Genetically Modified Organisms And Its Effects - 971 Words

Genetically modified organisms has affected 50% of children in the United States to suffer chronic diseases, and 21% of children to have developmental disorders. This epidemic stems from the fact that GMOs cause damage to nature and humanity by destroying ecosystems, by being toxic when eaten, and by spreading its genes to organisms that has not yet been modified genetically. One of the most important ways that GMOs hurt nature is by reproducing with non-genetically modified organisms. When GMOs reproduce with non-GMOs, the modified genes are transferred to their offspring. Because of this, more species will possess traits that the GMOs had, and create an imbalance of organisms in an environment. Scientists have done countless studies on how GMOs can spread their genes to pests. In the article, â€Å"The Precautionary Principle Applied to Deliberate Release of Genetically Modified Organisms†, the authors comment, â€Å"Novel genes in plants...might escape and be transferred to weedy relatives or other crops by [pollination]† (Myhr and Traavik 68). This quote proves that the diffusion of genes to other organisms is possible. These two authors go on to explain the effects of having GMOs in an environment. GMOs may accidentally harm an ecology by being superior to other life and by causing an imbalance of creatures (Myhr and Traavik 68). This s tatement shows some of the effects that GMOs can do to nature. Furthermore, when a plant is genetically modified, it is able to pollinate vastShow MoreRelatedGenetically Modified Organisms And Its Effects1387 Words   |  6 PagesGenetically Modified Rice Rice is a major staple for over half of the world, mostly Asia. As a major portion of the diet to billions of people, rice has proven to be semi-adequate sustenance for major populations. Rice has proven to be effective in sustaining life albeit malnourished; hence, rice has been at the forefront of modern genetic modification to improve the lives of many. Much of the research goes into production research to attain higher yields of rice for an ever growing population andRead MoreGenetically Modified Organisms And Its Effects1742 Words   |  7 Pages Genetically Modified Organisms Studies have shown that this generation’s life expectancy may be shorter than its predecessor, why is that? It is proven that in the United States, roughly about 60 to 70% of processed foods in supermarkets contain many genetically modified components (Kelly). GMOs, also known as genetically modified organisms, are organisms that have had had its DNA spliced and manipulated in a laboratory by fusing genes from other organisms such as animals, bacteria, or virusesRead MoreGenetically Modified Organisms And Its Effects1952 Words   |  8 PagesSociety is exceedingly worked up on the new hype: genetically modified organisms. This topic is one of the most intensely debated issues, mainly because many are becoming more aware of both the positive and negative aspects associated with them. While there are opposing viewpoints regarding GMO’s, there is valid reasoning that both supports and opposes organisms whose material is altered. Understanding the background of genetically modified organisms gets everyone a step closer to determining theirRead MoreGenetically Modified Organisms And Its Effects3220 Words   |  13 Pages Genetically modified organisms are created by altering the genetic makeup of a certain plant or animal. Most genetically modified (GM) crops are produced to withstand the pesticides or herbicides that would normally kill them. This would never happen in nature, hence the reason for genetically modifying them. The artificiality of the process and the synthetic harm of the substances involved prove GMOs to possess significantly more complications than their supporters prefer to admit. GMOs are knownRead MoreThe Effects of Genetically Modified Organisms 503 Words   |  2 Pagesrecent years, Genetically Modified organisms (GMOs) have in numerous ways affected the composition of our diets considering the fact that they have replaced our healthy and naturally produced food with genetically altered food. These alterations have had significant effects on human health and the society in general. These pesticide resistant foods are products of merging genes of different species together through genetic engineering. When individuals consume these genetically modified foods, theyRead MoreGenetically Modified Organisms And Its Effects1550 Words   |  7 PagesGenetically Modified Organisms More than sixty countries have a ban, labeling, or restrictions of some sort on genetically modified foods (Barrett, 2013). The United States is not amongst them. Originally GMOs were introduced to create better yields, tolerate droughts and increase nutrition (Wesson, 2001). Today GMOs have excided beyond the standards of the past. 80% of the foods sold in the U.S. today are genetically modified. This group of foods include alfalfa, corn, canola, cotton, sugar beetsRead MoreGenetically Modified Organisms And Its Effects1373 Words   |  6 Pages Genetically modified organisms, commonly known as GMOs, have been around since the early 1990’s. Genetically modified crops are engineered to be drought, bug, and pest tolerant. Genetically modified (GM) crops are also made to increase yields and to have many other positive attributes for the farmer. (â€Å"Introduction†). GM crops and foods have not been proven to be harmful to people s health in any way. GMOs, which aren’t harmful to people’s health, are beneficial to the environment and societyRead MoreGenetically Modified Organisms And Its Effects On Humans Essay881 Words   |  4 PagesGMOs Genetically modified organisms also known as GMOs are used to change the DNA of animals and plants by using crossbreeding methods (GMO Facts. The NonGMO Project RSS. Web. 4 Mar. 2015.). These altered organisms are used to improve our food and are thought to be a good way to feed the rest of the world, especially undeveloped countries. But what most people don’t know is that GMOs are poorly tested, unsafe, and are found in most foods in the market. Genetically modified organisms are notRead MoreThe Negative Effects Of Genetically Modified Organisms1447 Words   |  6 PagesOn Friday, May 29th, 1992, the FDA decided to publish a policy that allowed everyday Americans to consume genetically modified organisms.This policy, although an attempt to modernize the products of biotechnology system, would end up causing extreme controversy throughout the nation. Genetically modified organisms (GMOs) are living organisms whose genetic material has been altered or manipulated using genetic engineering. According to the Grocery Manufacturers Association, between seventy percentRead MoreThe Effects Of Gmo And Genetically Modified Organisms1541 Words   |  7 Pages DNA- Deoxyribonucleic acid GMO/GM- Genetically Modified Organism/ Genetically Modified HGH- Human Growth Hormone RNA- Ribonucleic acid Aah- Androctonus australis hector LDâ‚…â‚€- In toxicology, the median lethal dose, LDâ‚…â‚€, LCâ‚…â‚€ or LCtâ‚…â‚€ of a toxin, radiation, or pathogen is the dose required to kill half the members of a tested population after specified test duration AaIT- Androctonus Australis Anti-Insect Toxin â€Æ' Introduction Genes are the functional unit of hereditary and carry the genetic information

Segmental Reporting & Disclosure for AASB- myassignmenthelp.com

Question: Discuss about theSegmental Reporting Disclosure for AASB. Answer: Ideally, entities are seen to operate and conduct business at different levels either product wise, service wise, clientele, legally or even geographically. At all these levels, of course, there exist activities that generate revenue or that are seen to reward the investors at a particular period. It is therefore rightfully for the users of the information to get informed on the decisions available, risk assessment exercise and finally previous firm performance analysis for their best interest and that of the company Crawford(2012.Pg 52) ASSB 114 and 8 has set regulations and guidelines on how the latter expectations of investors should be addressed regarding the segments approach in place. Segments in a firm may likewise be referred to as business unit or departments that are the cash generating in nature. Any cash-generating unit is expected to be held in charge by persons who work on behalf of the investors for the sole purpose of operational control with an eye on revenue generation and these persons are termed to be part of the management since they analyse data and present activities happenings and scenarios while delivering key decisions in the segments. The management is therefore soberly expected to outline all the information and measures considered in decision making. This should range from operations, financials and finally management through dialogue and both statistical and theoretical analysis. At the segmental level, the management reliance is high since he forms the informational basis of how the business is being run hence setting means of assessing business performance. We can further state that all segment disclosures present in a firm through one way or the other it has its roots to the management information available concerning the segments at the time of reporting. The management is therefore expected to be more cautious and responsible on all the matters relating to segments since they form the basis of garbage in/garbage out. Management segmental adoption approach is vital since all the parties within individual interest and that of the business use the information while reporting and disclosing segmental reports. This approach may or may not result in too much private information disclosure to competitors depending on individual ethics and professionalism Deegan(2012.Pg. 30). The access level of information according to management is at time unquestionable thus limited to their discretion. It is from this that he can maliciously and unlawful share the information since no one monitors or regulates what they ought to disclose and to who. However, this is only applicable to persons of management whose ethics and integrity is compromised Bugeja(2015.Pg 320). Likewise, it may not disclose too much info to the competitor but only to the extent in which the management agrees and comply with ethics and professionalism rules on the share of information and secrecy that this applies. Generally, individual management persons intention and professional will is what dictates on the act of insider information and its control Aleksanyan (2015.Pg 50). Highlands Pacific Limited 2016 annual reports inform of the group segments activities to be that of exploring, evaluating and that of industry developments and this is conducted through exploration and evaluation at segments Frieda where copper and gold activities take place, Ramu dealing with nickel cobalt and Star mountain exploration of gold. Highlandss management is seen to report the segments in the note number 21 of notes to financial statements. The management has further outlined the segment units in the statement of significant accounting policies summary (c).The director in the summary report is seen to give over view of events that happened during the year and more so on the excellent progress of star mountain copper-gold segment and possible factors towards it, likewise we are able to be informed by management of April accident that occurred and the next course of action of shutting down that was taken by management Lantto(2007.Pg 23).They further inform on risks analysis and announcement of the next stage of exploration at Sewa Bay. Generally the latter is just sample of management approach information wise on segments Kang(2013.Pg 240) Highland Pacific Ltd Company 2016 annual report has met all segmental requirements while reporting and disclosure as outlined in AASB 8 and IFRS 8 at the point of reporting. All explanation that is deemed importance for decision making has been disclosed in notes and in the summary policies. References Aleksanyan, M. and Danbolt, J., 2015. Segment reporting: Is IFRS 8 really better?. Accounting in Europe, 12(1), pp.37-60. Bugeja, M., Czernkowski, R. and Moran, D., 2015. The impact of the management approach on segment reporting. Journal of Business Finance Accounting, 42(3-4), pp.310-366. Crawford, L., Crawford, L., Extance, H., Helliar, C. and Power, D., 2012. Operating segments: The usefulness of IFRS 8. ICAS. Deegan, C., 2012. Australian financial accounting. McGraw-Hill Education Australia. Kang, H. and Gray, S.J., 2013. Segment reporting practices in Australia: Has IFRS 8 made a difference?. Australian Accounting Review, 23(3), pp.232-243. Lantto, A.M., 2007. Does IFRS improve the usefulness of accounting information in a code-law country?.