Pollution Control Policy Essay Example | Topics and Well Written Essays - 1250 words

Pollution Control Policy - Essay Example Proponents and opponents of air pollution control policy now accept the protection of the public health as a political reality. The need for clean air is considered to be "a uniformly agreed-upon problem" or a "valence issue" (Baumgartner and Jones, 150). Nobody can be against the public good of clean air. Despite general agreement of the public, legislators, regulators and the regulated that clean air is important, many urban areas in the United States struggle to meet national air quality standards as the EPA continues to set stricter emission thresholds. The EPA has tracked emission levels of six criteria pollutants deemed harmful to human health - nitrogen dioxide, ground level ozone, sulfur dioxide, particulate matter, carbon monoxide, and lead - since 1970. However, the persistence of the ground level ozone pollutant (commonly called either smog or ozone) troubles those who wish to protect the public health. The adverse health effects of acute and chronic exposure to ozone are more fully documented each year. While levels of some criteria pollutants (i.e. lead and carbon monoxide) have declined significantly, levels of ozone and particulate matter have not (Smith, 29). The EPA determined in 1997 that 122 million Americans, or 46% of the population, lived in smog-plagued areas (D oyle, 348). The EPA reported in 2004 that 112 million people across the nation still lived in 68 metropolitan areas classified in nonattainment of the national air quality standard for ozone. Regulators describe long-term exposure to ozone levels above the threshold set by law as extremely hazardous to human health (Smith, 34). From the critical perspective, there is a pressing need to establish radically new air pollution control policy. Contemporary business practice provides some important patterns in understanding policy new direction. It is evident that due to growing compliance costs, environmental expenditures have begun to play a major role in the policymaking decisions of companies. As a result, the environment is increasingly being used as a strategic tool to reduce cost and increase competitive advantage. Adequate and effective air pollution public policy should be largely based on firms' strategic needs to economize and being competitive. BACKGROUND: CURRENT POLICY FAILURE The continuing political controversy surrounding compliance with the provisions of the Clean Air Act suggests that the problem of national air pollution control is not going away either quickly or easily. Solutions to this challenging policy problem often appear partial and ineffectual. Four reasons for impaired policy effectiveness are suggested. First, the way in which federal regulators define and measure compliance with the law may not achieve consensus among the disparate participants in the implementation process. Even when participants do work together, gamesmanship among players who do not see themselves as equals on a level playing field may interfere with moving toward the same goal. The lack of consensus may continue until all the key players hold to some expectation of a common outcome (Bardach, 85). A second reason policy effectiveness may be impaired is due to the many participants in the fragmented federal hierarchy who represent multiple decision or veto points in the

McDonald's Financial Accounting Essay Example | Topics and Well Written Essays - 1500 words

McDonald's Financial Accounting - Essay Example McDonald’s was formed in 1940 as a barbeque restaurant but later developed into a huge chain of hamburger fast food restaurants. â€Å"McDonald's is the leading global foodservice retailer with more than 33,000 local restaurants serving more than  64 million people in 119 countries each day. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local men and women† (About McDonald’s.com, 2011). The accountant’s report accompanying the Annual Report usually refers to the auditor’s report. The purpose of the accountant’s report is to give an opinion on the presentation of the financial performance of the organization. The auditors review the entire financial data before forming an opinion on the financial statements of an organization. The accountant’s report of McDonald’s is reviewed by the Ernst and Young, who are a Public Accounting firm and are the auditors of McDonald’s. According to them, the financial statements of McDonald’s seem to be fairly presented in all material respect and that the financial statements are prepared in accordance with the U.S Generally Accepted Accounting Principle. The main idea or the main purpose of this report is to assure the shareholders and the investors that the company in question is not performing any fraudulent activity that may not be in line with their respective objectives (McDonald’s, 2010) Financial Statements are a proper record of financial performance of any given business entity. These financial statements provide a reflection of an organization’s performance with respect to the resources being used in order to attain the favorable/unfavorable results. The most important financial statements are: Income Statement The income statement displays the net profit or loss made by a company through the normal course of its operation. The profit or loss reported within the Income statement pertains to a specific period of time (usually 12 months which constitutes a year end). The only transactions recorded within the Income Statement are those which affect the profit. These transaction normally tend to be affiliated with the income earned and the expenditure incurred during a period of time. The Consolidated Income Statement of McDonald’s shows a profit of $4946.3 million in the year ending 2010. This profit figure is 8.6% and 14% higher than the profit figures of 2009 and 2008 respectively. These figures clearly suggest that McDonald’s has performed extensively well; keeping in mind the global economic crisis that had prevailed within the global economy(McCallig, 2008). Balance Sheet The Balance Sheet is a statement that portrays the result at any particular point in time. The Balance Sheet provides a snap shot of the entire business in question since its inception till the point in time when the Balance Sheet is created. The Balance Sheet is categorized into broader categories showing the assets, liabilities and the equity of a business entity. These categories are shown separately with the assets portion under one heading while the equity and liabilities portion under the other heading. The assets portion must eventually tie up with the amount displayed under the equity and li