Themes- Wilfred Owen - 947 Words

Wilfred Owen’s poems have numerous themes that explore the negativity of war. Owens poems talk about the truth of war. The poems focus on the fear of war, horror, sacrifice, glory and questioning life’s purpose. . In particular, the poems â€Å"Mental Cases† and â€Å"Dulce Decorum Est† both strongly emphasise the reality and horrific experiences of war. Dulce Et Decorum Est shows what it was like during the war and what the soldiers experienced. Mental Cases explores the aftermath of the war and the lives of those young soldiers. Mental Cases is a strong and powerful poem that concerns the aftermath of war. The poem alludes to many horrific memories that each soldier witnessed and shows that each memory is there forever. The poem builds up to the†¦show more content†¦War is so inhumane that Owen wonders what the purpose of life is. Millions of young men should not be fatigued, weary or old before their time and this is what war has done to them. Owen has used a similes to show this â€Å"Bent double, like old beggars under sacks† to emphasise how they had to live and â€Å"serve† their country. This is not humane for anyone and Owen wanted to convey this to warn people about the horrible events that happen to men at war. In the second stanza Owen has used repetition and grammar â€Å"Gas! Gas! Quick boys!† to emphasise the urgency needed to escape the deadly weapons being used. The fear of the â€Å"gas† is highlighted as a major threat because of its silent nature which contrasts to the loud sounds of artillery. The men are dying from this weapon and each solider has the fear of dying or knowing they are going to be watching their friends die. The suspenseful nature created by this grammar draws the reader in and evokes feeling. This horrendous event is shown in a simile â€Å"As under the green sea, I saw him drowning†. This suggests why monstrous images are kept in these soldiers minds forever. Wilfred Owens poems have a number of themes including the fear of war, horror sacrifice, glory and the questioning of life’s purpose. Whilst both texts explore different periods of the war they both are similar in accentuating how the individualShow MoreRelatedEssay about Wilfred Owen Speech891 Words   |  4 Pagesboth written by Wilfred Owen. I would choose these two poems to be in an anthology because I found the poems to be very dramatic and extremely detailed. Owen intends to shock us by demonstrating what a soldier might expect in a situation between life and death. He is not afraid to show his own feelings. Wilfred Owen is an anti-war poet and expresses his ideas and feelings through various themes and poetic devices which I will be discussing throughout this speech. Wilfred Owens’ themes portray his attitudeRead More Comparing Irony of War in Dulce et Decorum, Regeneration, and Quiet on the Western Front1165 Words   |  5 PagesThey were no longer boys but callous men. Wilfred Owens poem Dulce et Decorum Est, Pat Barkers novel Regeneration, and Erich Maria Remarques All Quiet on the Western Front, all portray the irony between the delusive glory of war and the gruesome reality of it, but whereas Owen and Sassoon treat the theme from a British point of view, Remarque allows us to look at it from the enemys. The poem Dulce et Decorum Est, an anti-war poem by Wilfred Owen who was an English footsoldier, states thatRead More Examine and compare the ways in which Pat Barker in Regeneration and1313 Words   |  6 PagesExamine and compare the ways in which Pat Barker in Regeneration and Wilfred Owen in his poetry explore the nature of life in the trenches. Pat Barker and Wilfred Owen are both successful writers in delivering an insight into trench life from the perspective of a soldier, although in different ways. Owen, being a soldier himself, has had first hand experience of trench life and describes the pity of war, in that war is a waste of young, innocent lives, and the bitterness of the soldiersRead MoreEssay on Comparing The Soldier and Dulce et Decorum Est644 Words   |  3 PagesRupert Brooke and Dulce et Decorum Est by Wilfred Owen were both written during world war one. War and death are the themes of both poems but they are written from different perspectives. Brooke seems to base his poem on myth because overall he says that it is good to die for your country while fighting at war is terrible and that it is every soldier for himself and not for your country. There are many reasons why Brooke and Owen have different attitudes to war. For exampleRead More A Comparison of Dulce Et Decorum Est and Exposure Essay2345 Words   |  10 PagesBrooke, death doesn’t last long and everybody shall die at one point, so why not die honorably for your country? Owen and many other ww1 poets were a contrast to traditional poems. They wrote about war realistically. They wrote from personal experience. They include horrific details of death and injury. They also criticized those who were running the war. Wilfred Owen was born in 1893 into a middle-class family. His family came under financial difficulties and his education was stuntedRead More The Healing Power of Poetry Essay1663 Words   |  7 Pages We see this specific form of self-help directly in the Hydra. The Hydra itself is a wartime journal of different genres of writing from poetry, to essays, to cartooning, to lettering (Lee). Wilfred Owen, the editor, lived from 1893-1918, and produced the journal during his time at Craiglockhart (Lee). Owen gained much progress in his writing at Craiglockhart, especially after he became friends with Sassoon. They ended up editing each others writing while working on the Hydra at the same time (Rusche)Read MoreWar and Death in Soldier Written by Rupert Brooke Essay1180 Words   |  5 PagesSometimes it has to happen for good to triumph over bad. War poets like Wilfred Owen, writer of Anthem for doomed youth focus on death in war and the dehumanization of solders. In contrast Soldier written by Rupert Brooke thinks that to die in war, to be the noblest death. And Siegfried Sassoon’s Suicide in the trenches focuses on the youthful soldiers deaths being the responsibility of war p romoters. Anthem for Doomed Youth Owens Anthem for Doomed Youth is written from a soldier’s perspective and isRead MoreComparing the Ways Michael Herr in Dispatches and Pat Barker in Regeneration Show the Effects of War2879 Words   |  12 Pageswho were there. As an autobiography centered around Herrs experience of Vietnam Dispatches provides a different reading experience to Barkers novel, which is loosely based on the real life meeting between Siegfried Sassoon, Wilfred Owen and Dr. W.H.R Rivers at Craiglockhart War Hospital during The First World War. Due to the different approaches the structure of the books is different and that affects how the effect of war is shown. Dispatches is a tapestry of Read MoreHow Does ‘Exposure’ by Wilfred Owen Tackle the Theme of War?1257 Words   |  6 Pagesdoes ‘Exposure’ by Wilfred Owen tackle the Theme of War? ‘Exposure’ is a war poem written by Wilfred Owen in 1917 which describes how it felt like to be a soldier fighting war in the winter season. Owen focuses on the weather and shows how they are suffering more from the cold than getting wounded and hurt from the enemy which is not typical in war poetry. He has used a lot of figurative language and literary techniques to portray the cold and the soldiers’ feelings. Firstly, Owen applies figurativeRead MoreCompare How Robert Frost and Wilfred Owen Communicate the Theme of Loss in ‘Out, Out-’ and â€Å"Disabled†.1650 Words   |  7 PagesCompare how Robert Frost and Wilfred Owen communicate the theme of loss in ‘Out, Out-’ and â€Å"Disabled†. In the two poems â€Å"Out, Out-† and â€Å"Disabled†, a similar theme of loss is portrayed. Both of these poems deal with the subject of physical loss, as both protagonists of these poems experience accidental amputation. Both Robert Frost and Wilfred Owen manage to captivate their audience’s attention, and also a certain degree of sympathy for the protagonists’ misfortune. They do this successfully

Biofuels The Best Alternative For Fossil Fuels Essay

For over forty years now, scientists and researchers have been tirelessly searching for an alternative to fossil fuels. Biofuels have become an interesting contender in the search for the replacement of the non-renewable energy source. Biofuels have been used throughout history for over thousands of years. There is a large debate over biofuels and its true impact on the environment. Those involved in the discussion debating whether biofuels have any real overwhelming benefits compared to fossil fuels could argue for its usage. According to recent research performed by the University of Michigan, biofuels may not be the best alternative for fossil fuels. Regardless of its impact on the environment, biofuels are becoming more popular particularly when the price of oil rises. Biofuels are fuels made from biomass, which is the organic physical material of an organism that is or was alive. Biomasses can be separated into two categories - liquids and solids. Liquid biomass fuels include biodiesel and ethanol. Solids include charcoal, garbage, wood, and manure. The majority of organic matter contains carbon, oxygen, and hydrogen, the same elements that make up fossil fuels such as petroleum and coal. Biomass can be burned as is or converted into a different fuel that burns more efficiently. The use of biomass for fuel is not a new idea, as humans long ago used whatever could help them survive. Solid biofuels like wood, manure, and charcoal have been used ever since man discoveredShow MoreRelatedBiofuels Vs. Fossil Fuels1622 Words   |  7 Pages Biofuels vs. Fossil Fuels (David Ross, 2005) Carbon dioxide, the chief byproduct of fossil fuel combustion, is a potent greenhouse gas that remains in the atmosphere indefinitely. In the U.S., the burning of coal for electricity pumps more than 2.4 billion metric tons of carbon dioxide into the atmosphere every year, according to the Energy Information Administration. People ask what about the cars? How do they affect the environment? The average American passenger car spits out 11,450 pounds ofRead MoreThe Effects Of Fossil Fuels On The Environment1252 Words   |  6 PagesAll over the world, people have been stuck on using fossil fuels. This addiction has been ongoing for the past century as the primary source of energy. Global usage of fossil fuels which include oil, coal, and natural gas, is now producing mass amounts of greenhouse emissions within our atmosphere. Such a series of events have cascaded into changes that are currently effecting the earth on multiple levels. Several of these effects are, but are not limited t o: earth’s sea levels rising every yearRead MoreRenewable Sources of Energy1155 Words   |  5 PagesBiofuel is Fuel produced from renewable resources, especially plant biomass, vegetable oils, and treated municipal and industrial wastes. Every time we drive in a vehicle we are using nonrenewable resources that are bad for the environment. Using gasoline or diesel release chemicals called green house gasses into the environment. Because of theses harmful chemicals people have started to use biofuels. There are two types of biofuels, ethanol and biodiesel. Biofuel is Fuel produced from renewableRead MoreBiofuels : A Clean Alternative For Fossil Fuels?1737 Words   |  7 PagesBiofuels: A clean alternative to fossil fuels? Biofuels, like fossil fuels are hydrocarbons made from a living or once lived organism that humans can use to power something and uses biological carbon fixation, a process that takes inorganic carbon and converts it into organic compounds (Wikipedia). However, unlike fossil fuels, which can take millions of years to form, biofuels are produced in a short period of time such as days, weeks, or months. Because humans have been burning fossil fuelsRead More101 Biofuel s Future Of The U.s.1325 Words   |  6 Pagesthe major problems confronting the United States and the World today, is the growing lack of fossil fuels and the accrual emissions of carbon into the atmosphere. The United States is still dependent on fossil fuels today such as coal despite numerous efforts to decrease that dependency, and are also relying on imported oil from multiple foreign countries particularly in the Middle East. The use of fossil fuel has generated great anxiety in greenhouse gas emissions and governments from all over theRead MoreBiofuel and The Racing Industry Essay1097 Words   |  5 Pages The billion dollar racing industry uses high-octane fossil fuels for competition. Lately, ecologists and governments have begun to highlight the need for the racing industry to switch from high-octane fuels to biofuels. The concern for preserving diesel fuels stems from its non-renewal in nature; however, the racing industry should not be forced to use biofuels because of three primary reasons – performance, cost effectiveness and high infrastructure expenditure. The ecologists are of the opinionRead MoreAll Biofuels Are Not Created Equal by David Tilman and Jason Hill818 Words   |  4 Pagesâ€Å"All Biofuels Are Not Created Equal† is a very informative article that everyone should be aware of. The authors of this article show how biofuels can be made to benefit Earth. Our ecological footprint is so big that everyone requires 2.5 Earths to maintain the same lifestyle. What does this reveal? It reveals that Earth’s resources are being diminished. This means that the world needs to do something to prevent this so Earth can last for future generations. The way that biofuels are being made isRead MoreA Term Paper On Energy Storage Systems Essay1524 Words   |  7 Pages A TERM PAPER ON BIOFUELS OLUCHUKWU C. OBINEGBO BLACKBOARD ID: oluchukwu1.obinegbo STUDENT ID #: 3002661138 COURSE NUMBER: EEL 4930 LECTURER-IN-CHARGE: DR JIM P. ZHENG EXECUTIVE SUMMARY After the discovery of electricity, effective and efficient methods have been sought to store energy for use on demand. Over the last century, industries which work towards the effective storage of energy have been evolving and adapting to change in energy requirements and advances in technology.Read MoreEssay Biodiesel vs. Ethanol1076 Words   |  5 Pagesvs. Ethanol Both biodiesel and ethanol are derivatives of biomass that have been processed to create a liquid biofuel. Both types of biofuels have been touted as secure and environmentally safe alternatives to fossil fuels, however the research verifying these claims is extensive but often contradicting. In the following paper, the efficiency and quality of the two types of biofuel will be discussed. The effects of variables such as source materials and production techniques on efficiency andRead MoreProspects Of An Automotive Fuel Essay1516 Words   |  7 PagesCHAPTER 1: INTRODUCT1ON 1.1. TITLE OF THESIS PROSPECTS OF 2, 5 DIMETHYL FURAN AS AN AUTOMOTIVE FUEL 1.2 . Overview of Topic Although there are only some biomass-derived fuels which are comparable to fossil fuels, the scientific investigate society has never ceased to look for renewable biofuel alternative. Used for the transportation sector, a useful biofuel must: †¢ be formed cheaply and proficiently †¢ have a comparatively high energy density, in both volume and weight, in order to reach

Online Role Playing Game Games - 1431 Words

In many of the MMORPG (Massively Multiplayer Online Role-Playing Game) game there is always a guid to it but sometime the player are not follow those guid and ending up complaining that the game are not good. Accroding to Menashe Kestenbaum in every game before the player start playing its, the players should search up the mmohut.com and what kind of game they like and do they want to play solo or with everyone. (P.3: A Beginner s Guide to MMORPG) The players would also check to see if they like the game graphic or not. It might just be a simple game but for a professional player s gaming is life and they will help create the guide for new players. For this, I will discuss about about the rule in MMORPG and the guide to becoming the best player in the game. The best way for the new player to be successful in gaming and be good at follow the guideline provided by the developer. The guideline that provided by the developer would have quests information, monsters, classes, weapons, armors, capes, and helms. Sometimes the rule would include about if the players use cheat code to get something that is again the rule the players would be banned for 24 hours and and the player do it again it would be a week and so on. Also, if the players use swear words the players would be banned from using chat for one minute and if the player continues to use the swear words the player would get banned for five minutes, thirty minutes, sixty minutes, twenty-four hours, seventy-two hours,Show MoreRelatedOnline Role Playing Game ( Mmorpg )1259 Words   |  6 Pagesplay games online, do you play the games casually or hardcore? A massively multiplaye r online role-playing game (MMORPG) called Mabinogi. In this game, you will meet thousands of players online to get involve into many activities to have fun. The original game first came out in 2004 in South Korea, but it was localized into North America in 2008. The game is free-to-play where it can be downloaded from the game website, but it must fulfill certain system requirements to properly play the game. (MabinogiRead MoreEssay on Multiplayer Online Role-Playing Games Impacting Chess1269 Words   |  6 Pagesï » ¿ Massively Multiplayer Online Role-Playing Games (MMORPGs) Emmanuel Mitchell Prof. Donald G. Moore, Jr., PhD. CIS375: Human Computer Interaction December 16, 2014 Massively Multiplayer Online Role-Playing Games (MMORPGs) Massively Multiplayer Online Role-Playing Games are played all over the world. These role playing games allow hundreds of thousands of players to compete against each other via the internet in a virtual world. In these virtual worlds the players are also allowed to interactRead MoreThe MMORPG : The Evolution Of Online Role-Playing Games1099 Words   |  5 Pagesvideo game was born. These games were called massively multiplayer online role-playing games, or MMORPG for short. Players could go on the internet and play the same game with millions of other active players at the same time. The genre evolved over time, as games shifted in and out of popularity, but especially during the 2000-2012 era, MMORPGs absolutely dominated the market (The MMORPG). The MMORPG consists of a large player base, interacting on a virtual computer platform through the role of theirRead MoreMultiplayer Online Role Playing Games: Eve Essays975 Words   |  4 PagesEve online is a massive multiplayer onlin e role-playing game developed by CCP games and released in May 2003. Since then, CCP have released new content and major expansions every six months, creating one of the largest and most detailed games ever. Eve is known as a hard game to get a start in. Advancing your character happens in real-time, even if youre not logged in, and getting good at a specific job can take a couple of days or a few months. To get anywhere in Eve you need to work togetherRead MoreOnline Gaming and Fraud in Massive Multiplayer Online Role-Playing Game (MMORPG) 1359 Words   |  5 Pages1. Online Gaming Security and Fraud Throughout the evolution of gaming, there has been a movement of large communities to online gaming. With that high amount of traffic, these online games have become prime targets for crime to emerge from. Due to the online nature and virtual elements of this kind of community, the most common type of crime committed was theft, followed closely by fraud (Chen 2005). With the increase in online communities from online gaming, businesses have started advertisingRead MoreIs Games Good Or Not For Human Development?1270 Words   |  6 PagesGames are an essential part of all cultures throughout the world and are one of the oldest form of human interaction. It has been around human being since 3000 BC by the discovery of the oldest board games in Turkey and since then, games has been developing rapidly (Attia 2014). Nowadays, most people love to do it as a nice way to spend their leisure time because it makes them feel relaxed, enjoyed, or even make money by doing it. There are many type s of games such as board games, card games, roleplayingRead MoreThe Issues Of Cyber Bullying946 Words   |  4 Pagesplatforms available on the Internet; including massively multiplayer online role playing games such as World of Warcraft. These video games are havens for teenagers to take on a (often times) fantasy character and play as if they were actually them. For participants in massively multiplayer online role playing games, these â€Å"second lives† can be as real to them as their physical real life. It is not uncommon for participants within these games to take their virtual existence more seriously and with more passionRead MoreIncorporate Technology And Teach Creativity To Gifted Students : Article Analysis1448 Words   |  6 Pagescan be an excellent tool for sparking interest in new topics in unmotivated gifted students. One of the ways the article suggested differentiating when working with gifted students during the geocaching experience was to assign studen ts different roles during the process (Brown B., K., et al., 2015). I thought this was an excellent idea for gifted students in middle school. My favorite idea from the article that I thought I might be able to apply to my classroom was performing an educaching experienceRead MoreOnline Games: Impact on the Behavior of Must Students2652 Words   |  11 PagesChapter I THE PROBLEM Introduction Millions of people play online games around the world, in April 2013 it was estimated that 671 million people worldwide played online games. Almost a quarter of these individuals did so on a daily basis and that number as a percentage of total online gamers continue to grow (comScore, 2013). An online game is a video game played over some forms of computer network, using a personal computer or video game console typically on the Internet. This network is usuallyRead MoreDota2974 Words   |  12 PagesA. Definition of terms DOTA - is a  multiplayer online battle arena  game in a three-dimensional environment, presented from an  oblique  high-angle perspective. The player commands one of 110  controllable character  Heroes. Each Hero begins the match at level one and becomes more powerful by accumulating experience points through combat, thereby leveling up to the maximum level of twenty-five. With every level gained the player either selects a new ability for their Hero to learn or enhance their general

Role of Accounting Standards in The Global Financial Crisis - Sample

Question: Discuss about the Response to Global Financial Crisis. Answer: Role of accounting standards in the Global Financial Crisis Global financial crisis was a huge tragedy that has affected most of the countries all over the world. The crisis was initiated in the year 2007 in the US markets. The global financial crisis is believed to be the worst event in the worlds economy. There were various reasons that caused the countries face the adverse impacts of such crisis.Accounting standards prescribed by the regulatory bodies were among the prime reasons that contributed to the occurrence of the critical incident (Kothari Lester, 2012). The approaches followed by theaccounting standard setters were considered to be inappropriate in various situations. To account for the financial instruments various methods were used and those instruments were required to be recognized at the fair value in accordance with theaccounting standards and this fact became the one of the main reasons for the global financial crisis. (Laux Leuz, 2010). At the beginning of emergence of the financial crisis in late 2007 the home loans tha t covered in special purpose vehicles were unable to meet their debt obligations because of sudden decrease in housing prices. As a result of which the financial institutions holding the low credit quality particularly the subordinated loans covered in the special purpose vehicles began to face huge losses. In the initial years the low quality debts had restricted market and huge demands as they were offering higher rate of returns. Consequently, the positive fair value adjustments were reported in the financial statements. However, with the increased pace of diminution in prices of the housing industry, the low quality debt market initiated disappearing leading to sudden decline in the fair values of these debt papers (Shiller, 2012).The overall impact of the subprime crisis had drastically influenced the several economies of world specially those which had purchased the poor quality debt papers. The institutions of finance had already made the securitisation of their mortgages and hence the special purpose vehicles had begun making losses ultimately leading to the financial crisis at the global level (Mishkin, 2011). International Accounting Standard Boards (IASB) response to the Global Financial Crisis The adverse impacts of global financial crisis together with the intense political pressures imposed the serious requirement on the IASB to make revision to its already existing accounting standards and to issue new and relevant standards to as to deal with the severity of the global financial crisis issues. In response to the global issue IASB has formed a Financial Crisis Advisory Group (Ait-Sahalia, 2012). The purpose of FCAG included the consideration of the process used to set the accounting standards. The directions of IFAC also included the possible improvements to be made in accounting standards. Further the group also considered the role of accounting standards in the global financial crisis and the adequacy of fair value accounting for the financial instruments. The FCAG has concluded that the standards of the accounting must be kept free from political interference. It was realised by the FCAG that existing accounting standards were not considering the entitys business mod el. It was held by the group that the major factor that led to the crisis was the approach of legal compliances in place of adhering to the principles of those accounting standards by the reporting entities. Following actions were taken by the IASB in response to the crisis: The amendments made by IASB in the accounting standards required the disclosures of various important elements of fair value accounting. The amendment of IFRS 7 was brought in this context which required the categorisation of fair value measurement of the financial instruments. IASB also published its proposals to improve theaccounting of the off balance sheet items. It also made amendments to the IAS 39 with the intention of reclassifying the financial instruments so as to ensure that the embedded derivatives are separated in the financial assets classification. IASB also attempted to bring the consistency in the accounting treatment between the generally accepted principles of accounting and the IFRS in relation to the credit linked investments. The disclosure requirement with regards to the impairment of financial assets. The IASB is continuously struggling to move rapidly to address the issues of financial reporting as were encountered by the global financial crisis. It is commit ted to develop the globally accepted approaches to maintain the consistency with the approaches followed in the global world (Ojo, 2010). The above mentioned actions provided the appropriate responses to the global financial crisis and the IASB has so far managed overcome the severity of the issue and thereby promoting the financial stability globally. However, looking to the complexities of worlds economy it can be said that the IASBs responsibilities in respect of maintaining the global financial stability has not ended here. It is still required to regularly amend and introduce the relevant standards of accounting on timely basis in order to satisfy the investors and the general public associated with the company. Revision and Introduction of New Accounting Standards By IASB With the occurrence of global financial crisis certain standards issued by the IASB received much attention and as a part of response to the crisis it has brought into the scope the amendment in IAS 39 which allowed the reclassification of financial instruments. As IAS 39 was critically condemned by the banking and other financial institutions for its method of valuing the financial instruments following the mark to market method (Haas Lelyveld, 2014). The banks argued that the mark to market method of measurement does not always provide the correct value of some of the parts of the balance sheets of the banks (Barth Landsman, 2010). Moreover, the earlier version of IAS 39 was also complex enough to deal with as it required classification of financial assets in four categories and the financial liabilities in two categories. Whereas, the revised IAS 39 requires the entities to classify its financial instruments only on two basis i.e. the instruments for which fair value method is u sed for recognition and the instruments for which amortised or historical cost method is used. Further, the IFRS 13: Fair Value Measurement and IFRS 9: Financial Instruments are also issued after the global financial crisis in order to improve the fair value accounting used by entities for measuring and recognising the financial assets and liabilities. Fair value accounting is given so much importance due to the reason that it allows the presentation and delivery of reliable and relevant accounting information to the readers of financial statements (Claessens Kodres, 2014). IFRS 9 is attempting to develop the standards relating to the derivatives, asset impairment and the hedging. With these changes IFRS 9 has reduced the discretion level in terms of classification of financial instruments so as to reduce the complexities of financial reports depicting such instruments. IFRS 9 promotes the uniformity and standardisation in financial reporting of the financial instruments and aims at enhancing the understanding and comparability of financial reports. The overall effect of IFRS is that there can be experienced more concentration on fair value accounting of financial instruments. AASBs response to the Global Financial Crisis The impact of global financial crisis had also touched the Australian economy and made it necessary for the Australian accounting standard setters to take appropriate actions to deal with the critical situation of financial crisis. Australian Accounting Standard Board is the statutory body which functions for the formulation and regulation of accounting standards for the reporting entities of Australia. AASB in response to the crisis introduced the amendments in the Australian accounting standards so as to ensure the consistency between the approaches followed by accounting standard regulators of other countries (Australian Government, 2008). The amendments were aimed at encouraging the Australian business entities to follow such accounting treatment as are globally accepted. AASB quickly responded to the IASBs actions in dealing with global financial crisis and hence made the amendments to the AASB 139 and AASB 7 when changes are made to IAS 39 and IFRS 7. In response to the crisis IASB had organised several round table meetings in the different countries like Tokyo, New York and London (Claessens, 2010). The participant countries were directed to identify the prime accounting issues that needs immediate attention. The chairperson of AASB at that time had also taken participation in these discussions. IASB through its enormous efforts is constantly trying to enhance the trusts of the investors and shareholders of the entities (Bengtsson, 2011). The initiatives that were taken by IASB and the Australian Board of accounting standard has time to time responded to them positively are: The improvement in the disclosures requirement of the off balance sheet items and the provision of clarification about the accounting treatment of financial instruments like embedded derivatives. These AASBs responses were intended to bring the convergence with the IFRS responses. References: Ait-Sahalia, Y., Andritzky, J., Jobst, A., Nowak, S., Tamirisa, N. (2012). Market response to policy initiatives during the global financial crisis.Journal of International Economics,87(1), 162-177. Australian Government. (2008) Australian Accounting Standards Amended in Global Action to Address Impact of Credit Crisis: available at: https://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2008/067.htmpageID=003min=njsYear=DocType= (assessed on: 29.09.2017) Barth, M. E., Landsman, W. R. (2010). How did financial reporting contribute to the financial crisis?.European accounting review,19(3), 399-423. Bengtsson, E. (2011). Repoliticalization of accounting standard settingThe IASB, the EU and the global financial crisis.Critical Perspectives on Accounting,22(6), 567-580. Claessens, S., Kodres, L. E. (2014). The regulatory responses to the global financial crisis: Some uncomfortable questions.c Claessens, S., DellAriccia, G., Igan, D., Laeven, L. (2010). Cross-country experiences and policy implications from the global financial crisis.Economic Policy,25(62), 267-293. Haas, R., Lelyveld, I. (2014). Multinational banks and the global financial crisis: Weathering the perfect storm?.Journal of Money, Credit and Banking,46(s1), 333-364. Kothari, S. P., Lester, R. (2012). The role of accounting in the financial crisis: Lessons for the future.Accounting Horizons,26(2), 335-351. Laux, C., Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis?.The Journal of Economic Perspectives,24(1), 93-118. Mishkin, F. S. (2011). Over the cliff: From the subprime to the global financial crisis.The Journal of Economic Perspectives,25(1), 49-70. Ojo, M. (2010). The Role of the IASB and Auditing Standards in the Aftermath of the 2008/2009 Financial Crisis.European Law Journal,16(5), 604-623. Shiller, R. J. (2012).The subprime solution: how today's global financial crisis happened, and what to do about it. Princeton University Press