Martin Luther King's Representation of Law Essay

Martin Luther King's Representation of Law - Essay Example Natural law for Dr. Martin Luther King, as well as for St. Thomas Aquinas, is the part of God’s eternal plan for everything that He has created (â€Å"Legal positivism vs. natural law theory† 2). An important statement in Reverend King’s â€Å"Letter† is that his protest against an unjust law of Birmingham was nonviolent (4). He did not break a moral law by appealing to violence against another human being. Dr. King emphasizes that he has always followed the rules of the Christian morality, which is, according to him, a code of natural and just laws (4). Martin Luther King does not follow the Machiavellian doctrine of permissiveness. His viewpoint is based on the Christian morality, faith in equality of all people, and respect to every person regardless of his or her skin color, race or ethnicity. Positive law is always legal, as it is issued by some authority that has the right to decide how to regulate human interactions in a society. However, the morali ty of the law, even if it was made by a powerful and respectful person or institution, can always remain questionable. As Dr. Martin Luther King observes, Hitler’s laws in Germany were certainly legal, but they were appallingly immoral, unnatural and unjust (3). â€Å"Oppressed people cannot remain oppressed forever†, says Martin Luther King, and it means that an unjust law cannot last forever (4). Hitler’s laws in Germany, Saddam Hussein’s laws in Iraq or Gaddafi’s laws in Libya were legal.

International Financial Reporting Essay Example | Topics and Well Written Essays - 2750 words

International Financial Reporting - Essay Example It is expected that the framework would assist the IASB in not only developing new international accounting standards, but also in the revision of the existing ones. It may also help in reducing the many alternative accounting treatments which are outlined by various accounting standards and regulations (Pounder, 2009). The conceptual framework presents key issues relating to the preparation and presentation of the financial statements. These include objectives, underlying assumptions, qualitative characteristics, recognition and measurement of elements of the financial statements, and the concepts of capital management. Though there are other ways measuring the elements of the financial statements, â€Å"historical cost† is the most commonly used by entities. This basis renders accounting information of less value in the prediction of future performances of the entities. Before the introduction of a conceptual framework, the accounting system could be said to have been â€Å"rule based†, governed by rules on how to treat each and every transaction. Such a system was inflexible and rigid but it promoted excellent comparison of financial performances. Contrastingly, the introduction of a conceptual framework which is â€Å"principle based† has led to the development of accounting standards from a generally accepted conceptual basis with clear and specific objectives. It could be argued that the conceptual framework ensures that the information in the financial statements present a â€Å"true and fair view† financial position of the entity. This means that based on the management estimates and judgment, the financial information presented is fairly accurate. It could also be taken to mean that the financial information does not have material errors, and the users of such information can used it to make meaningful decisions. It is also worth