The Issue Of Stem Cell Research - 1675 Words

What once was science fiction has become today s science reality. In this age, one can replicate many types of specific cells, such as blood, brain, tissue or muscle cells from a single stem cell. These stem cells, in theory can be used to heal or replace damage cells in our bodies thus curing us of certain diseases. These stem cells are the basic cells to develop any type of organism and its research is not allowed without incredible controversy. As one might imagine, such potential power has been seen as unethical and violating some of religion s most fundamental beliefs. Who are we to play God? and At what stage in development is a life considered a life? are two very common controversies surrounding stem cell research. Despite†¦show more content†¦Despite different views about stem cell research, on the scientific and technical level stem cell research does not breach ethical values. Many stem cell methodologies now circumvent embryo death which is at the forefront of th is ethical debate. In a process known as in vitro fertilization, â€Å"researchers mix a man’s sperm and a woman’s eggs together in a lab dish. Some of those eggs become fertilized and begin developing† which are then â€Å"implanted into the woman in hopes that she becomes pregnant† (CIRM). After the woman becomes pregnant and a family is started, the couple is given options in regards to the remaining embryos. They can â€Å"continue paying to store the embryos or they can defrost the embryos which destroy them or they can choose to donate the embryos for adoption. [They] can also choose to donate the frozen embryos for research† (CIRM). Embryonic stem cells collected in this way through in vitro fertilization may be viable alternatives to proceed with stem cell research. This very sensitive issue can thus be ethically remediated. In vitro fertilization might still raise some ethical alarms but there are certainly more methods that completely avoid the destruction of any embryo. For example, in altered nuclear transfer (ANT), an embryo is not created at all. Instead, â€Å"A derivative of somatic cell nuclear transfer (SCNT), the nucleus of the somatic cell (any body cell other than an egg) is

Xerox Financial Fraud Case Analysis Essay - 1620 Words

Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th, 2002, the Xerox Corporation (Xerox) announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter, its financial fraud became surfaced. On June 28th, Xerox Corporation in accordance with the requirements of the settlement, submitted the unaudited 1997-2000 restated annual financial statements to the SEC, and recognized fraud interest income of $6.4 billion, pre-tax profit of $1.4 billion (SEC thought that should be $1.5 billion) during this period, which sparked†¦show more content†¦Lured by the huge profits, KPMG who providing the accounting services for many years has surrendered its violations, lose the principles in the front of professional standards and ethics. Fraud Analysis: The case of Xerox involved the accounting operating practices can be summarized into two main categories: advance to confirm rental income and the use of illegal ready adjustment of profits. 1. Advance to confirm rental revenue. The greatest means of fraud accounting profit is to use the sales-type leasing. Before the lease beginning date to confirm the lease-related revenue, Financial Research – The Xerox and to make the current profit targets meet with Wall Streets expectations. In addition, Xerox specifically adopted the measures of return on equity and profits standardized to 5 overestimate the fair value of the leased asset. If the given book value of the leased asset, its fair value is greater, then the recognized sales profits with inception of the lease period will be greater. â€Å"The commission alleged that Xerox management accelerated the revenue recognition of leasing equipment over a four-year period by more than $3 billion, and inflated pre-tax earnings by $1.5 billion, to meet or exceed Wall Street expectations and hide its true operating performance.† 2. Manipulation of various violation of reserve. This is the second greatest Xerox accounting fraud measure. In the U.S. capital markets, variousShow MoreRelatedFinancial Statement Frauds29904 Words   |  120 Pages2002:53 Financial Statement Fraud - Recognition of Revenue and the Auditor’s Responsibility for Detecting Financial Statement Fraud - Tiina Intal and Linh Thuy Do Graduate Business School School of Economics and Commercial Law Gà ¶teborg University ISSN 1403-851X Printed by Elanders Novum Abstract Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statementRead MoreThe Sarbanes Oxley Act Of 20021356 Words   |  6 PagesFinancial Statement Fraud Over the past decade the world has been taken by surprise by the numerous accounting scandals that have occurred, for example, Enron, WorldCom, Tyco, Xerox, and Global Crossing (Suyanto, 2009, p. 118). 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Consumer Durables and Nondurables Free Essays

Analysis The definition of consumer durables and nondurables Consumer durables involve many kinds of products that is purchased by consumers, it is manufactured for long-term use. Such as: car, furniture and so on. But consumer nondurables are opposite. We will write a custom essay sample on Consumer Durables and Nondurables or any similar topic only for you Order Now It is expendable goods purchases by consumers for their daily or short-term use. Such as: clothing, shoes and so on. The characteristics of consumer purchase Because of consumer durables has long-term use, and comparing with consumer nondurables, price is higher, so consumer purchase behavior is more cautious. There are some reasons. First of all, much more selectivity cause consumers are hard to make decision. Secondly, because of there are a lot of different brand, so they will carefully compare the various brands of cost performance, generally, consumer focus on the quality, service, and brand reputation. Finally, consumers can not buy from nearest store, they are willing to go to large scale shopping malls. But consumer nondurable is opposite. There are some features of consumer nondurables. Because of nondurables goods are short-term use, it can be daily product, such as towels, soap and so on, so consumer is willing to buy those at nearest store. Also, it can be visual product, when consumer decide to buy it, they might be affected by packing and store’s ambience, which means consumer can make decision easily. On the other hand, consumer has less loyalty for brand, they usually change same product with different brand. So we can sum up some features about consumer purchase habit, which are easy, fast, impulsive and emotional. Main characteristics of market Consumer durables: For product advertising strategy, company usually focus on product exhibition and display as much as possible, also they must have a large scale warehouse for inventory Consumer nondurables: For advertising strategy, Company is willing to choose outdoor billboards in the down and some crowded place, or promote on the internet. They don’t need large size warehouse for inventory. How to cite Consumer Durables and Nondurables, Papers