Women as Change Agents

Most business leaders and employers are becoming increasingly aware of the importance of workplace flexibility with the increasing number of jobseekers who would prefer to work on a flexible schedule rather than work in a highly paying job with a tight schedule. Therefore, more and more employers are seeking options and programs to implement workplace flexibility in their organizations.Advertising We will write a custom case study sample on Women as Change Agents specifically for you for only $16.05 $11/page Learn More However, there is a notable gap in workplace flexibility between men and women. In fact, some business leaders such as Kathleen Christensen believe that flexibility for women in the workplace is a social and structural issue. This is a fact considering that the traditional workplace was designed to fit the male workers because they could afford to work full-time without taking breaks to attend to other social imperatives such as care-givin g responsibilities (Richard Heffiner’s Open Mind, 2005, para. 3). Furthermore, most career paths were designed in such a way that people got employed in their early twenties, advanced through ranks, and retired in their sixties. This type of career path does not fit the needs of parents especially women who are currently contributing to almost half of the workforce. In the long run, people end up working for 80 hours and over while neglecting important social responsibilities such as child rearing, cooking, and cleaning. Therefore, it is obvious that this workplace structure does not fit the working parents, and hence, it is important to allow more flexibility in jobs in order to enable parents attend to other equally important matters (Richard Heffner’s Open Mind, 2005, para. 2-6). On the other hand, various factors underlie the historical trends in women’s flexibility in the workplace. According to Domenico and Jones (2006, p. 1), women have been subjects of c riticism throughout history with some critics viewing working women as immoral, unfeminine, objects of pity, and negligent mothers. Therefore, for a woman, having a career was a challenge considering their responsibilities and duties as mothers and wives, which could compromise their professional responsibilities. Because of these simultaneous work-family demands, it was difficult for most women to put their career aspirations first, and thus, their careers were significantly affected (Domenico Jones, 2006, p. 1).Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Furthermore, despite most women joining the workforce in large numbers over the years, their success in achieving career goals and objectives have been dwarfed by different factors including working in low-paying and less flexible jobs such as sales, nursing, social work, and teaching; or remaining in some conventional careers that could only afford them inflexible job opportunities. These factors are also closely related to stereotypical occupational roles designated to the male and female genders, which subsequently cause discrepancies in income, opportunities for growth, and career advancements between the two genders (Domenico Jones, 2006, pp. 2-7). Accordingly, two schools of thought have arose in an attempt to highlight the factors affecting women’s pay (gender wage gap) in the workforce while taking note that women are likely to earn about two-thirds of what is paid to males with comparable qualifications and experience (Domenico Jones, 2006, p. 1). According to the human capital explanation, women are bound to earn less because their labor and hence productivity are divided between the family and work in comparison to men. Thus, the family responsibilities influence the working woman’s decisions when it comes to investing in education and devoting time to professional work. For exa mple, since women are expected to remain in the workforce for fewer years compared to men, it is obvious that they will invest less in obtaining work-related skills. Overall, less investment in work-related skills, lower productivity, discontinuous work history, and skill depreciation among most working women are the main factors driving the discrepancies in wages between women and men (Levine, 2003, p. 9). On the other hand, the discrimination school of thought holds that the work-related variables and sex segregation determine the gender wage gap. For example, men and women are bound to be clustered into different occupational groups whose pay grades are different. Hence, since most women are excluded from well-paying jobs through occupational segregation, their pay is also low compared to men (Levine, 2003, p. 11). The underlying factors affecting women’s workplace flexibility and income notwithstanding, the number of working women is projected to increase in the next 10 y ears considering that most women are venturing into the once male-dominated careers such as finance, construction, and engineering. The same trend can also be noted from the rising number of women-owned firms and businesses most of which are non-farm businesses.Advertising We will write a custom case study sample on Women as Change Agents specifically for you for only $16.05 $11/page Learn More These businesses have been contributing a significant percentage of revenues generated from non-farm businesses in America while employing more than 7 million workers. Therefore, it is hereby hypothesized that as more and more employers fail to meet the flexibility requirements of most working women, more and more career women will turn to women-owned businesses, which have shown a solid growth according to statistics taken in 1997-2002. Therefore, most employer firms are challenged to embrace workplace flexibility in their organizations if at all they are to rec ruit and retain talented and experienced workers especially the career women in the contemporary society (Levine, 2003, pp. 13-19). References Domenico, D.M., Jones, K.H. (2006). Career aspirations of women in the 20th Century. Journal of Career and Technical Education, 22(2), 1-7. Levine, L. (2003). The gender wage gap and pay equity: Is comparable worth the next step? USA: The Library of Congress, Congressional Research Service. Richard Heffner’s Open Mind. (2005). Women as change agents in America, Part I. The Thirteen Editorial Services. Web. This case study on Women as Change Agents was written and submitted by user Frederick Marquez to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Pollution Caused by Cruise Ships Essays

The Pollution Caused by Cruise Ships Essays The Pollution Caused by Cruise Ships Paper The Pollution Caused by Cruise Ships Paper These ships carry up to 3,000 passengers who spend enormous amounts of money at tourist locations around the world. It is estimated that millions of dollars are generated and placed into the tourism markets annually. This is great news for local communities that depend on the cruise ship industry in order to survive, however it is bad news when it comes to the environment. Cruise ships create a massive amount of waste which ends up polluting our water ways and sending vast levels of pollutants into the air as well. These large ships typically produce around 170,000 gallons of waste water, 21 ,OHO gallons of sewage, 6,400 gallons of bilge water, and 1 ton of solid waste per day ((Brooks ; Dunn, 2012). Unfortunately, these waste products are dumped into our oceans, seas, rivers, and lakes. There are numerous laws, regulations, and guidelines to prevent such things from happening but most of the cruise ship operations have found a way to work around them. They understand that states such as Alaska and Washington prohibit dumping of waste materials in their waters. The cruise ship corporations have taken advantage of the relaxed laws of places like British Columbia (B. C. ) which for the most part allows them to release their waste products into their water areas. This presents a dilemma for the cruise ship industry because they ultimately have to decide between making a profit and being environmentally sound. Corporations such as the cruise ship industry have an ethical responsibility to et all environmental regulations and laws regardless of where they are sailing. Corporations have an obligation to the general public and that includes making sure they are meeting standards set forth by the government. Environmental groups have a major influence on the general public and can create enough pressure where the reputation of a company is tarnished and sales start to decrease. It would be to a corporations advantage to show the general public that it is going above and beyond meeting environmental needs regardless of the rules in a particular country, Tate, etc. When sailing in international waters cruise ships should go by the strictest of all guidelines. Ethically, a corporation should set the standard for all others to follow. They cant allow relaxed rules to be an excuse for creating environmental damage. The general public would feel betrayed to learn that a company built on having good, clean, vacation fun is in fact dirtying up the water ways. Coos of such corporations should exercise due care and professional skepticism. They should ask how my actions will affect the water ways in the future. In addition, executives should question the rules of other countries and do everything in their power not to take advantage of weak laws. Rot cities depend on tourism to generate revenue within their communities. It is of the most importance to balance the needs of tourism against the needs of maintaining an environmentally safe society. Compromise is essential in the effort to reduce as much waste going into our waters as possible. These tourist destinations should always work with the U. S. Environmental Protection Agency to develop reas onable plans that can e accomplished slowly in order to prevent pollution now and in the future. It is understood that cruise ships will always have waste products to get rid of so decisions should be based on what is good for the environment not solely on tourism. The responsibility to maintain a clean and healthy environment is up to everyone. Corporations have a major responsibility as well because they can influence the thoughts, ideas, and beliefs of the average citizen. If a major corporation promotes the idea of improving air and water quality then it can influence the actions of other corporations. The cruise ship industry is in the position to set the standards for all to follow. They have the ability to show others that no matter the location or circumstances that a standard set of rules should always be followed. They should not let profit get in the way of doing the right thing. In the long run doing what is expected is more important than profit. The general public would accept a rise in ticket prices for a cruise if they were informed that it is because of the environmental rules they are trying to follow. Profit is the main goal of any organization, but it should not come at the expense of peoples health and well being. If the proper research is conducted and coordination between countries is established then it should be no reason why environmental needs should not be met. The general public is the first priority of corporations and every effort Of compromise should be attempted.

St Peters Research Paper Example | Topics and Well Written Essays - 1250 words

St Peters - Research Paper Example The building of the old St. Peter’s began in the fourth century through the authority of Emperor Constantine (â€Å"Rome Info† 1). For many years, the old St. Peter’s Basilica grew to become a historical, religious, and architectural icon (â€Å"Rome Info† 1). However, the demolition of the Old St. Peters led to the building of New St. Peters Basilica under the authority of Pope Niccolo V in mid-15th century and completed in 1615 to become a major pilgrimage site (â€Å"Rome Info† 1). Notably, the history behind New St Peters is an example of why it is necessary to update buildings architecturally to keep up with the changing times of our world, society, and culture. In the mid-15th century, the old St. Peter’s Basilica was failing into ruins as its walls leaned out of perpendicular and it was seemingly irreparable which forced Pope Nicolas V to institute measures of restoring its pride. As such, Pope Nicolas V authorized the repair, restorat ion, and enlargement of St. Peter’s Basilica under the supervision of Leon Bernardo Rossellini (â€Å"Rome Info† 1). However, the construction stopped when Pope Nicolas V died prompting Pope Giulio II to transferred that responsibility to Bramante in 1506. Indeed, Bramante demolished the old St. Peter’s Basilica in 1506 (Francia 1) and designed another Basilica with a Greek cross plan (â€Å"Rome Info† 1). Moreover, Pope Julius II directed the construction of a new basilica under the supervision of Bramante, which started on April 18, 1506 and finished on November 18, 1626 (â€Å"Catholic Online† 1). However, Rafael proposed a Latin cross plan and Michelangelo  later proposed a Greek cross (â€Å"Rome Info† 1). Nevertheless, after the heated conflict on which structure to adopt in the new St. Peter’s Basilica, pope Paolo V authorized the use of Latin cross structure (â€Å"Rome Info† 1). Indeed, the new St. Peter’s Bas ilica has a modern architectural design that depicts a three-aisled Latin cross with a dome at the crossing, directly above the high altar, which covers the shrine of St. Peter the Apostle. This makes the new St. Peter’s Basilica a modern pilgrimage site (â€Å"Catholic Online† 1). Ideally, Michelangelo became the chief architect for the reconstruction of St. Peter's Basilica in 1546 despite his failing health. The architectural design of the new St. Peter's Basilica accommodated contributions from prominent architects like Donato Bramante, Antonio da Sangallo who designed the Pauline Chapel, Fra Giocondo who strengthened the foundation of the new St. Peter's Basilica, Michelangelo who designed the dome, Giacomo Della Porta who designed the cupola, and Gian Lorenzo Berninin who added the piazza (â€Å"Khan Academy† 1). Ideally, the architectural; design of the old St. Peter's Basilica did not relate to the modern cultures, changes, and society. However, the new St. Peter's Basilica depicted a dome, which manifested Michelangelo's resounding architectural achievement. Indeed, the new St. Peter's Basilica relate to the modern cultures, changes, and society. The new St. Peter's Basilica has a cruciform shape and an elongated nave in the Latin cross (â€Å"Catholic Online† 1). This deviated from the old architectural design that advocated for centrally planned structures. In the new St. Peter's Basilica, we have the dome dominating the external and internal part of the central space depicting

An Engineering Product Development Plan Essay Example | Topics and Well Written Essays - 4750 words

An Engineering Product Development Plan - Essay Example An approximate potential size (volume) reduction of 20-30% can be achieved in notebook devices and up to 70% in desktop PCs. There are fewer security threats since the device is memoryless once its power supply is turned off and there is a clear privacy edge since a user's full computer would reside in the user's pocket, key chain, or the like depending on the used storage medium. The development does not target major hardware and enclosure re-designs. It is in the proof of concept's advantage to virtually eliminate hardware re-design and minimize same for enclosures. Motherboards designed for desktops can be used with minor adaptation for the reduced desktop configuration as well as a desk/kiosk mountable configuration for public use. The laptop motherboard layout would still be used for smaller laptops, possibly with more creative enclosure design to reduce the overall carry-on size, while maintaining a reasonable screen size. The product development plan is organized as follows. ... The laptop motherboard layout would still be used for smaller laptops, possibly with more creative enclosure design to reduce the overall carry-on size, while maintaining a reasonable screen size. The product development plan is organized as follows. Section 2 provides a topical product description that caters for the main newly introduced issues by the UC concept. Section 3 discusses specifics of alternative technologies to be used in the implementation. Section 4 presents the business case and market segmentation. The development plan and the related funding and financial plan are described in Sections 5 and 6, respectively. Section 7 discusses potential economic and technological risks. A conclusion is provided in Section 8. Product Description The UC physical architecture is similar to that of a desktop or a laptop, except that in either case the processor box is much smaller. Other peripheral input and output devices; namely screen, keyboard, and mouse are not subject to change; but may be subject to subsequent creative adjustments that could take advantage of the size reduction. The processing box may consist of one PCB (we may still call it a mother board) with the following components: Processor with cache memory RAMs NVRAM containing machine language device drivers VGA card or equivalent Audio drivers and outlets A minimum of 4 USB 2.0 or Firewire interfaces: one for each of the mouse and keyboard, and 2 for portable external storage units (alternatively Bluetooth could be used for the mouse and keyboard) Network drivers for Ethernet, Wi-Fi, and Bluetooth The following devices are taken outside of the box: The hard disk(s)-replaced by external

5 Reason to Have a Master in Public Administration Essay Example for Free

5 Reason to Have a Master in Public Administration Essay 5 reasons why a Masters in Public Administration is vital in todays business A Masters in Public Administration is a very important program from a society’s perspective. The aspirants who wish to make a key contribution to the society and are motivated to doing something socially meaningful a Masters in Public Administration can be the ideal degree for them to pursue. A Masters in Public Administration is vital for the business and the economy for several reasons. Here are some of the reasons that make this program significant: Public Administration is critical to creating a sound administrative infrastructure for the society. Business and industry in any country can prosper only if there is a strong foundation of basic social facilities and systems in the country. All institutions of national and local governance, internal security and public welfare must be strong enough to ensure that people can conduct their businesses or pursue their occupations without any hurdles or hindrances. A Masters in Public Administration creates professionals who address these issues and create a sound administrative infrastructure. Public Administration facilitates interaction between professionals and government officials in policy matters. If a public administration official has a Masters in Public Administration, he can deal with the government officials effectively and provide creative inputs in the matter of developing public policies and programs for the larger benefit of the society, and creating good conditions for a prosperous business and economy. A Masters in Public Administration can be useful within the government and also for the corporate world. The government can hire such professionally qualified individuals to assist in the matters of policy formation and implementation. They can bring new ideas and strategies to deal with the issues of public welfare successfully. Even in the corporate sector, the large companies prefer to hire candidates with this qualification so that they can engage with the government officials on various policy issues concerning the business and industry. See more: My Writing Process Essay A Masters in Public Administration helps to shape the overall public policy that benefits the consumers, new entrepreneurs and business organizations at large. That creates a thriving environment for growth of business and industry. In the times of economic stagnation, an efficient Public Administration becomes even more vital to the survival of business. In such conditions, the government and public administration offices are expected to play a key role to bring back the macro economy to the levels of normalcy. That helps business and trade to survive during the tough economic times, and pull through without resulting in a situation of massive job losses and economic crisis for the people of the country.

Americas Flawed Constitution :: American History

America's Flawed Constitution Right from the beginning of it’s creation the constitution of the United States has been a shaky document. The very basis for it being there was in fact illegal. The story of American politics starts with the Declaration of Independence. This document was brilliantly written by Thomas Jefferson and compacted all of the great ideas of enlightenment into one short easy to read paper. The declaration stated all of the ideals the new American nation would strive for. A constitution was needed as a way in which to fulfill those goals. The articles of confederacy were created as that constitution. However, they were weak, because no state wanted to give away any of their powers, and so the articles eventually failed. That is when the modern day constitution was starting to form. The Articles of Confederacy stated that in order to change any part of the document all thirteen states must agree to the change. Therefor a meeting was called so that they could amend the failing articles. However, representatives from two of the states did not show up. Even though not all states were represented the meeting started and the first vote was to totally throw away the Articles of Confederacy. The constitution wasn’t formed yet and it was already a flawed document. Because not all states were represented when the articles required it, the constitution was an illegal document. The delegates working on the constitution new that they needed a stronger document, because the articles proved too weak, but it still needed to please all of the states. This was impossible. So what ended up happening was the new ducocument became more and more vague. The only way to create a document that would pass was to make a document which didn’t really solve any problems but make each state believe that there problems would be fixed. This was accomplished by making it so that it was too vague to offend anybody but you could read into it. This made for a document that would be seriously flawed because people would be able to read into it too much. It could not work. The Constitution of the United States of America was too vague to work. The way the constitution was written it gave power to four parts: the congress, the executive branch, the judicial branch, and the states. Because it was so vague it did not really define which powers went where (with a few exceptions).

Convergence-towards-ifrs-in-malaysia-issues-challenges-and-opportunities Essay

In the year 2008 the then Malaysian Accounting Standard Board’s (MASB) chairman, Dato’ Zainal Abidin Putih, announced that Malaysia will be converging with International Accounting Standard Board (IASB)’s International Financial Reporting Standard (IFRS). From that point onwards many initiatives were lined up by MASB and the Malaysian Institute of Accountants (MIA) in order to educate, train and inform all the relevant stakeholders in tandem with fast approaching deadline to converge, which is for the earliest year-end financial reporting date, 31 December 2012. On 19 November 2011, MASB issued the third accounting framework to be applied in Malaysia and this new accounting framework that is IFRS-compliant is dubbed as Malaysian Financial Reporting Standards framework (MFRS). The issuance of MRFS is vital to show and prove the Malaysian commitment and also it becomes a solid guideline for all entities that are administered by Securities Commission of Malaysia and the convergence begin on or after 1 January 2012. Historically, Malaysian accounting standards have always closely followed the former International Accounting Standards (IAS) and the current IFRS. This is due to the colonisation effect on Malaysia, where Malaysia was a British colony up to the year 1957 and many of the accounting standards applied in the United Kingdom has always made its way to be adopted by the Malaysian standard setters authorities and regulators. As Mohammad Faiz Azmi stated in forums that the Malaysian story of convergence has been a ‘slow and steady’ approach and this phased-in approach even though slower is expected to put Malaysian entities in a better position as the problems and challenges faced by Malaysian companies are far much reduced compared to other countries that adopted the ‘big bang’ approach, for example the South Koreans, where the accounting standard setters and regulators in South Korea agreed on full adoption of IFRS (Nazatul Izma, 2009; Suh, 2011) ACCOUNTING FRAMEWORKS IN MALAYSIA Currently Malaysian entities are subject to three sets of accounting frameworks, the first accounting framework is the old Financial Reporting Standards framework (FRS), next is the Private Entity Reporting Standards framework (PERS) and finally the Malaysian Financial Reporting Standards framework (MFRS). All these three frameworks are legally approved frameworks by MASB and can be applied by entities in Malaysia but subject to the type of entity. The three types of frameworks are outlined and discussed below. MFRS framework is to be applied by all entities other than private entities for annual periods beginning on or after 1 January 2012. Private entities are private companies which are incorporated under the Companies Act 1965, that are not itself required to prepare or lodge any financial statements under any law administered by the Securities Commission Malaysia or Bank Negara Malaysia. Private entities are also not subsidiaries or associates of or jointly controlled by an entity which is required to prepare or lodge any financial statements under any law administered by the securities Commission Malaysia or Bank Negara Malaysia. However ‘Transitioning Entities’ are excluded from applying MFRS and these ‘Transitioning Entities’ are entities that are in the scope of MFRS 141 for ‘Agriculture’ (equivalent to IAS 41) and IC Interpretation 15 for ‘Agreement for Construction of Real Estate’, (equivalent to International Financial Reporting Interpretations Committee (IFRIC) 15) including its parent, significant investor and venture. These ‘Transitioning Entities’ have an option to either apply the MFRS framework or the old FRS framework, but this leeway is only allowed for one year, as these ‘Transitioning Entities’ need to apply the MFRS framework by  Page 43 International Journal of Business, Economics and Law, Vol. 1 ISSN 2289-1552 2012 annual periods beginning on or after 1 January 2013 at the latest (Nazatul Izma, 2009; KPMG, 2011; Accountants Today 2012; Ganespathy, 2012; Jebaratnam, 2012). PERS framework is to be applied only by private entities but these private entities have an option to apply MFRS framework for annual periods beginning on or after 1 January 2012. If the private entities choose to apply MFRS framework and these entities are in the scope of MFRS 141 for ‘Agriculture’ (equivalent to IAS 41) and IC Interpretation 15 for ‘Agreement for Construction of Real Estate’, (equivalent to IFRIC 15), therefore known as ‘Transitioning Entities’, they have the choice to either apply MFRS framework or FRS framework, but these freedom is applicable up to 31 December 2012, as these entities need to revert to MFRS framework for annual periods beginning on or after 1 January 2013 (Accountants Today, 2012; Jebaratnam, 2012). FRS framework which is the Malaysian version of IAS, which has been the main accounting standards framework for nonprivate entities before the introduction of MFRS framework can be applied only by ‘Transitioning Entities’, but as stated earlier, such entities need to revert to MFRS framework for annual periods beginning on or after 1 January 2013 (Accountants Today, 2012; Jebaratnam, 2012) ISSUES AND CHALLENGES IN FULL ADOPTION OF IFRS IN MALAYSIA MFRS 1 covers issues pertaining to ‘First-Time Adoption of Malaysian Financial Reporting Standards’ and the transition date stated in MFRS 1 is the beginning of the earliest period for which an entity presents a full comparative information under MFRSs in its first MFRS based statements. Following the requirement of MFRS 1, MFRS 101 on ‘Presentation of Financial Statements’ requires reporting entities to present three ‘Statements of Financial Position’ and two ‘Statement of Comprehensive Income’, ‘Statements of Changes in Equity’ and ‘Statement of Cash Flows’ each. MFRS also dictates that entities need to present statement of financial position as at the beginning of the comparative financial year, therefore reporting entities requires their financial statements to be prepared based on the requirement of MFRS from the financial year beginning on and after 1 January 2010, or otherwise be very cautious to make retrospective restatements and/or reclassify items in all the financial statements and notes to accounts and the transition date would be on or after 1 January 2011. The expectation is that the entities are able to present MFRS compliant financial statements come the year-end financial reporting on 31 December 2012, which may become an issue, if these entities are not MFRS ‘ready’ (Accountants Today, 2012). Another challenge for full adoption of IFRS in Malaysia is that under MFRS 1, whenever the cost of complying with MFRS exceeds the benefits to the users of financial statements and also if retrospective application would mean that judgement by management of a known transaction is required, IASB would grant exemptions and therefore this would create unlevel playing field amongst non-private entities in Malaysia that are supposed to apply MFRS framework as the criterion for full-adoption. To ensure that the reporting entities in Malaysia are MFRS compliant, these entities should perform a comprehensive, thorough and detailed examination of the readiness of their entity in becoming MFRS compliance to avoid any investigation by the authority due to non-compliance after the grace period for full adoption is over. If Malaysia ends up trimming its MFRS as a convergence framework that can be adapted to fit the local conditions and not a one size fits all set of standards, because a full adoption forces countries to surrender their sovereignty, then Malaysia will have serious issues and will face difficulties to be endorsed as a country that compliances to full IFRS adoption (Nazatul Izma, 2009). But as it is evident, MFRS 141 and IC 15 for ‘Transitioning Entities’ is an exception given to such entities to comply to full IFRS adoption by reverting to MFRS framework for annual periods beginning on or after 1 January 2013. Even though the IAS 41 assumption that fair value can be measured for biological assets was an issue, but this sort of issues should be communicated clearly to the practitioners and this is where the education and training of the practitioners is key for a successful full adoption of IFRS. For example MFRS 141 (IAS 41) disagreement with IASB need to be entirely made clear to the Malaysian practitioners, as IASB currently have agreed to recognise palm oil tree as a non current asset and not as an inventory (Nazatul Izma, 2009). One of the most common perceived advantages of convergence to IFRS is the possibility of increased foreign direct investment (FDI) (Gardiner, 2000; Christiansen, 2002), but as of 2010, report on the most attractive FDI destinations, the world’s highest FDI receivers are China, United States of America and India, of which none have converged to IFRS. Therefore, the notion that IFRS convergence will attract FDI is not valid, and this so called advantage cannot be applied to entice countries to adopt IFRS for financial reporting of their entities. IFRSs for SME is another reason to ponder on the real plausibility of full adoption of IFRS. If MASB chooses to adopt IFRS for SMEs to replace PERS, than we will have another version of ‘diluted’ IFRS as a framework within the Malaysia accounting scenario. Dr Paul Pacter, the board member and chairman of the SME implementation group, mentioned that some topics in the IFRS were omitted from the IFRS for SMEs, due to its irrelevance and also due to the fact that the ‘diluted’ version will be a simpler option for the SMEs to apply (Nazatul Izma, 2010). The IFRS for SMEs were simplified on the recognition and measurement and the disclosures were also reduced. Brian Blood, the Chief Executive of Confederation of Asian and Pacific Accountants (CAPA) mentioned that the IFRS for SMEs were developed to assist SMEs to prepare and present high quality and timely financial statements and information. Other benefits of SMEs applying the IFRS for SMEs are that the financial reporting is done in a consistent manner and not too expensive to prepare (Nazatul Izma, 2010). Having said all that, the fact is that there is a different set of IFRS for SMEs, therefore, it does not allow for full adoption, but maybe just a mere convergence. James Sylph, the executive director, Professional Standards and External Relations of International Federation of Accountants (IFAC) in a forum in 2012, strongly advocated that national accounting standard setters’ authorities and regulators should move away from the mere concept of convergence to a more profound notion of full-adoption. Page 44 International Journal of Business, Economics and Law, Vol. 1 ISSN 2289-1552 2012 Mohammad Faiz Azmi, MASB chairman, indicated that Malaysia will not require the IFRS for SMEs to avoid an ‘underconverged’ version used by SMEs due to the lack of human resources to implement new IFRS based regulations; therefore MASB is still uncertain about how exactly they should deal with the issue related to SME and IFRS (Nazatul Izma, 2010) MASB together with MIA will have to look into the issue of the readiness of the Malaysian education system to deliver enough trained accountants that are IFRS savvy, as a full IFRS adoption can be burdensome and the human capital need to be created to fulfill this need. Mohammad Faiz Azmi mentioned that MASB is working with enforcers to amend the Financial Reporting Act (1997) to allow making amendments to accounting standards in Malaysia if there are any substantial issues that MASB disagrees with IASB (Nazatul Izma, 2009). This again will give some space for MASB for not to adopt the full adoption of IFRS as there will be some possible avenue to make changes in the IFRS provided by IASB. Companies Act 1965 and Financial reporting Act 1997 are the two most important acts pertaining financial statements reporting in Malaysia. The directors are supposed to be responsible for the preparation and presentation of a true and fair set of financial statements of reporting entities and these directors should be aware and be sure that their entities are IFRS ready.