Analysing The Challenges Facing Multilateral Organisations Today Politics Essay

Analysing The Challenges Facing Multilateral Organisations Today Politics Essay War is often the result of non negotiable problems/disputes. Since the end of the Second World War, liberal international theory advanced the establishment of international organizations such as the United Nations (UN) and its sub bodies, in the belief that such international forums were where state members have a chance to discuss and air their common issues and grievances and could prevent war and, widen the corporations between nation states. However, since its creation, the legitimacy as well as the effectiveness of these multilateral institutions has always been questioned. The end of the Cold War marked a new era of world politics where the United States (US) became the predominant power in the international system. In addition, the Iraq war of 2003, led by the US, but was not authorised by the United Nations Security Council (UNSC) and the issue raised a question about the hegemonic position of the US over the United Nations. This is just one of the many challenges multilater al organizations like the UN are facing today. The terrorist attack on 9th November on the US and similar attacks elsewhere in the world, as well as the increasing threat of weapon of mass destruction (being used by either a rogue state such as Iran or a terrorist group) in the 21st Century is another major challenge for the United Nations and its administrative departments. Moreover, with the increasing involvement of non state actors and non governmental organizations nowadays, the value of formal institutions like the UN is clearly affected in adverse ways. To clarify if multilateralism is in crisis or not, it is essential to firstly look at the difficulties posed by these new dimensions to multilateralism, then evaluate its reaction and effectiveness at tackling them. In this essay, the focus will be on UN as this is often seen as the vanguard of multilateralism. Firstly, the essay will examine what multilateralism can be defined as and will name the current challenges which Mul tilateralism faces, it will then go on to give analysis of the sources of those troubles. Finally, it concludes that such multilateral institutions like the United Nations are under real challenge to the effectiveness of their multilateralism; however, it is not yet in a crisis situation. The leaders of these organizations can no long presume their exchanges to be â€Å"business as usual† but need to take into account these growing troubles and think more about â€Å"reform† if multilateralism is to continue to function in a stable way. Before discussing whether multilateralism is effective one needs to consider what exactly multilateralism is. For Paul Nielsson, UN Commissioner, multilateralism is about ‘all parties’ carrying out ‘concerted efforts’ to strengthen the international regulatory framework’ (Jorgensen, 2007, p.2) and involves states ‘pooling’ both resources and sovereignty. The problem for many participants in multilateral processes is that the processes themselves are ‘often slow and difficult, and rarely do their results satisfy every participant’ (ibid). Thus, multilateralism is by definition a process where participants cannot expect a zero-sum outcome, where they can clearly identify their gains or losses and say it was a success or failure. Multilateralism is a compromise between states where its greatest success is that everyone is a winner and everyone is a loser, because nobody gets everything they want.

DecisionMaking Essay Example | Topics and Well Written Essays - 2000 words

DecisionMaking - Essay Example Generally, decision making consists of the following six steps (Glynn, Before taking the final decision, managers need to get an idea about the effectiveness of the course of action or remedy they intend to apply on a particular problem, so a post decision evaluation via feedback can be worth while. In the managerial decision making process, the management accountants play a decisive role although they neither indulge in making nor in implementing the final decision, the management accountant is held responsible for providing the information at each of the six stages mentioned above. Management is not concerned about how and from what procedures an accountant uses in his analysis and evaluation; eventually the main concern of the management is the information regarding the problems and on the basis of this information, management reaches on a decision (Steffan, 2008). Management accountant is responsible to elaborate the management that the data that is been taken is relevant to provide the information. Relevant data are the single most important ingredient in decision making (Drury, 2007). Relevant data usually consist of relevant cost and relevant revenue which must be considered by the accountants while choosing the alternative course of action; make sure only those cost and revenues will be incurred which are relevant to the decision making. BUDGETING: The budget is a quantitative expression of management objectives and a means of

A ustralian Company Accounting Coursework Example | Topics and Well Written Essays - 1500 words

A ustralian Company Accounting - Coursework Example Income tax Liability (Statement of Financial Position) $ 4,650 Requirement 3: Treatment: Doubtful Debts Expense: Doubtful debts represent that balance of amount which will not be recoverable out of the total trade receivables of the company. This is considered to be a trade expense thus is accounted for in the income statement of the company. Rent Revenue: Rent revenue is defined as an income generated by the company through renting out any of its assets. It can include machinery, equipment or property. All kinds of income generated by the company are included in the profit and loss account of the company. But for tax purposes it is taxable under savings income heading so it will be deducted from the profit of the company and taxable separately as the savings income has a different tax rate. Entertainment Expense: Entertainment expense comprises of the expense incurred during the process of entertaining the clientele of the company. As the entertainment expenses incurred on the emplo yees is not an allowable expense for tax purposes, it is assumed that this expense relates to the one incurred on the clientele unless otherwise stated. Thus it will also be included in the profit and loss account of the company for tax purposes as a deductible. Requirement 4: Calculation of Deferred Tax Asset and Liability: Calculation of tax base values of assets: MOTOR VEHICLE: Book Value ($) Tax Base ($) Motor Vehicle (Cost) 18,000 18,000 Motor Vehicle (Acc. Depreciation) (15.750) (18,000) ------------------- ---------------- 2,250 Nil Thus Deferred Tax Liability = 2,250 * 30% = $675 EQUIPMENT: Book Value ($) Tax Base ($) Equipment (Cost) 100,000 100,000 Equipment (Accumulated Depreciation) (60,000) (45,000) ------------------- ----------------- 40,000 55,000 Deferred Tax Asset = ($55,000-$40,000) * 30% = $ 4,500 RECEIVABLES: Tax Base = $12,000 Thus deferred tax liability = 12,000 * 30%= $3,600 RENT RECEIVBALE: Tax Base = $2,800 Thus deferred tax liability = 2,800 * 30% = $840 T otal Deferred Tax Liability = $675+$3,600+$840 = $ 5,115 Thus the new deferred tax asset and liability becomes $4,500 and $5,115 respectively. Requirement 4: Journal Entries: Deferred Tax Asset: Dr. Tax Expense (Statement of financial performance) $ 1,950 Cr. Deferred Tax Asset (Balance sheet) $ 1,950 Deferred Tax Liability: Dr. Tax Expense (Statement of financial performance) $ 2,370 Cr. Deferred Tax Liability (Balance sheet) $ 2,370 Question 2: REPORT Executive Summary This report is designed for the purpose of reflecting on the new accounting policy change that is being implemented by the company which requires the company to disclose its advertisement expense as an asset as opposed to be treated as an expense as it incurs. In this report it was observed and suggested that the criteria for the policy change implemented by the company met the recognition criteria of an asset as set by the AASB (Australian Accounting Standard Board), and was of material balance to be disclosed in t he financial statements of the company. Introduction: The purpose of this report is to determine if the new policy of the company to record its advertisement expenses as an asset is true and fair according to Australian