The Embargo Act Of Cuba Essay - 1420 Words

G’Jasmaree Rodriguez Ms. Wade Economics December 5, 2016 Cuba Position I think that the Embargo act of Cuba should not be uplifted simply because they do not meet the requirements of business in the trade industry. The embargo also known as the blockade signed by President Kennedy Feb. 3, 1962, consist of economic sanctions against Cuba and restrictions on Cuba travel and commerce for all people and business under the U.S jurisdiction (Cuba-embargo.procon.org) and acts of communist powers. It will only benefit the Government of Cuba and not be beneficial to the citizens within the Island meaning that the money of financial gain only supports the Government and overall not the biggest satisfaction of the society in the Cuban Island. The political viewpoint of the perspective is that the United States having more than 75 countries they do trade with around the world, Cuba that only has done trade with just about 7 countries such as companies of Canada, Europe, and Latin America, those countries have not enjoyed economic relationship. I personally think th at their will be no difference if the president was to uplift the act against Cuba they have failed to meet the expectations of deliberately honoring their commitment as a friend or business to relay on. In 2012 Cuba was deeply in debt and owed $13.6 billion although few countries still remain to import and export goods with them. For over 55 years the Unites States has had restrictions hold against Cuba since 1982 theShow MoreRelatedEmbargo on Cuba984 Words   |  4 PagesEmbargo on Cuba The U.S. imposed an Embargo on Cuba on Oct. 19, 1960. Has the time come for the United States to lift the 5-decade embargo? The Embargo on Cuba was a part of America’s Cold War strategy against the Soviet Union, imposed on the basis that Cuba was a threat to the U.S. National Security because of their alliance with the Soviet Union. Although Cuba would like the U.S to terminate the embargo against their country, the U.S. wants Cuba to make their situation a better living environmentRead MoreShould the U.S. Government Drop Its Sanctions against Cuba?1676 Words   |  7 Pagesuse of force as a primary method of international coercion. Cuba is one of the countries considered as a rogue state by the United States and its allies. The emergence of Cuba as a communist country in the western hemisphere in 1960, and the nationalization of a huge amount of US assets in Cuba by the then new regime led to the sanctions against Cuba. However, starting from the end of the 1980’s th e Communist block begin falling apart. Cuba lost its international allies and became helpless both economicallyRead MoreWhy Do We Still Have an Embargo of Cuba?1688 Words   |  7 Pages In the article, â€Å"Why Do We Still Have an Embargo of Cuba?† Patrick Haney explores the history of the embargo and the different factors which have maintained and tightened its restrictions over the past fifty years. The embargo consists of a ban on trade and commercial activity, a ban on travel, a policy on how Cuban exiles can enter the U.S., and media broadcasting to the island. These once-executive orders now codified into law by the Helms-Burton Act, have become a politically charged topic whichRead MoreEssay about The US Embargo on Cuba1077 Words   |  5 Pages The U.S. imposed an Embargo against Cuba on Oct. 19, 1960. Has the time come to the United States to lift the five-decade embargo? The Embargo was a part of America’s Cold War strategy against the Soviet Union, impos ed on the belief that Cuba was a threat to the U.S. since the Soviet Union was a danger to the National Security because of its alliance with the Soviet Union. Although Cuba would like the U.S to terminate the embargo against their country, the U.S. wants Cuba to make their situationRead MoreRelationship between Cuba and the United States1430 Words   |  6 PagesCuban Missile Crisis, Cuba is still a ruthless nation. Cuba has tried to become a peaceful nation. Cuba has resources that are very effective in the rise of a country. Countries like the United States don’t want to trade with Cuba after the conflict. However, this is just a hypothesis. Both countries have been at each other since Fidel Castro came into power in 1959. Castro began a revolution and overthrew Fulgencio Bastista, who was the president of Cuba at the time. Cuba became a Communist countryRead MoreU.s. Relations Between The United States And Cuba843 Words   |  4 Pagesrecent months, the media has been i n a frenzy with the topic of the new emerging relations evolving between the United States and Cuba. This new development, following merely years after Raul Castro was succeeded by his brother Fidel, prompted an inquiry. Why new relations now? Has there been a significant current event to prompt the end to a 50 year embargo? Is Cuba becoming more liberal? Or is the United States merely become more sensible? In essence, we are aiming to unearth the underlying forcesRead MoreShould the United States Lift the Embargo on Cuba? Essay1428 Words   |  6 PagesAmerican international relations with Cuba have almost always been tense. The cold war solidified the growing negative relations, and the embargo embodied it. But now that the cold war is over, as is the Cuban missile crisis, we’re left to wonder if the embargo is really necessary. Should the United States lift the embargo of Cuba? All of the evidence, be it economic, diplomatic, or social, points to yes. We should lift the e mbargo. The United States embargo of Cuba has its roots planted in 1960, 53Read MoreThe Cuban Embargo Essay1331 Words   |  6 PagesThe Cuban Embargo The key to understanding the foreign policy of a nation state is understanding that state’s national interest. The key to successful foreign policy is, as Henry Kissinger stated in 1998, defining â€Å"an achievable objective†. Thus United States policy towards Cuba fails because it neglects these two key ingredients of foreign policy. The US embargo of Cuba is four decades old and no longer serves the country’s national interest, rather it has proven to be a economic andRead MoreCuba And The United States1610 Words   |  7 PagesIntroduction A lot has gone on between the United States and Cuba between 1959 and 2015. In 1959, Cuba and the United States cut off diplomatic ties. On December 17, 2014, the United States and Cuba announced that they would restore diplomatic ties. Diplomatic ties is defined as â€Å"The art or practice of conducting international relations, as in negotiating alliances, treaties, and agreements† by The Free Dictionary. This means that two countries work together and with other countries to talk aboutRead MoreCuba And The United States1610 Words   |  7 PagesIntroduction A lot has gone on between the United States and Cuba between 1959 and 2015. In 1959, Cuba and the United States cut off diplomatic ties. On December 17, 2014, the United States and Cuba announced that they would restore diplomatic ties. Diplomatic ties is defined as â€Å"The art or practice of conducting international relations, as in negotiating alliances, treaties, and agreements† by The Free Dictionary. This means that two countries work together and with other countries to talk about

`` The Influencing Machines `` - 924 Words

Have you ever gotten lost in the Internet, swallowed by the constant updates on Twitter and Facebook for hours, when you only meant to be on for a few minutes? This is a constant battle in our society and technology changes and our use of it increases. It is becoming a bigger issue every day, and now it affects one of our basics psychological needs: sleep. Though I concede with Brooke Gladstone, author of â€Å"The Influencing Machines† that we can adapt to technology as it grows, I still insist that some issues that arise with technology are bigger than Gladstone portrays and we need to find solutions for some of the bigger problems that technology creates, especially when it disturbs a basic psychological need. Sleep is a huge part of our lives. On average, we need anywhere from 7-10 of sleep, depending on age. However, few people, especially students, actually get the amount of sleep they should be receiving every night. You might be wondering, its only a couple of hours, w hy is this a big deal? Actually, sleep deprivation can have a huge impact on your day. According to the article â€Å"The Cure for Brain Fog† by Toni Gerber Hope, â€Å"lack of sleep has such a profound effect on our brains, making us forgetful, unable to concentrate, grumpy, accident-prone or clumsy†. Anyone who has lost sleep has felt these symptoms and they occur even slightly if one gets less sleep than necessary. There are many diagnoses for sleep deprivation but I believe that the rising issue is technology.Show MoreRelatedInfluencing Machine : Brooke Gladstone And The Media1451 Words   |  6 PagesBrooke Gladstone once said in her work titled Influencing Machine: Brooke Gladstone and the Media is that â€Å"in 2004, the National Endowment for the Arts released a study the found fewer than half of Americans read literature. It blamed the prevalence and passivity fostered by T.V., radio, recordings, video games and the Internet† (Gladstone 274). Since the n not much has changed in the past twelve years Americans still spend more time paying attention to pop culture media than they do their historyRead MoreA Good And Healthy Nutrition Is Essential For Your Health1442 Words   |  6 PagesBureau of Statistics show that the teenagers are the main charge in unhealthy eating dominated by the fast food. (Australian Bureau of Statistics, 2015). 2.0 Objective This report shows how healthy MSHS community by determining the influencing factors. The influencing factors of a healthy balanced diet includes external environment, lifestyle and the personal choices. The aim of this report is to impose new strategies to improve good eating habits of the students in MSHS community. By decreasingRead MoreTechnology Has Changed Our Lives1396 Words   |  6 Pagesto make life simple for humans. However, scientists and engineers refused to stop the creation of such a simple computer. They are looking for what circuits and wires may produce extreme boundaries. Faster is better and scientists came up with a machine that can do the same to a normal time of 2-3 times the work. Today, technology has reached a high. It has become an important role in society. Worldwide, the computer refuge in households, businesses, and even schools. A computer can be one of man’sRead MoreArgumentative Essay On Technology1058 Words   |  5 Pages Year by year, day by day, and minute by minute, machines are expanding. They have grown so much that this day in age, everyone is technology-dependent. The simplest tasks have become broken in our minds and we almost always use technology as our crutch. Both scientists and the average person have played a part in making technology what it is today. Whether its an astronaut using a robot arm in outer space or your neighbor, using their GPS to find their way to work, nearly everyone on Earth usesRead MoreBusiness Evaluation And Its Solution1239 Words   |  5 Pageshelps you reduce capital spending by server consolidation and reduce costs through automation, while minimizing lost access by reducing both planned and unplanned downtime. Business evaluation and its solution: When running virtual applications on a machine, it helps in reducing the hardware and operating costs, simplify it, the company Application Management. Complex virtual environments require new holistic approaches to traditional IT services such as performance debugging, capacity planning, changeRead MoreHank Kolb Case773 Words   |  4 Pagesfollowing are the problems that Kolb’s production line has to address: 1. Personnel - the operator of the filling equipment is not suitable for the job because of lack of knowledge and proper training 2. The filling equipment – the machine is not particularly designed for filling the Greasex cans. It was originally made for other purpose. 3. Maintenance – there is no definite schedule of preventive maintenance for the filling equipment. 4. Purchasing – agents from purchasingRead MoreEssay about Maximizing Production in the Food Industry1580 Words   |  7 Pagesas food safety, skills of handwashing, policy and skills of using certain machines, will help new employees to fit in work quickly and reduce the chances of operational error. Based on what we learned in class, improvements in design and operation of kitchen equipment is one of the applications of productivity improvement. Continued vocational training can inform employees the updated information about computerized machines, menu, new policy and regulations and customers’ feedback as well. AdjustmentRead MoreHow Technology Can Improve The Human Bodies986 Words   |  4 Pagesadjusting their nutritional input, but with the cost of missing some of blue or green perception. It is important to consider the factor of sacrificing certain qualities and special trainings for the improvement of oneself as simply implanting a machine in the body d oes not immediately gives one incredible abilities. Modifying a runner by putting high quality blades does not instantly turn him or her into a superstar runner- the underlying precondition of fitness and talent are still fundamentalRead MoreEthical Issues Involving Information Accounting1193 Words   |  5 Pagesaccountants. However, information technology has not cleared-up ethics in accounting. The machines and software used in accounting are not self-governing. They require human knowledge to create, maintain, and operate. So they are vulnerable to manipulation. Therefore, ethical issues in information technology in accounting concern the moral values and judgements of the individual handling the machines and the technological integrity. It is, therefore, important that accountants adhere to highRead MoreNoise characterisation is a critical research area for varied domains and applications. The domains800 Words   |  4 Pagesengineering situations, machines are mounted on flexible structures such as the ships deck, aircraft fuselage, car or train chasis, building floors etc. When in operation machines may transmit noise and vibrations to the receiving structures, causing unwanted noise and vibration problems close to remote from source location. In recent years, noise has become a major factor in influencing the marketability and competitiveness of industrial products such as cars and washing machines, as evidenced by advertising

Essay for Historical and Socio-Political Context - MyAssignmenthelp

Question: Write about theEssay for Historical and Socio-Political Context. Answer: Introduction Isaiah 6 contains some radiant imagery, spiritual depth and passion that drive the calling of God amongst the souls of the believers, particularly in the opening eight verses in this chapter. However, the mood of the chapter swiftly alters when Isaiah 6:9-13 commences on documenting Prophet Isaiahs declaration of despairfor his native soil from the eighth century, containing particular forewarnings of Gods intention of removing the spiritual awareness of His people. This numbing of spiritual consciousness of his people turn out to be significant for the Jews and Christians of the first century as Christs presence and His testimony institute the New Covenant of the Lord God with believers. Judah is warned by the Isaiah 6 about the coming of the misery and documents Gods encouragement of obstinacy that is highlighting the association amongst redemption and understanding in the salvation process[1]. Historical and Socio-Political Context The Book of Isaiah has 66 chapters that record the communication of God with His disobedient people. It illustrates Israels denial of heeding Gods will due to their self-will, pride and rebellion for establishing government on their terms. The initial six chapters depict God's decision to bear upon Jerusalem and Israel; however, it carries on recording Israel's struggle in achieving radical authority fighting in opposition to Gods help, which directs to Cyruss arrival from Persia for rebuilding Jerusalem and the Temple. An Isaiah 6 act as a climax to Judahs dilemmas recorded in Isaiah 1-5, and overpasses the Lord of hosts for becoming the Holy One of Israel[2]. Book of Isaiahs assumed author is Prophet Isaiah, son of Amoz,from Jerusalem. The narrative can be easily dated back to the eighth century due to the several historic references all through the Book of Isaiah. Although many scholars from the early church to today believe Chapter 6 of Isaiah for being in the seamless situation for bridging 1-5 with 7 forwarding in a specific sequential sequence, debates are there about the position of Chapter 6; however, for exegesis purposes, the arguments seem largely insignificant. One significant consideration in Isaiah 6 exegesis is the avoiding of the inclination for breaking the narrative into two sections, where Isaiah 1-8 leads to Isaiahs commission and 9-13 publicizes the coming spiritual despair of God people. Isaiah 6, interpreted as one unit, is vital for fully developing Gods revelations via the Prophet and the book[3]. Literary Context Isaiah 6 is a narrative monologue in the first person and datable, connecting chapters 1-4 in a link with chapters 7-35. This is the second instance when Isaiah asks for celestial power while he states the situation of divine despair that would come in contradiction of the land. Thematically, Isaiah 6:1-4 elaborates Isaiahs visualization of the Lord God and has a claim of specifying with exact words from God emanating from a personal happenstance. Isaiah faces a perception of dishonor in 6:5-7 and Gods commission receipt in 6:8-13 in a similar structure of other Old Testament call stories that are comprised of celestial opposition (6:1-2), preparatory word (6:3-7), objection (6:11a), commission (6:8-10) and reassurance (6:11b-13)[4]. In the middle of Isaiahs book comes the call to Isaiah to be the minister of the unruly nation and gives rise to debate via its curious lateness. However, when chapter 6 is considered as the start of a renewed sequence of divinations that are liberated o f the previous chapters 1-5, but spanning in the direction of the subsequent set of divinations, the call of Isaiah for ministering Israel turns out to be intensified and vital to the thematic expansion of the book. God even refers to Israel as a woman, implying that the idea of a belief and practice system influences other people. Isaiah also mentions how he saw God in a robe, similar to brides, filling the temple with his importance and splendor. It must be taken note of that certain scholars declaration that verses 6:12-13 were added later in the sixth century and occasionally disregarded them due to this possibility. Irrespective of that, the focused content that leads to Isaiahs call cannot be ignored, evident from the words of Isaiah in chapter 6[5]. Literary Structure The introductory verse of Isaiah is a superscription that demonstrates the essayist, day and age and topographical scenery of the book. This informational indexes the stage and exhibits a mind blowing course of action about the present substance. In any case, we are told this book is the in perspective of the predictive revelation of Isaiah and like this is set up in the statements of an authentic person. Prophets are those called by God to communicate with God, appropriately the communication of Isaiah must be seen as God's communication to his kinfolk. Second, the peruser takes in the scenery is the Southern Kingdom of Judah, Jerusalem especially, in the eighth century BCE. This positions the communication of Isaiah in a period and reside where the Southern Kingdom was under actual peril from the Assyrians who had to start at now corresponded the Northern Kingdom[6]. Isaiah is mainly made in the lifted talk of the smooth tongue; nevertheless, there are enter passages written in com position. Despite the superscriptions, a considerable amount of segments 6-8 is trite as they diagram the commission of Isaiah the prophet nearby his relationship with Ahaz, leader of Judah. Whatever is left of the book is prophetic verse. The greater part of this material shows up as free creative units that address specific issues or get-togethers of individuals. This has driven some to delineate the style of Isaiah as anthological in nature. This collection of forecasts displays consecutive and furthermore topical groupings while keeping up a general free structure. Commentary Isaiah 6 is stacked with various applications for Christians. Isaiah's soiled lips exhibit that when the remaining among others of mischievousness, the chaotic situation is appropriate to stumble upon even the most dedicated to God. The system of significant care and perception is fundamental upon the eyes, ears, and heart. God controls these three resources; it is His ease that opens them for His important message to be gotten. Moreover, God closes these resources down to keep the defiant from getting his lessons and style. The Lord Jesus Christ is conscious of this situation brought upon the insubordinate, and cases His lessons to His supporters to give them fresh extraordinary cognizance without disclosing the same to those God has conveyed obstinacy upon[7]. In reality, even today, the condition of obstinacy shields Jewish exegetists from accomplishing the Christian cognizance of expectation in matters like enclosed in Isaiah 7:14 about the imminent virgin birth of Christ, and th e foresight Christ's hopelessness in Isaiah 53. It seems, by all accounts, to be surprising that the events of area 6 are represented where they are rather than toward the beginning of the book. The essential verse of section 1 speaks Isaiah's vision. It would give off an impression of being appropriate for Isaiah's call to be represented in area 1 as opposed to section 6. Regardless, I cannot resist presuming that Isaiah's work in areas 1-5, censuring Judah's transgression and advised of judgment, was essential to arrange Isaiah for the startling that he experiences to a limited extent. Partially inside seeing Yahweh's blessedness, he unexpectedly sees his ungodliness[8]. Theological Reflection Isaiah 6 is stacked with important extraordinary lessons that outfit followers with cognizance of the greatness of God, His will for His People, and the decimation that disobedience to Him brings. Change exegesis provides Christians a significant cognizance of Scripture, particularly in the zones of supernatural learning and understanding noteworthiness in the redemptive method that brings salvation[9]. The assertion and lessons of Christ are consistently unnoticed; a distinct impression of blinded eyes, deadened hearing, and cemented hearts can be seen of those that discard the communication of Christ. Frankly, it shows up a moderate pointless activity and pushes to an eyewitness to those under such a condition. If God had not opened the eyes to see, the ears to tune in, and the heart to see, then He has not adorned them with certainty. Short of trust in the Lord Jesus Christ, redemption cannot be gotten. Recuperation would never go to a man with such a great decimation made by the situation of obstinacy that is a man; if God has put that significant smothering, and then no measure of seeing of the Gospel of Jesus Christ would eliminate it[10]. Conclusion On a concluding note, Isaiah 6 presents Christians both comprehension of the expulsion of Christ by most Jews who persist blinded and in need of a hearing aide to God's Truth. Nevertheless, it in like manner controls our own particular seeing attempts, to see that however, the Lord Jesus Christ came to propose redemption to humankind; it is very reliant on whether that Good News could be gotten. Isaiah 6 exhibits to us that God is finally in charge of that method. It is His class, and His magnificence alone, that chooses the giving of certainty and perception to a follower. With that certainty valve turned on, eyes can see, ears can tune in, and hearts can get it. However, those of defiance, those that pick symbols over God, and those that stay amongst the disgusting and share in their actions won't have the capacity to perceive and get Christ's recuperation; they may be met all requirements to get His decision on that evil and decimate day to come. Reference List Grogan, R.G.W., 2017.Isaiah. HarperCollins Christian Publishing. Kaiser, O., 1983.Isaiah 1-12: a commentary. Westminster John Knox Press. Lafferty, T.V., 2012.The Prophetic Critique of the Priority of the Cult: A Study of Amos 5: 21-24 and Isaiah 1: 10-17. Wipf and Stock Publishers. Motyer, J.A., 1993.The prophecy of Isaiah. Inter-Varsity. Motyer, J.A., 2015.The Prophecy of Isaiah: An Introduction Commentary. InterVarsity Press. Oswalt, J., 1998.The Book of Isaiah, Chapters 40 66(Vol. 23). Wm. B. Eerdmans Publishing. Seitz, C.R., 1993.Isaiah 1-39. Westminster John Knox Press. Watts, J.D., 2005.Isaiah 1-33(Vol. 24). NELSON/WORD Publishing Group. Wildberger, H., 1991.Isaiah: Isaiah 1-12(Vol. 1). Fortress Press.

Off Balance Sheet Financing Practices free essay sample

OBSF is most of the times used by business enterprises to maintain their leverage or gearing positions in such a way which would not have any negative implications on the company. In the business world of today, OBSF is recognized as an important means for raising finance by means of operating leases, joint venture and collaborations with respect to Ramp;D. Following Off Balance Sheet Financing method results in significant variations in the overall financial reporting of an entity. Considering the changes in accounting and financial reporting requirements, it is generally expected that the companies using these technique will be more able to run their operations efficiently. However, keeping in view the case of off balance sheet financing and accounting in this respect, it is argued that while using OBSF companies are able to not disclose entirely the financing of their capital expenditures and thus the information required to be disclosed in this respect is not made available to the interested parties (Tyrrell 1986). We will write a custom essay sample on Off Balance Sheet Financing Practices or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This report discusses this area of accounting and explains how OBSF is actually promoted by the market economies and the expectations of increased profits from the companies. The usage of off balance sheet accounting and financing is not new. In the beginning of 20th century, this concept of managing a company’s balance sheet gained fame and the banking and other corporate sector applied this technique in their best possible interest with the main objective of keeping their balance sheets light weighted. Apart from a benefiting role played by the off balance sheet ccounting techniques, there are some serious consequences which are often associated with the application of this concept. As for instance, it is argued that among many other reasons, the practices of off balance financing and accounting also had a significant share in the recent financial downturn (Allen, et al. 2002). In this regard, Enron would be a good example to look upon. While striving for a healthy outlook o f Enron’s balance sheet, the management made use of special purpose entities with the objective of making large transactions which would not appear on the balance sheet of the company. This resulted in a healthy balance sheet outlook with huge of amounts of capital inflows but at the expense of nothing. However, this bubble of progress did not last long as the company’s stock prices started fluctuating sharply and consistently. These events created a sense of being not informed entirely about the company’s operations among the investors and after the Enron’s climax, the regulators jumped in with Sarbanes Oxley Act 2002. The Act was aimed at securing the investments of investors and introducing regulations with respect to corporate social responsibility. But these checks proved to be ineffective upon the emergence of the financial crisis in 2008 (Hall and Liedtka 2007). Increase in the global competition and more expectations from the investors and shareholders to maximize their value of investments are regarded as the driving forces in the market which influence management to improve the financial picture of a company. In addition, these expectations pose pressure on the management to find ways which may result in better presentation of the financial statements and improved earnings (Boot and Thakor 1991). The Banking sector in particular and other sectors in general are mostly seen following this approach. As for instance, there has been observed a trend of investing in such portfolios and instruments which are regarded as high risk investments. But the intention behind this is to improve or strictly stating ‘inflate’ the earnings of an enterprise without having regard to the riskiness of such investment decisions and the fact that the stakeholders of the business need justification of such improvements in the performance in the form of financial statements disclosures. For the purposes of obtaining security on the risky investments, corporations tend to enter into complex third party arrangements which cannot be disclosed in the financial statements. Apart from this, one other motivating factor which is regarded as the major reason behind this approach of management is that they have their own interests and objectives. As for instance, managers are better off in their performance appraisals when the company is showing profits consistently (Boone and Raman 2001). The practices of off balance sheet financing and accounting, as stated earlier, comprise of operating leases, joint venture and collaborations with respect to Ramp;D. Among these options, operating lease holds special importance and is given more consideration by the management due to the fact that they require minimum disclosures in the financial statements and are usually for a long term. Lease accounting is covered by IAS 17, SSAP 21 (UK) and FAS 13 (USA) (McGerty 2004, Lim, Mann and Mihov 2005). Prior to the formulation of these accounting standards, there were no obligations on the companies to disclose in their financial statements the future payments related to lease and therefore leasing was recognized as an off balance sheet financing technique. Apart from leasing techniques, there are various other methods being employed by different companies to move certain items off the balance sheet of the company. The use of off balance sheet techniques has been used to manipulate things. The most commonly used techniques to manipulate the financial information presented in the balance sheet of a company include swaps, variable interest entities (VIEs) and Special Purpose Entities (SPEs) (Ketz 2003). Although these tools have been used by companies around the world for different purposes which are mostly disclosed and transparent but the misuse of these tools has been also observed frequently by way of not disclosing the true facts. This practice has caused major setbacks to the global economy and also shattered the confidence of shareholders and investors (Hall and Liedtka 2007). As for instance, the collapse of Lehman Brothers is argued to have resulted due to off balance sheet approach followed by the company. In order to narrow down its balance sheet, Lehman Brothers moved its assets worth US dollar 50 billion from its balance sheet with the objective of portraying less amount of debt in the balance sheet (Rezny 2010). Keeping in view the above discussion and the facts stated related to the real world cases, it can be said that it is high time for the respective authorities to take measures in relation to this area of financial reporting. It is recommended that the governmental authorities and other financial reporting standards issuing bodies shall intervene appropriately through the right channels to ensure transparency in the financial reporting. Apart from this, the board of directors of corporations shall standardize the decision making processes and perform an effective oversight duty. In addition, it shall be made obligatory for business enterprises notwithstanding the sectors into which they fall, that every transaction shall be disclosed appropriately in the financial statements. Furthermore, the managers shall be motivated not pressurized to perform in the best interest of the organizations (Adams 1998). While concluding this report, it can be said that applying off balance sheet accounting and financing, whether for a good or evil purpose, has become necessary due to the increased expectations of the investors and shareholders related to the profitability of a business concern and also for the purposes of improving the financial statements overlook. Moreover, the lack of regulatory measures in this respect also has its share in promoting the adoption of this approach. Apart from this, it can also be stated that the benefits resulting from off balance sheet accounting are also considered as a means of attaining hidden objectives by managers which in turn motivates them to misuse the concept and benefit from the regulatory loopholes. For the purposes of addressing these issues, it is pertinent that the regulatory authorities who are responsible shall make such arrangements which may promote such financial reporting practices which are more representative of the facts. In addition to this, the disclosure requirements related to off balance sheet accounting and financing activities are required to be revisited.