Question 1 The advent of specific types of derivative instruments have been used by many financial institutions to hedge against exchange rate risk and as well to limit exposure to fluctuations of fair value based upon market conditions. Please select a current article on the use of derivatives by a company. Define the type of derivative used and the purpose of it use by the company? As well, do you feel the use of derivative instruments contributed to the financial crisis of 2008? Question 2 A "leadership project," is at the top of the agenda for fast-track action by the newly formed International Accounting Standards Board ("IASB"). This agenda was endorsed by the heads of the accounting standards-setting bodies among so-called G-8 nations meeting together in London on May 24, 2001. The mission of the IASB is to produce common global accounting standards for important business transactions and to encourage their adoption by member nations. It was formed in January with the appointment of 14 members by a commission headed by Paul A. Volcker, former chairman of the Federal Reserve. The IASB is headed by Sir David Tweedie, former head of the UK's Accounting Standards Board, and includes two former U.S. FASB members, James J. Leisenring and Anthony T. Cope. Uniform standards for financial reporting are important to companies wishing to raise funds, list their securities in different countries, and to comply with regulatory filing requirements in a cost-effective manner. They also prevent problems that would occur if one nation wanted to adopt stricter rules for certain transactions, but was prevented from doing so by the concern that it would place that nation's businesses at a comparative disadvantage in global commerce. All nations would be encouraged to adopt the same global standards, thus preventing anyone from being disadvantaged. Discuss the pros and cons of this unified standards effort. Explain. Question 3 Because the cost of hiring and training employees is so high, many managers argue that this cost should be capitalized and amortized over the expected service period. Do you feel this is an acceptable practice? Why or why not? PHL 255 - Non-Western Philosophy Essay #6 Due Date: November 21st Format: 3 pages, 12 pt. Times New Roman, 1” margins, double-spaced, stapled, Works Cited pg, in-text citations Essay #6 - Explain Confucian philosophy using your own words and examples. Explain the ideas of filial piety, jen (ren), li, xiao, shu, junzi and the wu lun GIVE EXAMPLES of how each of these might be demonstrated. · How are these ideas supported in The Analects? Use quotes from Confucius to illustrate your claims. · http://www.wright-house.com/religions/confucius/Analects.html Other points to consider: · How does the philosophy of Master Kung lead him to the conception of the chun tzu (junzi)? · In a manner similar to the agnosticism of the Buddha, Confucius remains unconcerned with metaphysical/spiritual concerns. Is thi ...

1. Question 1
The advent of specific types of derivative instruments have been
used by many financial institutions to hedge against exchange
rate risk and as well to limit exposure to fluctuations of fair
value based upon market conditions. Please select a current
article on the use of derivatives by a company. Define the type
of derivative used and the purpose of it use by the company? As
well, do you feel the use of derivative instruments contributed
to the financial crisis of 2008?
Question 2
A "leadership project," is at the top of the agenda for fast-track
action by the newly formed International Accounting Standards
Board ("IASB"). This agenda was endorsed by the heads of the
accounting standards-setting bodies among so-called G-8
nations meeting together in London on May 24, 2001.
The mission of the IASB is to produce common global
accounting standards for important business transactions and to
encourage their adoption by member nations. It was formed in
January with the appointment of 14 members by a commission
headed by Paul A. Volcker, former chairman of the Federal
Reserve.
The IASB is headed by Sir David Tweedie, former head of the
UK's Accounting Standards Board, and includes two former
U.S. FASB members, James J. Leisenring and Anthony T. Cope.
Uniform standards for financial reporting are important to
companies wishing to raise funds, list their securities in
different countries, and to comply with regulatory filing
requirements in a cost-effective manner.
They also prevent problems that would occur if one nation
wanted to adopt stricter rules for certain transactions, but was
prevented from doing so by the concern that it would place that
nation's businesses at a comparative disadvantage in global
commerce. All nations would be encouraged to adopt the same
global standards, thus preventing anyone from being

2. disadvantaged.
Discuss the pros and cons of this unified standards effort.
Explain.
Question 3
Because the cost of hiring and training employees is so high,
many managers argue that this cost should be capitalized and
amortized over the expected service period. Do you feel this is
an acceptable practice? Why or why not?
PHL 255 - Non-Western Philosophy
Essay #6
Due Date:
November 21st
Format:
3 pages,
12 pt. Times New Roman,
1” margins, double-spaced,
stapled,
Works Cited pg,
in-text citations
Essay #6 - Explain Confucian philosophy using your own words
and examples. Explain the ideas of filial piety, jen (ren), li,
xiao, shu, junzi and the wu lun GIVE EXAMPLES of how each
of these might be demonstrated.
· How are these ideas supported in The Analects? Use quotes
from Confucius to illustrate your claims.
· http://www.wright-
house.com/religions/confucius/Analects.html
Other points to consider:

3. · How does the philosophy of Master Kung lead him to the
conception of the chun tzu (junzi)?
· In a manner similar to the agnosticism of the Buddha,
Confucius remains unconcerned with metaphysical/spiritual
concerns. Is this point of view useful, or is it defective in some
way?
· Why does Confucius' teaching emphasize ritual and filial
piety so much?
· State the ways in which adhering to such a philosophy might
or might not allow an individual to live a good life.
· Why do the Taoists, Mohists, and Legalists disagree with
Confucianism?
· Where do we see Confucian ideas/values reflected in modern
Chinese culture?How might you see li or “ritual propriety”
practiced today in the United States? In your family? The
workplace? School? The government?
· How could Confucian philosophy be applied to the
presentation of one's “Self” on the internet, for instance
Facebook profiles and status updates?
· When have you seen a person being improper/disrespectful in
a way that Confucius would condemn? Explain.
· How is this philosophy similar or dissimilar to other schools
of thought?
What are the strengths and weaknesses of Confucian
philosophy?
· Remember to first consider what the

4. main idea of your essay will be and then
touch on these questions as they fit into your discussion.