Romeo And Juliet by William Shakespeare :: Papers

Romeo And Juliet by William Shakespeare This scene is a turning point in the play, showing how Romeo is drawn into the violence that haunts Verona. He enters full of the optimistic joys of love; at the end, he flees into banishment, leaving behind him the bodies of Tybalt and Mercutio. At the beginning of the scene as Mercutio and Benvolio enter; Shakespeare is quick to build up the threat of danger. Straight away, Benvolio is making an excuse for why he Mercutio should withdraw, "I pray thee, good Mercutio, let's retire". Benvolio is simply trying to keep the peace, as he knows Mercutio has a short temper. He is obviously very worried about the threat of danger, as shown by his language, "I pray thee". The Montague's seemed worried, upon the arrival of the Capulet's, fearing that they may be irritated that they sneaked into the Capulet's party, but it seems that is not the reason for the apprehensiveness. Mercutio stirs trouble with Tybalt, but Tybalt doesn't really want to hurt Mercutio, as he knows he ´ s only teasing around, and Mercutio isn't a Montague, but Tybalt however wants a word with Mercutio ´ s good friend, Romeo. Tybalt settles the quarrel with Mercutio when Romeo turns up on the scene. Tybalt accuses Romeo of being a villain, Romeo tries to reason with Tybalt, and even goes as far as saying 'And so good Capulet, which name I tender as dearly as my own, be satisfied ´. Mercutio cannot believe this; he calls it a vile submission, and so shows a little more hatred towards Tybalt. Mercutio is portrayed as a very playful character, For example in Zeffirelli's version of the play Mercutio is washing in the fountain, Mercutio is shown to be having a good time and knows that he does not have to leave, therefore why should he. He has a good reason to stay where he is, although Benvolio is desperate to prevent trouble and tries to get Mercutio to leave. Benvolio has intervened previously when Mercutio has been in trouble, but Benvolio is kept on the

Grapes Of Wrath Essay -- essays research papers

John Steinbeck’s novel, The Grapes of Wrath is one of the most influential books in American History, and is considered to be his best work by many. It tells the story of one family’s hardship during the Depression and the Dust Bowl of the 1930’s. The Joads were a hard-working family with a strong sense of togetherness and morals; they farmed their land and went about their business without bothering anyone. When the big drought came it forced them to sell the land they had lived on since before anyone can remember. Their oldest son, Tom, has been in jail the past four years and returns to find his childhood home abandoned. He learns his family has moved in with his uncle John and decides to travel a short distance to see them. He arrives only to learn they are packing up their belongings and moving to California, someplace where there is a promise of work and food. This sets the Joad family off on a long and arduous journey with one goal: to survive.   Ã‚  Ã‚  Ã‚  Ã‚  In this novel Steinbeck set forth with the intention of raising awareness to the general public of the difficulties and injustices these migrants faced during this period in time. It exposed the methods of the California farmer to use the migrants in order to lower their costs and make their profit margin higher. How they starved and cheated the poor, working man, in order to keep him desperate for food and too weak to protest. Above all, it showed everyone that these â€Å"damn Okies† were all simply men, women and children, no different from anyone else, just poorer. They were human beings with feelings and not the uncivilized beasts they were portrayed as at the time. Steinbeck portrays the â€Å"Okies† in a way no one before him had, and also managed to keep their story true to life. He did this by mainly using dialect, and wrote the â€Å"Okie† dialect just as it was spoken, breaking the lines of proper grammar and spelling. If he was con cerned with such things it would have ruined the personality of the characters. His unique writing style to capture the atmosphere of these people and the era is evident in this excerpt from his book:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  &nbs... ...nbsp;  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Barror-6 any sort of symbolism to mask the meanings behind his words. He comes right out and states the events that have led up to this point and says there will be a revolt eventually, the question is simply when. They were hungry, and they were fierce. And they had hoped to find a home, and they found only hatred. Okies—the owners hated them because the owners knew they were soft and the Okies strong, that they were fed and the Okies hungry; and perhaps they had heard from their grandfathers how easy it is to steal land from a soft man if you are fierce and hungry and armed. The owners hated them. And in the towns, the storekeepers hated them because they had no money to spend. There is no shorter path to a storekeeper’s contempt, and all his admirations are exactly opposite. The town men, little bankers, hated the Okies because there was nothing to gain from them. They had nothing. And the laboring people hated the Okies because a hungry man must work, if he has to work, the wage payer automatically gives him less for his work; and then no one can get more. (318)

Lady Liberty

It was 1885 in New York City. A little boy named Frederick Bloomsmen was hurrying down the streets to get to his master's shop. â€Å"Mayhap if I hurry, I'll get to see Lady Liberty,† Frederick thought. But as he ran along, he heard the town clock strike 6:00. â€Å"Oh no! I've got to make haste!† Frederick said desperately. Frederick had been delivering a saddle to the cart builder and had spent too long talking to the cart builder's son. Slam! The door to his master's store opened and shut as Frederick ran in. â€Å"Where have you been† Mr. Ezra (for that was Frederick's master's name) roared. â€Å"Delivering the saddle, sir, just as you asked me to,† Frederick answered timidly. â€Å"Well, you're late!† Mr. Ezra boomed. It was finally Saturday, Frederick's day off. He ran down the streets, as if racing the wind to see who could get to Lady Liberty skeleton first. Suddenly, he stopped still, for in a shop window sat the loveliest carved figure of Lady Liberty herself! His eyebrows slid up. He ran into the shop. â€Å"Excuse me, sir, how much money is that figure of Lady Liberty?† Frederick asked. â€Å"Well laddie, it's worth 15 cents but I'm lowering the price to 10 cents.† â€Å"Ten cents,† Frederick's head rang out as he ran home, â€Å"Where can I get such a fortune?† The next Monday, Frederick had almost forgotten the figurine. â€Å"Mr. Ezra, sir, may I please have my wages?† â€Å"All right, lad, but only because you haven't been sassin' me.† He opened the cash register and dropped a nickle into Frederick's outstretched palm. Halfway there! Frederick's head seemed to yell out with joy. Now he thought about how pretty that figure would look on Mama's mantle. † I'll give it to her for her next birthday,† he said aloud. â€Å"What was that, boy?† Mr. Ezra said. â€Å"Nothing,† Frederick said quickly, blushing bright red. The next morning after his chores were done, Frederick ran to the shop where the figure of Lady Liberty sat, to see if she was still there. Phew! There it was, looking as gorgeous as ever. The next week, Frederick got his wages. Another nickle! He finally had 10 cents. But as he walked down the roads he thought, â€Å"What if they need just 10 more cents to finish the Statue of Liberty?† And so silently he headed for the donation box. He listened to the cling as the coins dropped into the box. As the months flew by, Frederick's birthday was drawing nearer. One day, as he was running down the streets to see the Statue of Liberty, a shopkeeper (actually the very one that carried the figurine of Lady Liberty) called out from his shop. â€Å"Frederick! Wait! I've got a birthday present for you!† So Frederick stopped and went inside the shop. The shopkeeper handed him a small box. â€Å"Open it,† he urged. As Frederick did so, his eyebrows slid up as his mouth went down. For there, beautifully arranged in a pile of white tissue paper, sat the figurine of Lady Liberty! Frederick felt dizzy with happiness as he left the shop. Mama's birthday came just as quickly as Frederick's had. Frederick re-wrapped Mama's birthday present. When the time came for her to open it, her mouth dropped in surprise. â€Å"Why Frederick, where did you get this?† she asked in bewilderment, â€Å"It's beautiful! I absolutely love it! I'll put it on the mantle.† Frederick had to tell her the entire story, which was similar to the one I have just finished telling you now.

High School and Old Cassette Recorder Essay

My hobbies Almost everybody has some kind of hobby. My hobbies are listening to music , watching television and reading books. I am very fond of music. When I am free, I often listen to my favorite songs from an old cassette recorder. At weekends, I usually go to music shops in the downtown areas to buy good CDs. Of the famous pop singers, I prefer Frank Sinatra, Elvis Presley, Madona and Paul MC Cartney. I also spend an hour after dinner watching news and documentary programmes. I particularly enjoy the program â€Å"The World Here and There† because it broadens my knowledge of nature and human civilizations. My favourite book is ‘’Treachery’’. Its author is Elxan Elatli. I think that my hobbies are very useful. They widen my knowledge, relax my mind, and make me feel better about myself. My favorite hobby is playing drums. I spend a lot of my free time playing drums. I started learning to play drums when I was 9 years old. I played in my school’s band. When I was 12, I got a private drum teacher and started to really enjoy playing. My parents bought me a drum set. An important event in my life There are so many events happened in my life and most of them consist to be an important part of my life. They are precious because I can learn much from them or sometimes they can make me feel better when I am sad. I think the event which influent me most is happened at my senior high school. When I was in my third grade of senior high school, I should choose the university and the major which I want to go on my further study after the college entrance examination. After the score came out, I chose doctoring as my first major. But my parents disagreed that strongly. Because I never said that I wanted to do something in the future relative with the medical career before. Both of them let me thought carefully because to be a doctor was very toilsome. Also, doctors always shift their work and they should go to work at night even. That’s a tired job. In addition, the process of being a doctor was difficult, too. My mother wanted me to be a teacher as her. At that time, I was so confuse that I didn’t know which one was suitable for me to choose. I knew what the advice my parents gave was good for me. I also knew my future was belongs me and I should make the choice by myself, not my parents. Maybe to be a teacher was good, but I didn’t like .After this event, I decided all over the things by myself. i chose the tourism. Like the debates, although sometimes our opinions are different, we communicate our thoughts and make the choice depend on our own. If we hesitate to do one thing and do not make up our mind, we can’t do the thing successfully

Physiological Adaption Fish Essay

Adaptation of Fish to Its Environment BIO101 March 11,2013 Physiological Adaptation of Fish to Its Environment All organisms around the world are sparsely distributed depending on the environment that best suited to their modes of survival. Organisms undergo adaptation – an evolutionary process where they became well-suited to a particular. The process of adaptation happens through the natural selection, whereby nature selects those organisms that suit a certain habitat and sustain them for successive generation and ones that do not perish, hence the theme of survival for the fittest. The surviving species pass the same favorable features to their generation for their further survival after a progressive reproduction. Physiological adaptation of fish to their habitat depends on what the nature favors to suit them. Below is the illustration of the external and internal features of a fish (â€Å"Internal Salmon Anatomy Worksheet Key,† 2011): Water bodies have a diversity of conditions that enable fishes to adapt to their survival. The physiological adaptation of these animals varies to a particular habitat, and it relates to how their metabolism works to counter the changing environment. Fish metabolic activities seek to regulate their body functions in any opportune change of their environment and adapt to it. To control the body temperature, fishes undergo physiological thermoregulation. The physiological and metabolic activities regulate the body temperature and maintain it by means of countercurrent exchange system. The countercurrent exchange system is one where the hot blood in the blood vessels, as a result of muscular activities, passes along and gives up some heat to the blood in the adjacent blood vessels, which is flowing to the other parts of the body. This way fishes are able to keep warm. Fish also have the survival tactics in areas where water temperatures are on the point of freezing all the year round – like in the Antarctica region. In order to overcome the darkness due to the ice over the water surface, fish have a specialized sensory system called mechanosensory lateral line, which enables them to sense the motion of other animal in their environment and allows them to feed. However, some fish subspecies normally live in the freshwater and in seawater depending on the environmental opportunities that affects their chances to survive (WhyEvolutionIsTrue, 2012). Freshwater fish have a mechanism, which makes possible them to concentrate salt within their bodies in the environment of salt deficiency; consequently, marine fish have the capability to excrete excess salt in the hypertonic environment. The latter as well has chloride cell in their gills, which produce enzyme called gill Na+/K+ATPase that enables them to ride their plasma of excess salt build up when they drink seawater. The enzyme is applied to pump sodium out of their gills using the energy generated from the muscle. Freshwater fish have a physiological mechanism that allows them to concentrate salt and compensate their sanity environment. They achieve the balance of the body and that of the surrounding by producing very dilute, copious urine to rid them of the excess water in their body while taking ions through their gills (â€Å"Fish in Their Environments: Habitats & Adaptation,† 2010). Their adaptation favors their capability to adjust to the changing environment. The swordfish has a modified eye muscle with a concentration of mitochondrion cells. The mitochondrion organelles perform the duty of breaking down of food to obtain energy for normal eye movement and to provide heat for blood going to the brain. The physiological system of fish also operates within a fluid environment despite the change its environment. Osmoregulation in fish aims to get a stable balance of uptake and loss of water and solutes through their excretory organs. Marine fish, for example, bony fishes, are hypo-osmotic to seawater; respond to loosing water in their bodies by osmosis and gain salt by diffusion and from the food they eat. They also take up chloride ions through their skin and gills to balance osmotic condition of their environment. In conclusion, fish, like all other animals, have their mode of adaptation to survive in their habitat regarding the circumstances that occur. They will continue to reproduce passing those adaptations to their next generation. References Internal salmon anatomy worksheet key. (2011, January 14). U. S. Fish & Wildlife Service. Retrieved from http://www. fws. ov/r5crc/salmon/workbook/homework_salmon_anatomy_internal_key. htm Fish in their environments: Habitats & adaptation. (2010, March 3). Earthguide. Retrieved from http://earthguide. ucsd. edu/fishes/environment/environment_zones. html WhyEvolutionIsTrue. (2012, April 11). Parallel adaptation in fish: Same genes used over and over. Why Evolution Is True. Retrieved from http://whyevolutionistrue. wordpress. com/2012/04/11/parallel-adaptation-in-fish-same-genes-used-over-and-over/

Gangs and Gang Culture Essay

Casper Walsh is a journalist and author including the sixties Gangster story. His childhood was surrounded by crime and violence. He has been involved with the British prison system since he was 12 years old, as a visitor when his father was in prison, an inmate and now a rehabilitated drug user and creative writing workshop facilitator. The Guardian is a British national daily Newspaper that identifies with centre liberal nationalism and its readership is generally on the mainstream left of British political opinion. It is and readership is mainly white middle class people and its headquarters are in Manchester. This text portrays the picture about the media perception of gangs in our society. According to the author the term gang is usually associated with crime and violence by the media which has made not only youth male, but also working class individuals victims of media stereotyping. He is trying to point out the fact that the media is actually painting a bad picture and only covers the bad side of the gangs. He is also trying to attack the press and convince the reader that gangs are not all that bad and they are necessary in the process of growing up. The text is meant to show that there is nothing new or that scary about gangs, and that youths in every generation will always risk being bad. As a reader of this text I think that the media likes the idea of talking or writing about things that attract the attention of news readers. This makes it difficult sometimes to have a balanced opinion on this particular issue. Stories of this nature such as the negative side of gangsters attract a lot of attention from the readers so media tend to exaggerate when reporting and in this present day people respond to the media views. In this text the writer makes use of stylistic features such as â€Å"irony and paradox. In paragraph 1 there is of an ironical statement when he refers to â€Å"the non-existent good old days† by this he means that every generation has always had some youth behaving differently. In other words society seems to think that youth behaviour in the present time is worse than the one from the past which is not always the case. The fact of the matter is that every generation has always had its fair share of youth trouble. There is also an example of a paradox as stylistic feature in paragraph 1 where the writer talks about â€Å" rooftop shouting and table banging about the breakdown of teenage society†. He thinks that the media is creating a moral panic by portraying youth behaviour as big crisis out of control. For example the media will talk about dysfunctional families, as the cause of crime and violence in our society. But it is true that not every criminal comes from a dysfunctional family although some do. In my opinion I think the use of figures of speech is necessary for the writer to be able to deliver his message in a way that is not offensive to the reader. The fact that he is writing to particular class of people, it is important that the author communicates to them in a language they will understand. I find the word â€Å"Dim view† used by the writer in paragraph 1 inappropriate since what is dim to one person will not necessarily be dim to another. This text portrays the writer`s personal opinion of the media when covering gang related issues in our society. The writer puts all the blame on the press and doesn’t at any one time show that there are bad gangs who do horrible things. The sense of passage would change if the point of view was varied. I find the writer`s opinion not balanced because it only talks about his side of the story. There is some truth in what the media covers on gang related issues. We live in a free and fair society where most people have a choice about decisions that affect their lives. This applies to youth in our society having a choice of whether to join a gang or not without affecting their livelihood. It is not infact a necessity to join a gang in order for you find your identity as a person. People can choose alternative routes to gangs by joining activities such a social sports club, a church and still find themselves. The author only talks about male and youth yet at present we have female gangs and not everybody in gangs is necessary youth. Gangs have lords who are old mature people who actually run and use the youth to do the dirty work for them. The author is writing based on his own experiences and encounters and another person who had a normal life cannot look at gangs the same way. Looking at the facts of this text it is clearly stated that the writer comes from a gang and criminal back ground. My research about the writer found that not only himself but also his father was in jail for sometimes and as a result of this the author was influenced to work with offenders in and out of prison. In the light of this the author will have biased views on this matter to support his background and the people he stands for. The fact that the author is addressing the media which is made mainly with middle class people such as journalists , he makes use of the Guardian newspaper to conveys his message accordingly. Perhaps the author`s text would have changed in terms of tone and balanced view if he had used a different category of paper. I think he would have done some research and would have been able to find evidence to support his arguments. In addition to this he might have used a simple way of writing his text to put his message across.

Accounting for Research and Development Deals Activities

The accounting for research and development deals with activities that improves the processes and product. The terms of research and development is used in the standard with the following meaning. Research is the planned and the original investigation, which is undertaken by the entity to gain technical and scientific knowledge and understanding. On the other hand, development is the application of the knowledge gained or using the finding from the research for producing improved or new product, processes, services and material. The development is undertaken prior to the commencement of the usage and commercial production. The activities encompassed in the research and development is difficult to identify (Barge-Gil & Là ³pez, 2014).    The definition provided assist the reporting entities in classifying their activities under the research and development. The distinction of the activities are based on the organization types, types of the project undertaken and the types of business. The medium sized firm had confusion about the formal definition of Research and development while the small firms understood the concept of R & D in an informal way. The FRS – 13 deals with the accounting for the activities related to the research and development. The activities related to research and development are distinguished from those activities that are non-research based because of the absence and presence of ‘appreciable elements of innovation’ (Bebbington et al., 2014). The core accounting rule in the area of research and development are the expenditures that is to be charged as an expense when incurred. The expenditure, which is incurred on research, is not directly related to the future economic benefits and capitalizing the ‘cost that does not comply with the accrual concept’. The expenditure related to the research, development is written off to the account of profit and loss, and this is because the expenditure on the research does not provide the entity with the direct future economic benefits. The expenditure on the development cost has to be written off as the expense incurred to the profit and loss account. However, there is the option of deferring the expenditure incurred in development and it can be carried out as the intangible assets on the entity meeting some criteria. The research and the development costs are need to be separated in order to achieve the reasonable degree of comparability between the accounting period of the same entity and between the entities (Bowen et al., 2013). For sustaining the dynamic economy of New Zealand, the research and development is an important concept. The socio economic issues of New Zealand is addressed sing the accounting for R & D. The literature review is provided on the expenses relating to R & D. The harmonization in the accounting treatment of the research and development is unlikely to happen. The capitalization of R & D has always remain a controversial issue. The revised International accounting standard 38 make the distinction between the development and the research phase. The expenditure of carrying out research should be treated as an expense (Deegan, 2013). A reporting entity cannot demonstrate during the research phase of the project that whether the intangible assets are capable of generating the probable future economic benefits or not. The expenditure on research should be recognize as expense and there is the need to recognize the assets arising from the research. The intangible assets needs to be recognized in the development phase if the entity is able to demonstrate the ability to sell or use the assets. The entity also needs to demonstrate the whether the intangible assets are technical feasible for using or selling purpose. The ability to measure the expenditure related to the development to of the intangible assets should also needs to be demonstrated. The treatment of research and accounting provides for the flexibility between the choice of capitalizing and expensing. As a result of which, the companies that are more leveraged are encouraged to activate their cost related to R & D rather than expensing them. The managers ar e motivated to prevail such accounting decisions over the other. It is argued that the high debt level forces the company to capitalize on the expenditure of R & D. The choice available to the company because of this decreases the debt ratio and increases the accounting profit. The firms are encouraged to make the accounting decisions that are income increasing (Daske et al., 2013). The accounting for research and development has the implication on commercial environment in terms of the accountability initiatives. The development and the research makes the strategic focus rather than the university accounting and the professional curricula. The developments provide the platform for the wider interest of public and this improves the relevance of the information to enhance the process of decision-making. The various business leaders and the accounting profession has embraced different types of corporate reporting. This is known as the integrated reporting. The research and development would enrich the appreciation and understanding of the accounting academics of New Zealand for the achievements and efforts of the early builder sin the accounting field (Dinh et al., 2015). The basic issue concerning the accounting for research and development is the expenditure. The expenditure associated with the research and development is that there is no certainty in the future benefits and it makes it difficult to treat and record the expenditure as an asset. Because of this, the GAAP has made it mandatory to charge the expenditure as an expense incurred. However, this cannot be regarded as entirely pervasive as there are some limitations to it (Mynatt & Schroeder, 2012). The current tax treatment about research and development is uncertain. The measures of taxation does not have anything to address the uncertainty. The uncertainty over the treatment of taxation of research and development is not addressed sing the current measures. The main area of concern is the revenue and capital R & D expenditure. The ambiguity in the treatment of taxes comes from whether the cost are classified as capital or revenue. If the taxpayer has enduring benefit, then the cost is classified as expenditure and otherwise it is classified as the revenue expenditures. It is not clear in the tax law of New Zealand when the expenditure related to the R & D is immediately deductible and when the expenditures are not immediately deductible. This comes with the risk of disputes that are potential in nature. This risk of disputes exist with the Inland Revenue. When the taxes are underpaid, this comes with the risk of use of money interest and penalties (Healy & Palepu, 2012). The method of accrual accounting in New Zealand is faced with a number of issues. The reporting entity encounters with a number of issues when they intend to correctly identify the cost related to the research and development. The accounting treatment of the cost for the purpose of tax is also the major issue faced by the reporting entity. The financial reporting standard relies on the accounting treatment for the amortization of the development expenditure at the end of the process of research and development. The development of the New Zealand equivalent to the IFRS for the purpose of application by the entities of New Zealand. This would also include references to the regulatory environment. The harmonization of the financial reporting standard by liaising with the Australian accounting standard Board. There are also new development in the business environment (www.ifrs.org, 2016). The tax rule concerning the research and development is about the cashing out off the losses from taxes. The companies building the service or product would make the expense until the development of the product and it will make losses until the revenue is being generated. The losses attributable to the development would be carried forward to the next year when the company starts making profit by selling the developed products. The changes allows the tax loss due to research and development to cash out their loss, which arises from the expenditure of the research, and development. The new development focuses on the newly started companies who are engaged in the intensive research and development. This is intended to reduce the exposure of the startups to the market failure and the distortion in the taxes, which arises for the treatment of the losses attributing from taxes in the current scenario (Kelsey, 2015). Expenditure accruing to certain types of expenditures are not included in the measurement and the cost that are claimed by the company must be related to the research and development. The cost might include office cost relating to R & D, wages, salaries and the contractors cost. It also include the depreciation of the assets that are solely used for the purpose of research and development. The newly developed regime allows cash out losses. However, there are some limits imposed by the regime. The cost related to the research and development shall comprise of all the activities that are directly attributable to the activities undertaken under the research and development.   The cost needs to be allocated to such activities on a reasonable basis. The research and development costs between the entities should be separated to make a reasonable degree of comparability. The distinction should be made between the development cost and research cost. The proposal is to address the uncertainty by clarifying the revenue or capital boundary. This is done by allowing the taxpayers to follow such accounting treatment where the expenditure related to the R & D is immediately written off for accounting. This will immediately deducted for the taxation purpose. Any types of expenses incurred in undertaking and carrying out the research are deductible immediately for the taxation purpose. There are some criteria for the treatment of the expenditure on development and this decides whether it will be immediately deductible or not. This will provide the payers of taxes with more certainty and the result would be the fewer disputed between the Inland Revenue and the taxpayers. This will help the businesses to focus less on the tax affairs and enable them to concentrate on their businesses (Knechel et al., 2012). The adoption of International reporting standard in New Zealand has reassessed the role of financial reporting standard board (FRSB). The FRSB needs to add material, which would describe the applicability and the scope of the standard in New Zealand. Some of the arguments can be made about the future developments. Due to the cost incurred in the research and development, the economic benefits are expected to flow to the entity; therefore, it can be argued that rather than treating the cost as an expense, it should be treated as assets. This is so because it is align with the assets definition prescribed by the International accounting standard framework for the preparation and the presentation of the financial statements and with the statements of principles. There is a need to provide accountants in New Zealand with more information so that the situation is clarified. The development and the adoption to the international reporting standard will make possible the comparability and th e universality of the accounting treatment of the research and development internationally and regionally (Samkin & Deegan, 2012). The accounting standard board of New Zealand issues the accounting standard in New Zealand. The profit entities reports under the International financial reporting standard (IFRS) of New Zealand. These are the standards developed by the accounting standard board of New Zealand. The External reporting board does the approval of these standards. The entities are adapting their financial function as per the standard to achieve the efficiency for long term and met the requirement of the standards. The entities, which are currently reporting under the old GAAP, will need to be adapt to the New Zealand International financial reporting standard. However, the International financial reporting standard of New Zealand and International financial reporting standard are different (Naranjo et al., 2015). The former also deals with the domestic standards and this deal with the areas that are not dealt under the IFRS. The transitional requirements of both the standard are different (Nobes 2014).The framework of accounting standard at the current scenario is implemented in three stages. In the first stage, the entities which mainly involves changes to the profit entities accounting standard. The second stage involves changes for public entities. Thirdly, the changes to the accounting standard of the profit and public entities. The companies that is the reporting entities are significantly affected by the accounting of the research and development. However, it is more confined to the entities engaged in the research and development. The purpose of the report is to provide the insight into the accounting for the research and development in New Zealand. There are some gaps as per the literature review. The analysis presented in the reports suggest that the financial reporting regime of the international accounting standard is viable and is an alternative to the existing financial regime of New Zealand. Adopting to the International Financial reporting standards would provide the country with the long-term net benefits. The country should adopt to the IFRS in a manner, which would preserve their commitment to such financial reporting standard, which is sector neutral for New Zealand. New Zealand should look forward to ensure the high standing in the long term and should not be complacent. The country can be an important contributor in the development of the internationally accepted financial reporting in the accounting of research and development. Barge-Gil, A., & Là ³pez, A. (2014). R&D determinants: Accounting for the differences between research and development.  research Policy,  43(9), 1634-1648. Bebbington, J., Unerman, J., & O'Dwyer, B. (2014).  Sustainability accounting and accountability. Routledge. Bowen, R. M., Jollineau, J., & Margheim, L. (2013). Corporation's Intellectual Property: Accounting For Research And Development Under US GAAP Versus IFRS.  Journal of Business Case Studies (Online),  9(4), 321. Daske, H., Hail, L., Leuz, C., & Verdi, R. (2013). Adopting a label: Heterogeneity in the economic consequences around IAS/IFRS adoptions.  Journal of Accounting Research,  51(3), 495-547. Deegan, C. (2013).  Financial accounting theory. McGraw-Hill Education New Zealand. Dinh, T., Eierle, B., Schultze, W., & Steeger, L. (2015). 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