Alcohol consumption Essay Example for Free

Alcohol consumption Essay Drinking too much – on a single occasion or over time – can take a serious toll on your health. Here’s how alcohol can affect your body: Brain: Alcohol interferes with the brain’s communication pathways, and can affect the way the brain looks and works. These disruptions can change mood and behavior, and make it harder to think clearly and move with coordination. Heart: Drinking a lot over a long time or too much on a single occasion can damage the heart, causing problems including: †¢CARDIOMYOPATHY – STRETCHING AND DROOPING OF HEART MUSCLE †¢ARRHYTHMIAS – IRREGULAR HEART BEAT. †¢STROKE †¢HIGH BLOOD PRESSURE Research also shows that drinking moderate amounts of alcohol may protect healthy adults from developing coronary heart disease. Liver: Heavy drinking takes a toll on the liver, and can lead to a variety of problems and liver inflammations including: †¢STEATOSIS, OR FATTY LIVER †¢ALCOHOLIC HEPATITIS †¢FIBROSIS †¢CIRRHOSIS Pancreas: Alcohol causes the pancreas to produce toxic substances that can eventually lead to pancreatitis, a dangerous inflammation and swelling of the blood vessels in the pancreas that prevents proper digestion. Cancer: Drinking too much alcohol can increase your risk of developing certain cancers, including cancers of the: †¢MOUTH †¢ESOPHAGUS †¢THROAT †¢LIVER †¢BREAST Immune System: Drinking too much can weaken your immune system, making your body a much easier target for disease. Chronic drinkers are more liable to contract diseases like pneumonia and tuberculosis than people who do not drink too much. Drinking a lot on a single occasion slows your body’s ability to ward off infections – even up to 24 hours after getting drunk Consequences of drinking too much Alcohol enters your bloodstream as soon as you take your first sip. Alcohol’s immediate effects can appear within about 10 minutes. As you drink, you increase your blood alcohol concentration (BAC) level, which is the amount of alcohol present in your bloodstream. The higher your BAC, the more impaired you become by alcohol’s effects. These effects can include.

Attention Hyperactive Deficit Disorder Essays -- essays papers

Attention Hyperactive Deficit Disorder â€Å"You know how it feels when you’re leaning back in your chair and it’s just about to fall over? I feel like that all the time!† This is how a person affected with Attention Deficit Hyperactive Disorder (ADHD) feels every day. ADHD refers to a family of related disorders that interfere with an individual's capacity to regulate activity level, inhibit behavior, and attend to tasks in developmentally appropriate ways. Some statistics: 75% people with ADD get divorced 50% stay behind a grade 46% have been suspended 11% have been expelled 3-5% (going on 15-20%) school aged population has it. 2.5 - 3 million school aged children have it The most common behaviors of ADHD fall into three categories: inattention, hyperactivity, and impulsivity. People with ADHD may show several signs of being consistently inattentive. They may have a pattern of being hyperactive and impulsive, or they may show all three types of behavior. Inattention is when people have a hard time keeping their minds on any one thing and may get bored with a task after only a few minutes. They may find it agonizing to do homework without getting bored. Often they will forget to plan ahead by writing down the assignment or bringing home the right books. When finally trying to do work they may find themselves drifting to something else; as a result, work will rarely get done. People who are hyperactive always seem to be in motion; they cannot sit still in one position. They may squirm in their seat or talk incessantly. Sitting through a single class could be an impossible task. For example, hyperactive teens and adults may touch everyt... ...ouglas A. (2002). What's Wrong with Doug? The Academic Struggles of a Gifted Student with ADHD from Preschool to College. Gifted Child Today, 25, 48-59 http://search.epnet.com/direct.asp?an=EJ657356&db=eric 9. Greene, Ross W.; Beszterczey, Sara K.; Katzenstein, Tai; Park, Kenneth; Goring, Jennifer. Are Students with ADHD More Stressful To Teach? Patterns of Teacher Stress in an Elementary School Sample. Journal of Emotional and Behavioral Disorders, 10, 79-89. http://search.epnet.com/direct.asp?an=EJ647177&db=eric 10. Heilegenstein, Eric; Guenther, Greta; Levy, Andrea; Savino, Felix; Fulwiler, Jan.(1999) Psychological and Academic Functioning in College Students with Attention Deficit Hyperactivity Disorder. Journal of American College Health, 47, 181-185. http://search.epnet.com/direct.asp?an=EJ580716&db=eric

Big Time Toymaker V. Chou Essay

1. At what point, if ever, did the parties have a contract? I believe that there were two contracts made in this scenario. The first one was the verbal contract that sated that the stipulations of price and the fact that there needed to be a written contract before distributing the product. The email, since it was in writing can also count as a written contract; both parties had knowledge that there would be some sort of written agreement. Chou was in the right to think that the email stating the key terms and agreements counts as a contract. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts that Chou was in a verbal agreement with BTT will be helpful in proving that they had a preliminary agreement pending a written one. The fact that an email was sent to him with all the key terms, price, time frames and obligations is also helpful in proving that Chou had a valid agreement with BTT. I believe that that email would count as a binding contract since both parties had a promise pending performances. This was a mutual assessment in which there was an offer by BTT and an acceptance by Chou. 3. Does the fact that the parties were communicating by e-mail have any impact on your analysis in Questions 1 and 2 (above)? In a way it does because when I think of an agreement I think of it as a written and signed agreement by both parties. However BTT did not specify in what kind of writing this contract needed to be. They did not specify if there was need to sign, notified or have witnesses for the contract. Email communication between two people describing the key terms of a contract and having both of them acknowledge the key terms to me serves a contract. While there was no signature, it had both parties’ names on it, it could be said that it was an E-signature. Also we have to keep in mind that the terms were also discussed verbally prior to the email being sent. 4. What role does the statute of frauds play in this contract? I believe that this email communication meets the statute of frauds and the fact that it had the named of the people in business counts as a contract. There have been cases were the name at the end of an email counts as a signature, example Stevens v. Publicis, were the publicis won because the name of both parties were in the written emails. In this case both parties names are on the emails and that signaled both parties intent to do business. 5. Could BTT avoid this contract under the doctrine of mistake? Explain. Would either party have any other defenses that would allow the contract to be avoided? I think that BTT might have a chance to void the contract under the doctrine of mistake because they can claim that Chou misunderstood the fact that the emails meant that he was able to go ahead and distribute the product, making it a bi ding contract. However it was clear that the email stated the facts of the contract and BTT did not specify that Chou should in fact continue to draft the contract for both parties to sign. I think that BTT would have a hard time voiding the contract under the doctrine of mistake. I think that fact there was no specification to how the contract would be written leaves a lot of vague results. BTT should have been more specific in their emails saying that Chou should still have to draft a contract agreement and that the email was not enough for the contract. In this scenario BTT would have a ch ance at voiding the contract. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? The fact that BTT promised distribution rights to Chou pending an agreement counts as consideration. In this case, something of value was put on the line by both parties, entering them into an agreement to exchange mutual performances. In this case there was also a value that we can determine, and that was $25,000 paid to Chou in exchange for exclusive negotiation rights. I think that consideration was present in this agreement, making a valid contract. At the end of the scenario, BTT states that it is not interested in distributing Chou’s new strategy game, Strat. Assuming BTT and Chou have a contract, and BTT has breached the contract by not distributing the game, discuss what remedies might or might not apply. In this scenario the remedies that would apply would be, compensatory damages because in this case Chou suffered a loss of potential profits that he would have made by his new game. It would also repay him as if BTT had not breached the contract. I think that if he could not claim compensatory damages then he would also be able to claim consequential damages because it states that it compensates the non-breaching party for foreseeable indirect loses. It also states that it involves a unique circumstance beyond the contract. In this case the contract BTT made was taken over by someone else who at the end did not want to do business with Chou. Restitution and Liquidated damages do not applied to this because there was no unjust enrichment by BTT due to the breach of contract. BTT and Chou did not agree to any damages ahead of time there fore liquidated damages does not apply.

Herbal Anti Cancer Medicine The Vinca Alkaloids Isolated...

The first herbal anti-cancer medicine was the vinca alkaloids isolated from the Madagascar periwinkle plant, Catharanthus roseus. Extracts from this plant was found to have therapeutic anti-tumour activity and clinically began being used as Vinblastine and Vincristine in 1960. [2] The mechanism of Vinca Alkaloids is the inhibition of microtubules. The drug prevents the alignment of daughter chromosomes by depolymerizing the tubulin molecules inhibiting the formation of spindle fibres ultimately causing mitosis arrest and killing dividing cells. [3] This class of drug is at danger due to resistance mechanisms via the over expression of multi-drug associated p-glycoprotein which acts as an efflux pump to remove the drug out of the cell. [5] Resistance has led to the development of second generation Vinca Alkoids – Vinorelbine and Vinflunine. these drugs disrupt microtubule formation by alternate methods compared to the older generation hence prolonging multi-drug resistance and anti-angiogenesis which prevents new blood vessels forming to the tumour. From clinical studies Vinorelbine is approved for treatment of Non-small cell lung cancer, (Gregory et al. 2000) over 15 trials with Vinorelbine as monotherapy has produced an overall response rate of 23.6% increasing patient’s survival. A phase 3 trial from an Italian study in 1999 (The Elderly Lung Cancer, Vinorelbine) found that ‘monotherapy vinorelbine seemed reasonable in the elderly whom polychemotherapy is not possible’.Show MoreRelatedHerbal medicin e is the traditional medical practice and it’s an important part of medicine to this1200 Words   |  5 PagesHerbal medicine is the traditional medical practice and it’s an important part of medicine to this day. To treat different ailments there are various indigenous systems such as Siddha, Ayurveda, Unani and Allopathy use differnt plant species1. Allopathic medicine is a system of medicine that focuses primarily on reacting disease rather than on promoting health. The use of herbal medicine is popular due to toxicity and side effects of allopathic medicines. Cancer is presently responsible for about

Mental Illness and the Criminal Justice System - 1264 Words

Psychological disorders are common in the United States and worldwide. The National institute of mental Health discovered that, â€Å"An estimated 26.2 percent of Americans ages 18 and older — about one in four adults — suffer from a diagnosable mental disorder in a given year.† Having an uncle who was diagnosed with Schizophrenia in 2003 has changed the way I see people with mental illnesses. After reading and watching the documentary about prisoners who have to undergo medication just to live a â€Å"normal† life has given me inspiration to come up with a few ways that will help our justice system deal with these sorts of individuals. While researchers are trying to come up with different medical measures to cure these diseases we as individuals can implement some procedures to help and support mental patients. We were asked to watch a documentary filmed by PBS called, A World Seldom Seen. In this documentary they followed incarcerated, mental illness prisoners as they were released from jail/prison. PBS followed six men on their journey adapting to life outside of the barbed wired fence that surrounded the place they once called â€Å"home†. The six men consisted of; Jerry Tharp, Michael Grissett, Lynn Moore, Benny Anthony, William Stokes, and Keith Williams. These man all contained similar conditions, they were ex-cons who suffered from a mental illness. â€Å"No, No I don’t think I’m mentally ill.† â€Å"I think I have a spiritual illness†¦ Maybe a spiritual insanity.† This is a statementShow MoreRelatedEssay about Prevalence of Mental Illness in our Criminal Justice System2057 Words   |  9 Pages The Prevalence of Mental Illness in our Criminal Justice System Introduction Mental Illness has been prevalent all throughout our history from Isaac Newton to Abraham Lincoln to Sylvia Plath and so on. These illnesses can be as minor as a slight bipolar disorder or as severe as schizophrenia. In recent years, mental illnesses are becoming more prevalent in our criminal justice systems than anywhere else. Mental illness is becoming an association with crime and based on the information that hasRead MoreCriminalization Of The Mentally Ill1486 Words   |  6 Pagespersons within the prison system, it is important to know the history of mental illness in the prison system. In1841, Dorothea Dix began her Asylum Movement. She saw how deplorable the conditions were for mentally ill inmates in the prison system and insisted on change. The mental ill inmates were treated very poorly, being beaten, starved, and sexually abused. Dix brought her findings to the legislature of Massachusetts and funds were then set aside to expand the mental hospital in Worcester. ThisRe ad MoreThe Medicalization of Deviance and Overview of Mental Health Courts1716 Words   |  7 Pagesexpanded as medicine has become the main response to deviance through the use of therapeutic social control. Medicalization is referenced to in criminal justice as one of the ways of explaining deviance and is used to determine the responsibility of an offender. Deviance characterizes behaviors and actions that violate social norms and is seen as having an illness or a disease needing treatment. Therapeutic social control uses medicine and science as a treatment of deviance. Medicalization of devianceRead MoreThe Mental Impairment And Unfitness Act1285 Words   |  6 PagesThe 1997 Mental Impairment and Unfitness Act has been effective in helping courts to determine persons to place on supervision. However, the determination of whether the policy’s goals are being accomplished in relatively difficult because a huge number of mentally ill offenders are being downgraded to extended status during custodial supervision orders. Moreover, offenders who have been released into the community’s care have been granted such measures through revocation of supervision ordersRead MoreHow Crimes Involving The Mentally Ill1056 Words   |  5 PagesCrimes linked to a mental disorder are seen to be abnormal from the established norms in society. According to the National Alliance of Mental Illness, a mental illness is a condition that impacts a person s thinking, feeling or mood and may affect their ability to relate to others and function on a daily ba sis.1 These variations often cause deviations from accepted behaviors. Behavior that is said to be not normal often ends up being linked to a crime. Rates of those with mental illnesses is 4-6Read MoreMental Disorders Within The Criminal Population1357 Words   |  6 PagesIntroduction Mental illness has always had its place in history. For the people in today’s society, mental disorders are much easily treated allowing for a more normal living. Yet, not all individuals are able to be diagnosed with such disorders often causing negative behaviors. For low level offenders this is often the case. Nearly 20 percent of state and local jail detainees have a history of mental disorders; this percetage can increase considering that about 61.5 million adults are affectedRead MoreDiversion Programmes And Access Of Mental Health Facilities1106 Words   |  5 PagesSolutions Diversion Programmes and Access to Mental Health Facilities The huge barrier to accessing mental institutions is due to the lack of available beds for the amount of patients which require treatment. Fortunately the suggestion of increasing the number of mental hospital beds is currently being considered by the Mental health Commission (19- 47). Currently Australia is experiencing the situation whereby patients are diverted from mental health facilities into prisons. In order to correctRead MoreThe Issues Of The Criminal Justice System Essay1647 Words   |  7 Pagespeople who suffer from mental illness being placed in jails instead of receiving the necessary treatment they need. The number of inmates serving time in jail or prison who suffer from mental illness continues to rise. In 2015 the Bureau of Justice reported that sixty five percent of state prisoners and fourth five percent of federal prisoners suffered from mental conditions such as bipolar disorder and schizophrenia. Individuals who suffer from these problems require special mental health treatment forRead MoreThe Death Of Christopher Lopez918 Words   |  4 Pagesissue in a broken criminal justice system. Diagnosed mentally ill patients should not be in prison, they need help that only a mental health facility can offer them. There is a difference between bei ng mentally ill and being a criminal. It is no secret that the state has used the prison system as a dumping ground for the mentally ill. Common sense would lead an observer to conclude that a prison environment is not the best place for a person who is suffering from mental illness. This issue has gottenRead MoreMental Health Issues Are Treated Fairly By The Criminal Justice System1650 Words   |  7 PagesThis assignment will examine if individuals with mental health issues are treated fairly by the Criminal Justice System, taking into account the provisions of the Mental Health Act, the roles of professionals within it and the development of how people with mental health disorders are, and have historically been, viewed in society. Individuals with mental illnesses were initially segregated or incarcerated. The West has seen mental health views change as society has developed and medicine advanced

Taxation Policies and The Government - 587 Words

In many countries, almost every country, government revenue usually came from taxation and government’s operation to be fundamental funds that use to spend on policies. If the government willing to spend more while their budget is inadequate (Budget deficit), the another way to find the money to satisfy their expenditure is to loan the money from the others, the process that government creates debt from borrowing money is called government debt, public debt, or national debt, which is like people loan from the financial institution but it just own by government, In present, there are many controversial between government debt create cost on future generation or not create cost on future generation, how can government debt create future generation cost, and how it will not create future generation cost. All of these we will be discuss later in this paper. Before we go any further, we need to know how and where governments can borrows money. Government can get the money by issuing securities, government bonds, or bills. And government can borrow money inside the country, internal, and outside the country, external. There are many reasons for government to creates government debts: government has problem with collecting taxes, government needs emergency money result from unexpected wars or natural disasters, government aim to creates economics growth or prevent recession in the economic, and etc. There are two major groups of people arguing that government debt will put cost toShow MoreRelatedThe Bush Tax Policy During George Bush Administration963 Words   |  4 PagesIntroduction The fiscal policies refer to the way in which the government affects those activities in the economy of a country. The major common fiscal policies that occur in the economy are the government expenditure and the level of taxation and they are usually advocated by the Central Bank of the country. The fiscal policies are a strategy that relates to the monetary policies that are used by the central bank of a country to control level of money supply in the country. The fiscal policies have a lot ofRead MoreFiscal Policy And Fiscal Policies838 Words   |  4 Pagesactive fiscal policy† (CNBC) in order to have its economy back on the reasonable range. Fiscal policy affects aggregate demand depending on the government’s spending and taxation. Thus, if the government decides to make changes in its taxation such as discounting corporate taxes, the aggregate demand curve will shift. In addition to that, money spent on public services and welfares will increase government spendin g which will affect aggregate demand as well. Economic Analysis Fiscal Policy â€Å"Fiscal policyRead MoreAn Interesting Topic Of Taxation972 Words   |  4 Pages The Observer illustrated an interesting topic of taxation. New York Senator Charles Schumer has introduced a call for a new type of taxation. He proposed â€Å"a tax on customer service calls being outsourced to another county† (The Observer, 2015). While the tax sounds a bit odd at first, there is actually for rhyme to the senator’s reasoning. The senator’s goal is to ultimately keep more jobs on United States soil. Many jobs in the United States have been lost to cheaper labor overseas. This proposalRead MoreThe United States Tax System1487 Words   |  6 Pagespeople. Taxation is a branch of politics that is distorted in some ways in which it does not satisfy many people’s needs. Although a government is designed to run an organized society and meet the needs of citizens, it does not always do a great job. Many people feel that their place in the financial world grants them immunity from excessive taxes while others feel they are being hurt by such an unequal tax burden. The purpose of taxes is to benefit society as a whole and keep the government runningRead MoreThe Strategy Of Contractionary Fiscal Policy1194 Words   |  5 Pagesincome-expenditure approach examine the likely consequences for the UK economy of the government’s attempt to cut its spending and raise taxation. Outline the suggested long-term benefits of such a policy? Where the government reduces government expenditure and raises taxation is known as contractionary fiscal policy. The government uses such policy in order to steer the economy into steady growth by preventing an inflationary gap from occurring. If an economy is growing too fast, for exampleRead MoreEssay on Taxation985 Words   |  4 PagesTaxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. TheRead MoreWinners and Losers of Our Economy1595 Words   |  6 Pagesincome tax system ensures a stable source of income for the government. Even at a 10% unemployment rate, the government will still make money out of the remaining 90% of the workforce. As long as the workers make money, the government will do too. Therefore, the government does not have to worry about where to get money even in an economic depression. However, this is a luxury that the government will not enjoy with a single federal taxation system. Gasoline prices and usage is affected by market trendsRead MoreDifference Between Fiscal And Monetary Policy Essay1345 Words   |  6 PagesThere are many policies that are enacted continuously that stimulate the economy in the United States. Some of these policies stimulate the U.S. economy in a negative way and some stimulate it in a positive way. One would agree that the U.S. economy is forever changing due to various factors. Some of these economic policies are also developed due to various factors or events that may have occurred in the United States. This paper will discuss some policies that stimulate the econ omy, their relationRead More Is Taxation is Theft? Essay1037 Words   |  5 Pages Taxation, the government acquisition of property from the individual has mixed support in any Western democratic system. To make its way into the good will of the majority, taxation has surrounded itself with doctrines of justification. No law which lacks public approval or acquiescence is enforceable, and to gain such support it must address itself to our sense of correctness. This is particularly necessary for statutes authorizing the taking of private property. Sometimes depicted as ‘theft’ byRead MoreRole of Tax Authority1218 Words   |  5 PagesTax Taxation The term tax has been derived from the French word taxe and etymologically, the Latin word taxare is related to the term tax, which means to charge. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal, yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of the

Business Impairment Loss Standard IAS 36

Question: Discuss about the Business Impairment Loss for Standard IAS 36. Answer: Impairment of assets is described in the standard IAS 36. It states about conducting an impairment test of all assets at the end of each accounting period and the accounting of the impairment loss or the reversal of such previous loss. Its importance is far understood especially after the great economical crisis that the world suffered and one of the reasons for the same was the incorrect asset values in the balance sheets of the company which makes the company look very rich. At the end of each reporting period the company should carry out impairment test of all assets but for inventories, construction contracts, deferred tax assets, financial assets, insurance contracts and non-current assets held for sale. These are covered under various other standards. Therefore apart from the above mentioned assets if it found that any asset is subject to impairment or there are indications of such impairment then an impairment loss should be recognized in the income statement and the balance sheet of the company (ifrs.org., 2014). An impairment is said to have occurred if the carrying amount of an asset is greater than its actual amount recoverable. Recoverable amount is further calculated as higher of the fair value of the asset less the cost of selling the asset and the value in use- i.e. the net present value of the future cash flows of the assets. Once the amount that can be recovered is found out then the difference between the two amounts is termed as impairment loss. The said amount is shown as an operating expense in the profit and loss account and the same is further reduced from the particular assets value in the balance sheet. Conducting an impairment test is not an easy task. As per the said IAS, it demands for considering both internal and external factors. Factors such as the market value of the asset has fallen substantially, instability in the political and economical scenario, the sudden increase in the market interest rate which entails to have a negative impact on the economy or the net asset value of the company is much more than its actual market capitalization. Factor such as technological obsolescence of the asset of the company, any asset is held for sale or the companys performance has drastically fallen down is known as internal factors (Ec.europa.eu, 2010). Therefore if the management after conducting the test for impairment are of the opinion that the asset should be impaired then the said should be accounted for so that actual amount of the asset is reflected. This helps the investors, customers and the shareholders of the company to know what the actual position of the company is. The balance sheet therefore actually shows the true picture of the companys asset position. However if the amount of impairment of individual assets is not possible to be determined then the impairment of the cash generating unit to which the asset belongs to is conducted. A unit which ha a number of assets and has the capability to generate cash flows independently is termed as a cash generating unit. But while impairing a cash generating unit the impairment of goodwill takes place at the first and then the rest of the assets are impaired on a pro-rata basis (ey.com, 2014). IAS 36 also talks about the reversal of impairment loss. Just like external and factors indicate an impairment of the assets similarly it also indicates whether the previous impairment should be reversed or not. If the conditions are such then the assets value is increased to the extent the asset would have been valued at had such an impairment not taken place in the past. But the only asset which cannot be reversed is goodwill. The reversal is recorded as an income in the profit and loss account and the asset is increased by the reversal amount (Dagwell et.al. 2012). Disclosure of the said impairment in the notes to financial statements is duly defined in IAS 36. They are as under: For each class of the assets, following disclosures are important: The amount of impairment loss that has been calculated and recognized in the profit and loss account and the line item(s) of the statement of comprehensive income in which the impairment loss is recorded. The amount of impairment loss reversed and recognized in the income statement of the company and the line item(s) of the statement of comprehensive income in which the impairment loss reversal is recorded. The impairment loss of revalued assets which are recognized in the other comprehensive income during the period. The impairment loss reversal of the revalued assets which is recognized in the other comprehensive income during the period (com, 2016) . In case an entity does segmental reporting then the following disclosures are a mandatory: The impairment loss which is recorded in the income statement and in the equity during the accounting period. The impairment loss amount which is reversed and recorded in the income statement and in the equity during the accounting period. If the asset being impaired is of material nature then the below mentioned disclosures are necessary: The reasons because of which impairment of asset occurred. The amount of impairment For single assets the entity is required to disclose the nature of the asset and in case it does segmental reporting as per IFRS 8, then the segment to which the impaired asset belongs to is also required to be mentioned in the disclosures of the said standard (accaglobal.com, 2014). For a cash generating unit being impaired, disclosures with regards the nature of the CGU and the amount of impairment recognized or reversed of the assets in the CGU (Thornton, 2014). Thus on a concluding note impairment of assets is of utmost importance so that the company does not portray or display a rosy picture of their assets to the public. Thus to safeguard the interest of the owners and the shareholders and be able to understand the true worth of the company such an impairment test and recording of the same is a must. References: Dagwell, R., Wines, G., Lambert, C., (2012), Corporate Accounting in Australia, Pearson: Australia ey.com, (2014), Impairment Accounting the basics of IAS 36 , Impairment of Assets, Available at https://www.ey.com/Publication/vwLUAssets/Impairment_accounting_the_basics_of_IAS_36_Impairment_of_Assets/$FILE/Impairment_accounting_IAS_36.pdf (Accessed 19th September 2016) Ec.europa.eu, (2010), International Accounting Standard 36- Impairment of Assets, Available at https://ec.europa.eu/internal_market/accounting/docs/consolidated/ias36_en.pdf (Accessed 19th September 2016) ifrs.org., (2014), IAS 36- Impairment of Assets, Available at https://www.ifrs.org/IFRSs/Documents/Technical-summaries-2014/IAS%2036.pdf (Accessed 19th September 2016) investopedia.com, (2016), Impairment, Available at https://www.investopedia.com/terms/i/impairment.asp (Accessed 19th September 2016) Thornton, G., (2014), Impairment of Assets- A Guide to applying IAS 36 in practice, Available at file:///C:/Users/E-ZONE/Downloads/IAS%2036%20Impairment%20of%20Assets%20-%20A%20guide%20to%20applying%20IAS%2036%20in%20practice.pdf (Accessed 19th September 2016)