Definition of Salon

Salon, derived from the French word salon (a living room or parlor), means a conversational gathering. Usually, this is a select group of intellectuals, artists, and politicians who meet in the private residence of a socially influential (and often wealthy) person. Pronunciation: sal ·on The Gertrude Stein   Numerous wealthy women have presided over salons in France and England since the 17th century. The American novelist and playwright Gertrude Stein (1874-1946) was known for her salon at 27 rue de Fleurus in Paris, where Picasso, Matisse, and other creative people would meet to discuss art, literature, politics and, no doubt, themselves. (noun) - Alternately, the Salon (always with a capital S) was the official art exhibition sponsored by the Acadà ©mie des Beaux-Arts in Paris. The Acadà ©mie was begun by Cardinal Mazarin in 1648 under the royal patronage of Louis XIV. The royal Acadà ©mie exhibition took place in the Salon dApollon in the Louvre in 1667 and was meant for only members of the Academy. In 1737 the exhibition was opened to the public and held annually, then biannually (during odd years). In 1748, a jury system was introduced. The jurors were members of the Academy and previous winners of Salon medals. The French Revolution After the French Revolution in 1789, the exhibition was opened to all French artists and became an annual event again. In 1849, medals were introduced. In 1863, the Academy exhibited the rejected artists in the Salon des Refusà ©s, which took place in a separate venue. Similar to our annual Academy Awards for Motion Pictures, the artists who made the cut for that years Salon counted on this affirmation by their peers to advance their careers. There was no other way to become a successful artist in France until the Impressionists courageously organized their own exhibition outside the authority of the Salon system. Salon art, or academic art, refers to the official style that the juries for the official Salon deemed acceptable. During the 19th century, the prevailing taste favored the finished surface inspired by Jacques-Louis David (1748-1825), a Neoclassical painter. In 1881, the French government withdrew its sponsorship and Socià ©tà © des Artistes Franà §ais took over the administration of the exhibition. These artists had been elected by artists who had already participated in the previous Salons. Therefore, the Salon continued to represent the established taste in France and resist the avant-garde. In 1889, the Socià ©tà © Nationale des Beaux-Arts broke away from the Artistes Franà §ais and founded their own salon. Here Are Other Breakaway Salons Salon des Aquarellistes (Watercolorists Salon), begun 1878Salon de lUnion des Femmes Peintres et Sculpteurs (Women Painters and Sculptors Union Salon), begun 1881Salon des Indà ©pendants, begun 1884Salon des Graveurs (Printmakers Salon), begun 1900Salon dautomne (Fall Salon), begun 1903Salon de lÉcole Franà §aise (French School Salon), begun 1903Salon dHiver (Winter Salon), founded in 1897, first exhibition 1904Salon des Arts Dà ©coratifs, begun 1905Salon de la Comà ©die Humaine, begun 1906Salon des Humeuristes begun 1908

Social Media Produces Anxiety And Stress Because It Creates

Social media produces anxiety and stress because it creates pressure to maintain an identity and live up to certain standards. However, social media is not recognized as a real issue in young people because of the lack of attention from medical professionals. In this paper, I will analyze and gather research from multiple scholarly articles that give their opinion on social media and anxiety. Firstly, I will look at social media and anxiety from a medical point of view I will then collect information that suggests that social media is causing multiple feelings of stress, low self-esteem, and the faà §ade or fake lifestyle which will put pressure on young people today. Social media and anxiety are extremely relevant to today’s society. It is†¦show more content†¦Davey’s research supports a medical article by psychologist Kerkar Pramod. Pramod explores that Social Media Anxiety Disorder is an actual, very real diagnosis for which we can receive treatment and eve n recovery tips. He asserts that this disorder contributes to other serious mental illnesses such as depression (Pramod). Acknowledging the disorder is helping many understand it as a vital factor of their stress, loneliness, and anxiety. Pramod and Davey both show the severity of what this addiction can do in their articles. Davey examines the effects of social media and anxiety and explains the loneliness aspect of it (Davey). Yet, Pramod has identified the causes and symptoms which suggest several professionals, including psychologists are aware of the illness (Pramod). However, whilst few acknowledge the disorder, there does seem to be an overall lack of attention from most medical professionals. For example, the â€Å"Diagnostic and Statistical Manual of Mental Disorders† written by the American Psychiatric Association is the complete categorization and analysis of every mental disorder (Oquendo, et al). The DSM neglects to present a particular disorder known as the â€Å"Internet addiction disorder†. Because there is no category in their latest manual of DSM-5, 2013, which is the most commonly used sources for psychiatrists, the disorderShow MoreRelatedThe Rise of Anxiety Disorder Essay1049 Words à ‚  |  5 Pagescurrent population is anxiety disorders. It is evident that there is a rise of anxiety disorder among the Western World. There are three main factors that contribute to this, they include our education system, technology and media, and the treatment and decreasing criticism anxiety patients receive. In recent years, it has become a well noted fact that the education system has become in many ways tougher, for better or for worse. Nevertheless, for anyone susceptible to an anxiety disorder, school oftenRead MoreSocial Media And Society Essay1520 Words   |  7 PagesGabriella Martinez Ms. Cooney English CP10 30 October 2017 Social Media and Society Nayeli constantly checks her phone throughout the day. Uploading pictures to social media is what she revolves her mood around. If she doesn’t get as many likes or comments, it really brings down her mood. She follows a large amount of celebrities, especially ones who have gotten all types of surgery. One day, she soon started to realize that she didn’t look â€Å"as beautiful† as the models she was following. She thoughtRead MoreEating Disorders : Anorexia Nervosa, Bulimia, And Binge Eating1453 Words   |  6 PagesEating disorders can be life-threatening conditions that can affect a person’s physical health, and emotional. Something that serious has people wondering what exactly is causing these people to risk their health on it? 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Emission Allowance for Intangible Assets- myassignmenthelp.com

Question: Discuss about theEmission Allowance for Intangible Assets. Answer: Introduction Absence of acceptable accounting rules to be used in measurement of the emission has not at any point hindered extension of the market (Paul Burks, 2010). Such absence is mainly as a result of different applications as well as the ambiguous natures of the emission allowances. Emission allowance is basically very significant for implementation of Emission Trading Scheme. This is usually the market-based scheme which is developed with an aim to control any carbon emission and to accomplish environmental objectives which Europe is committed to achieve under Kyoto Protocol. The While accounting for emission assets one is required to ensure whether these emission allowances are purchased or granted and ensure that they meet all the description of assets (Fornaro, Winkelman Glodstein, 2009). This is achieved by examining their nature and then making decision as to whether they were non-financial instruments and intangible assets. With these considerations, the paper aims to present a dis cussion of how emission allowance is treated and its impact on financial statements. Nature of Emission Allowances Emissions are usually treated with high esteem in management conversions. For example, overall rule is aimed advancing or promoting objectives of title four which is mostly apprehensive with clear air alterations of the year 1990 (Mookdee, 2013). In this case, costing emissions allowances in coordination sales, where public utility level is in line with directive then providing retrieval of all the variable expenses on increasing level, then such commission would have a tendency of allowing retrieval of recognized incremental expenses of emissions pertaining to management saless. Nonetheless, in case the level of management is not in line with increasing expenses, public utility should give suggestions of different costing technique (Ragan Stagliano, 2011). Following Paul and Burks (2010) definition, it is clear that all the emission allowances act as intangible assets since they entails those possessions under organizations regulations from which a financial benefit is projected in an organization. In another proposal; that is, the MiFID, emission allowances is usually categorized as financial instruments. Though future Directive might try to shield the carbon markets by the monetary or fiscal market regulations, these emissions are not necessarily treated as financial instruments since as European Commission viewed that emission allowances are classified depending on all criteria that are set by the accounting standards only. Furthermore, emission allowances re not financial instruments since they do not at any point meet definition of the financial instruments, since such emissions are neither treated as equity nor as contracts instruments bringing about emergence of the contractual rights of receiving cash or any other fiscal assets (Mookdee, 2013). Furthermore, emissions are neither treated as derivatives, as they fails to recognize any primary or original investment which is lesser than it would be needed for the extra categories of the agreements which could be anticipated to have same responses to the variations in the market aspects, and are not established at upcoming date and fails to vary in line with the variations in the other variables. Basically, emission allowances are regarded as intangible assets or as inventories. How Emission Allowances Could Be Measured Originally and Afterward The measurement of emission allowances should be done consistently and that it should be measured initially and subsequently at its fair value (Paul Burks, 2010). To be more specific, emission allowances should be originally and subsequently be measured at their fair value. Based on the guidelines provided in FERC which are the only accounting guideline un US that addresses emission allowances, organizations are required to account for or measure emission allowances in a way similar to those requirements put forward by the FERC regulations. Furthermore, according to the FERC emission allowances are required to be recognized on historical cost bases and to be expenses as they are consumed on the weighted-average cost basis (Souchie, 2012). Basically, as emission allowances are considered as intangible assets, the IFRIC recommend then to be treated in line with requirements of the IAS 38, under which preparer of the financial statement is required to adopt one alternative for the subsequent measurements of the intangible assets; that is the revaluation method or the cost method. Under the cost technique, emission allowances are to be subsequently measures at cost less the impairment and amortization costs (Paul Burks, 2010). On the other hand, since revaluation method could only be adopted whenever the intangible assets are traded in active market, the IFRIC recommend that under such circumstances, the emission allowances should have to be measured at the fair value with the gains being recognized under the equity as the revaluation surplus as well as upsurge in revaluation excess being encompassed in comprehensive income statements as items of the other inclusive income. Further, under the IAS 38, emissions are to be apprehended for total sale in an ordinary course of any business and are to be treated as inventory as required by AIS 2 inventories (Fornaro, Winkelman Glodstein, 2009). This means that in case emission allowances were issued at lesser value than the it fair value, the bulk of the emission allowances has to be allocated free of any charges and these emission allowances are to be originally measured at a fair value with any difference that is recorded in between their fair value and any amount paid being recognized as the government grants and being recognized under the AIS 20: Disclosure of the Government Assistance (Ragan Stagliano, 2011). These granted allowances will be categorized as either deferred incomes in an organizations statement of financial position or they should be afterward unconfined to the income or revenue on the methodical basis over its agreement time for which all the emission allowances are to be issued. Despite these, the IAS 20 permits different organizations to select accounting policies where emission allowances could be recognized at the nominal amount; that is, at zero value. In addition, emission allowances liability suggest that all obligations should be delivered equal to the actual emission to scheme administrator and should be treated as provisions within AIS 37. In addition, under the AISB 137, emission allowances liabilities are to be initially measured or accounted for at best approximation every period the expenditures needed to settle present obligation is made (Fornaro, Winkelman Glodstein, 2009). This would be mainly at market value or fair value of allowances needed to recompense all the emission made all through the year as well as payable to the scheme managers by end of fourth month of every year. When emission allowance are received from a given government for free, they are usually recognizes at nil since they are granted at fair value or at no cost with difference between fair value and acquisition costs being acknowledged as the government grants or deferred incomes on the side of liability in an organizations balance sheet (Mookdee, 2013). On the other hand, whenever emission allowances are purchase in a given markets, they are usually acknowledged at the cost. Liabilities for emissions are usually acknowledged on undeviating basis though the most exercise is recognizing them as the emission take place. Instead of measuring these liabilities at their fair value, organizations are said to measure obligation to given amount of allowances at the resounding total of the allowances with stability at the market value. A journal entry for emission allowances while amortizing government grants on the systematic basis is as follows; Debit: Government grant; that is, deferred income Credit: income statement This is recognized as income share or quota of government grants which counterparts expenses of the emission within a given period. On the other hand, while receiving allocation of emission from government free of charge; Debit: Emission allowances; that is, intangible assets Credit: the government grant; that is, the deferred income While surrendering allowances to a given government in covering emissions; Debit: emission costs Credit: the obligation to surrender the emission allowances. In case, a re-measure of the related emission to the current event; Debit; the obligations to surrendering the allowances Credit: the emission allowances; that is, intangible assets Credit: income statement This help in recording surrender of the allowances. In another scenario; while purchasing emission from third parties, Debit: emission allowances Credit: cash On the other hand, while selling allowances to the third party Debit: cash and Credit: Emission allowances While surrendering allowances to a given government not to cover any emission Debit: Income statement Credit: Emission allowances; that is, intangible assets Further, while purchasing allowances from the government auction Debit: Emission allowances; that is, intangible assets Credit: Cash In addition, while reversing previous retirement deduction; Debit: The emission allowances Credit: The obligation to surrender the allowances Consequences of the Emission Allowances on Financial Statements Emission allowances are usually proved as very controversial due to the unjustified volatility which it is said to create in an organization financial statement especially in income statement. Given that different measurement criteria are applied for the held liabilities and assets that might arise from gases emitted by an organization, there is a probable artificial mismatch of the amount which is reflected in the plant income statement (Paul Burks, 2010). In essence, with the fact that emission allowances are measured at either revaluation or cost method, if these emission allowances are measured at their fair value through revaluation model, there is always a mismatch in recognition and measurement of variations in liabilities and assets since variation in value of emission allowances above the required costs would be initially recognized in the equity statement while variation in liabilities were are to be recognized in the balance sheet (Mookdee, 2013). On the other hand, in case emission allowances are accounted or measured using cost method, there would be a mismatch since AIS 37 usually necessitates an organizations liability for obligation in delivering allowances to be usually measured at a fair value. Such mismatch were the key reasons for EFRAG decision of issuing some negative authorization advice in regard to this interpretation. This resulted to withdrawal of this interpretation by IASB by June 2005 (Fornaro, Winkelman Glodstein, 2009). Furthermore, emission allowances are said to result in income volatility which cannot be at any point be justified on an economic ground. This could be explained when emission made by an organization exceed quantity of the emission allowances recognized as the assets. Conclusion In conclusion, while accounting for emission assets one is required to ensure whether these emission allowances are purchased or granted and ensure that they meet all the description of assets. This should include examining their nature and then making decision as to whether they were non-financial instruments and intangible assets. Furthermore, it can be concluded that emissions are the intangible assets since they are those resources under organizations regulation from which a financial benefit is projected to flow to an organization. Further, it can be concluded that measurement of emission allowances should be done consistently and that it should be measured initially and subsequently at its fair value. To be more specific, it can be concluded that emission allowances should be originally and subsequently be measured at their fair value. This is based on the guidelines provided in FERC which require organizations to account for or measure emission allowances in a way similar to t hose requirements put forward by the FERC regulations. In addition, emission allowances are to be recognized on historical cost bases and to be expenses as they are consumed on the weighted-average cost basis. Furthermore, it can be concluded that under intangible assets are to be apprehended for net sale in normal course of any business and are to be treated as inventory meaning that in case emissions were issued at lesser value than the it fair value, the bulk of the emission allowances has to be allocated free of any charges and these emission allowances are to be originally measured at the fair value with any difference that is recorded between their fair value and that quantity paid being identified as the government grant and being accounted for. It can also be concluded that emission allowances bring unjustified volatility in an organization financial statement especially in income statement. Furthermore, given emission allowances are measured at their fair value through reva luation model, it can be concluded that there is always a mismatch in recognition and measurement of variations in liabilities and assets since variation in value of emission allowances above the required costs would be initially recognized in the equity statement while variation in liabilities were are to be recognized in the balance sheet. References Fornaro, J. M., Winkelman, K. A., Glodstein, D. (2009). Accounting for emissions. Journal of Accountancy, 208(1), 40. Mookdee, T. (2013). Accounting for carbon emission trading: an Australian perspective. Paul, A., Burks, E. (2010). Preparing for international financial reporting standards. Journal of Finance and Accountancy, 4, 1. Ragan, J. M., Stagliano, A. J. (2011). Cap and Trade Allowance Accounting: A Divergence Between Theory and Practice. Journal of Business Economics Research (JBER), 5(11). Souchie, L. E. (2012). Accounting for Emissions Trading: How Allowances Appear on Financial Statements Could Influence the Effectiveness of Programs to Curb Pollution. BC Envtl. Aff. L. Rev., 39, 475.