The effect of the Land Mortgage Loan Policy on the Efficiency of Dissertation

The effect of the Land Mortgage Loan Policy on the Efficiency of Chinese Farmers during 2003-2010 - Dissertation Example Setting up of schools, hospitals, emergency services like fire and other within short interval of places so as to provide the amenities to a larger number of people. One of the basic requirements for beginning mordernisation is industrialization. Industrialization triggers the process of mordernisation. With the setting up of industries for the commercial interests of the company, the factory units and the ancillary units would be constructed. Other important public amenity units like schools, houses, hospitals and shops would be built along with connecting roads and developed transport systems. Such building up of infrastructure fastens up the procedure of mordernisation. With globalisation, spread of the multinational companies all over the world, individuals are moving to different corners of the world for varied purposes like working, studying, treatment, settling down in better places and many more. As a result individuals now are more global citizens with presence in different countries. The People’s Republic of China is one of the most popular and highest ranking nation in the world. With the largest land area cover and a mighty population China has rapidly developed over the years to reach to the peak of success. China has been accommodating the largest population in the world; as a result, there has been a huge demand for the land for making houses. In order to restrict this trend, China has tightened its mortgage rule. 1.2: Research Aim Owing to the immense popularity of China, its phenomenal development and the ever increasing demand of land in China, the primary intent of this particular research paper is to find out the effect of land mortgage loan policy on the efficiency of the Chinese Farmers from 2003 to 2010. 1.3: Research Objectives Taking cue from the primary research aim of this paper, a few research objectives has been formulated. The research objectives are not something very different from the decided aims but instead it complemen ts the research aim. The assumed research objectives of this research paper are: To ascertain the significance of Chinese agriculture in last ten years To ascertain the challenges pertaining to the Chinese agriculture system and impact on farmers To analyse the impact and effect of financial support system on Chinese agriculture To ascertain the financial framework in the context of Chinese agriculture 1.4: Research Questions In order to attain the objectives of this research paper, it would be guided by a few questions which are as follows: What is the significance of Chinese Agriculture from the period 2003-2010? What are the challenges of agriculture in China and did they affect the farmers? What is the current financial support system for Chinese agriculture? What is the change and impact of current financial system on the Chinese agriculture? 1.5: Background of the Research In the recent years, the Chinese government has been adopting a number of policies with the aim of improv ing the rural areas and assisting the growth of the rural areas. The People’s Republic of China has been growing at a tremendous rate with its varied achievements in the different sectors. The entire economy of the People’s Republ

International Accounting Standard 19, Employee Benefits Research Paper

International Accounting Standard 19, Employee Benefits - Research Paper Example This paper will also focus on how to improve the financial reporting regarding the pension benefits and identify the main problems in the current financial reporting system for pension. IAS has issued several directives on employee benefits. Employee benefits can be subdivided into short term, long term, post-employment and termination benefits. The new IAS 19 is a great achievement because it offers many advantages to the employees. On the other hand, it also suffers from certain disadvantages, which can be mitigated in due course of time with suitable amendments. Roadmap: The paper first deals with the IAS 19 frameworks and explains the standards of IAS 19 relating to employee benefits. IAS 19 is the framework for evaluating the employee benefits. Then the paper takes up the controversies in IAS 19 standards relating to various schemes especially pension related issues. The next discussion segment in the paper is the old IAS 19 standards and the latest IAS 19 standards. The last di scussion segment is the latest amendments made in the IAS 19 standards. The papers dwell not only on the latest amendments but also such amendments which have been proposed to be implemented. All specific points relating to the IAS 19 have been stated considered in the paper. Evidences taken to support the ideas projected in the paper have been provided as references. Lastly, appropriate conclusions have been drawn and stated in the paper. Subheadings with specific points supported by evidence The IAS 19 framework: Under the wide term of IAS 19 come all employee benefits which include short term, long term, post employment, retirement, termination and compensation benefits. The short term employee benefits can be categorized as salary and bonus payments, paid and unpaid leaves and other short term non monetary benefits like medical and housing facility etc. The long term benefits include the employee’s long term leave and service benefits. The main aspect in IAS 19 is the pos t employment benefit section or to be more specific, the subject of pension. IAS 19 is the direction provider to post employment and post retirement benefits and pension benefit is one of the most important post employment benefits. Controversies in IAS 19: IAS 19 became a controversial standard and one of the main reasons for this was that the accounting standard for pension was not correctly adhered to. IAS 19 is an accounting standard which covers the reporting of all employee benefits and the most debated topic is the discussion on pensions, especially the employer sponsored, defined benefit pension plans. Pension plans can basically be divided into two categories. It can either be a defined contribution or a defined benefit plan. In the defined contribution plan the employer has to bear a lot of expenses because the unfunded benefits are usually recorded as a liability in the balance sheet. â€Å"Under IAS 19 recommendations, unfunded benefits are to be recorded, as a general rule, as liabilities in the balance sheet of the sponsoring employer. In defined contribution plans, the employer’s annual contribution under the terms of the occupational plan should be recognized as an expense.† (Yermo& Stewart, 2007, P.48). IAS 19 has been subjected to several amendments but still organizations have been incurring high losses due to several reasons. IAS 19 has