Business Accounting The Process of Financial Reporting

Question: Describe about the Business Accounting for The Process of Financial Reporting. Answer: Introduction The present study concentrates on the evaluation of the notion of prudence in the process of financial reporting with special reference to the functionalities of the corporation Sea link Travel Group. In addition to this, the present segment also emphasizes on the reason behind the significance of prudence in financial reporting and elucidates different examples of application of the prudence in the annual report of Sea Link Travel Group. Thereafter, the present section sheds light on the discussion as to application of prudence. Furthermore, the present segment also expounds in detail different implications of the applications of prudence for financial reports in future financial year. Sea Link Travel Group is an Australian public corporation that functions as tourist as well as travelservices. 1: Evaluation of the concept of Prudence As mentioned in the Framework for the Preparation and Presentation of Financial Statements that is the complied framework issued by AASB, prudence can be considered as the addition of a certain degree of concern in the process of establishment of judgement required in presenting the approximation necessary under circumstances of uncertainty (Aasb.gov.au 2016). The maintenance of prudence can help in avoiding overstatement of the assets as well as income and understatement of the liabilities as well as expenses. The preparers of the financial declaration need to deal with the uncertainties that unavoidably surround definite events as well as state of affairs that include the collection of different doubtful receivables, plausible economic life of plant as well as equipment including the number of the warranty claims that might happen (pwc.in 2016). The notion of prudence also referred to as the conservatism principle can therefore, be regarded as the accounting principle that calls fo r the need of registering diverse assets as well as liabilities as soon as they take place but recording revenues only after realization or when they are necessarily assured as mentioned in AASB 118 (Aasb.gov.au. 2016). Therefore, in the present case, the management o f the company Sea link Travel Group need not recognize assets at a greater value that the particular amount that can be recovered from the sale or application. Similarly, the management of Sea Link Travel Group also need to ensure that liabilities are not identified at a lower value than what is anticipated to be in the forthcoming period (Sealinktravelgroup.com.au 2016). 2: Reason behind the significance of prudence in financial reporting As mentioned in the Framework for Preparation and Presentation of Financial Statements (AASB CF), the concept of prudence has need of exercising a degree of caution in the process of adoption of strategies and significant approximation (accaglobal.com. 2016). This can ensure that the assets as well as the income of the business entity are not overemphasized while liabilities and at the same time expenses are not understated. Therefore, the justification behind prudence is that the accounting principle can help in ensuring that the corporation need not identify an asset at a value that is higher than the amount that is anticipated to be recovered from the sale or application (Ifrs.org 2016). There remains inherent risk associated to the overstatement of the assets and the earnings of the corporation by the management. This also includes understatement of the liabilities as well as expenses. In addition to this, the risk essentially stems from the fact that corporations often gain adva ntage from enhanced-reported profitability in addition to lower gearing through cheaper resource of finance and at the same time higher prices of share. Again, there exists risk associated to the advantage provided in the process of selection of the accounting strategies and approximations that might again lead to bias in the process of preparation and at the same time presentation of the financial declarations directed at enhancing profitability as well as financial position by means of inventive accounting procedures. Therefore, the notion of prudence can help to make certain that this kind of bias can be encountered by the implementation of concern for process of approximation and the acceptance of accounting strategies. 3: Examples of application of the prudence in the annual report of Sea Link Travel Group The analysis of the financial statements of the corporation Sea Link Travel Group is presented as per the requirements of the Australian Accounting Standards as well as the Corporations Act 2001. As mentioned in the annual declaration of the company Sea Link Travel Group, the adherence to different accounting principles can ensure maintenance of internal controls that can enable the process of preparation of financial declaration free from material misstatement (Sealinktravelgroup.com.au 2016). The company maintains prudence to ensure presentation of the true and fair view to the users of the financial statements. For example, the revenue identification is essentially carried out on condition of the fulfillment of certain recognition criteria that can help in averting the overstatement of the same. Revenue of the corporation Sea Link Travel Group registers revenue when the significant risks as well as rewards of the possession of the goods can be passed to the purchaser and the cost borne can be enumerated reliably (Tourism | australia.gov.au 2016). Again, the revenue of the corporation from the ferry services are essentially recognized based on the departure date in which the consumers or else the groups that have made payments for the travel associated to the services have in reality departed. In addition to this, the revenue is also identified as the interest accrues by application of the effectual interest mechanism. In addition to this, the government grant can also be recognized at the time when there is rational assurance that the particular grant will be collected and it also adheres to different connected conditions. Again, yet another example of maintenance of prudence by the management of Sea Link Travel Group is recognition of the government grants. As per AASB 120, government grants need to be identified in profit or else loss on a methodical foundation over the time in which the business entity can identify as expenses the associated costs for whi ch the specific grants are proposed to compensate (Aasb.gov.au 2016). There are two different approaches that is the income approach and the capital approach for identification of the grant as per the standard. As per the annual statement, it can be hereby ascertained that the management of the corporation sea Link Travel Group abides by the accounting principles of prudence to avoid overstatement of the earnings and understatement of the liabilities. Discussion concerning application of prudence The applicability of the concept of prudence refers to the accounting principle that is essentially directed at the aversion of the registering different unrealised benefits and to be on guard for registered losses that can probably arise. The notion of prudence can be implemented while valuation of diverse current assets that comprises of the inventories, trade receivables, and present investments in the financial reports of Sea link Travel Group. In addition to this, the prudence also has the need for provisions for different probable events associated to loss that comprises of provision for doubtful debts. Again, the principles also include different accounting principles that refer to valuation of the inventories as per AASB 102 (Inventories) well as accounting for investments. Therefore, there is an insinuation of prudence in the standard on diverse fixed assets. Grounded on the principles of prudence, the accounting principle mentions that the valuation of the inventories needs to be valued with the intention of presentation of the financial declarations at cost or else the net realizable value and application of the one that is of lower value. In this way, the business concern also recognizes different probabilities regarding loss that are likely to stem owing to the decrease in the overall selling price of the entire commodity. However, the inventories are essentially valued at cost otherwise at the market value for a l ong period until the new standard on the prudence became operative. As mentioned in the annual report of the corporation Sea Link Travel Group, the inventories are essentially valued at the lower of the cost as well as net realisable worth (Sealinktravelgroup.com.au 2016). Again, the expenses of the firm are also identified net of the amount of the goods and services tax barring certain cases (accaglobal.com 2016). 4: Implications of the applications of prudence for financial reports in future financial year The application of the prudence in financial reports of the company Sea Link includes making provisions for doubtful debts in anticipation of actual bad debts, no provisions for discounts on creditors (Aasb.gov.au 2016). This also includes making provisions for discount on debtors with regard to discount, valuation of the stock-in-hand at the market price or else the cost price, whichever is lesser. In the present case, the company is said to government grant only when there is practical assurance regarding the receipt of the grant and compliance with other attached stipulations (PwC 2016). This practice is in compliance with the principles laid down in the definition, scope and accounting treatment of grant as conditioned under AASB 120 (Aasb.gov.au. 2016). As mentioned in the annual report of the corporation, Government grants are documented in profit or loss on a methodical basis over the time in which the business concern identifies as expends the associated costs for which the p articular grants are proposed to compensate (Sealinktravelgroup.com.au. 2016). This also complies with the accounting principles stated under AASB 120 10A (recognition and measurement). Again, the annual statement of the company Sea Link Travel Group states that Government grants when identified as assets are credited as deferred income in fair value and declared in the comprehensive income over an anticipated economic life of the respective asset by identical amount of annual installments. This also adheres to the principle as mentioned under AASB 120 paragraph 24 (Presentation of Grants Related to Assets) (Aasb.gov.au 2016). Therefore, it can be hereby inferred that there is maintenance of prudence in this case. Again, the prudence in statement of revenue requires adherence to certain principles. As mentioned in the conceptual framework AASB, revenue needs to be earned that stems from different business activities (Accaglobal.com 2016). This revenue also needs to augment economic benefits. In line with the requirement of the accounting standard, the management of the company Sea link Travel Group also identifies revenue to the extent that becomes possible that economic advantages can flow to the business entity that in turn can permit reliable measurement of the revenue (Sealinktravelgroup.com.au 2016). Conclusion The above study helps in understanding the notion of prudence as per the Framework for the Preparation and Presentation of Financial Statements that is the complied framework issued by AASB. This provides a clear overview regarding the importance of maintenance of prudence that can help in avoiding overstatement of the assets as well as income and understatement of the liabilities as well as expenses. Thereafter, the study provides deep insight regarding the justification behind prudence that replicates the fact that accounting principle can help in ensuring that the corporation need not identify an asset at a value that is higher than the amount that is anticipated to be recovered from the sale or application. In addition to this, the present study also elucidates in detail the implementation of the notion of prudence with special reference to the operation of Sea Link Travel Group. References Aasb.gov.au. 2016.Australian Accounting Standards Board (AASB) - Home. [online] Available at: https://www.aasb.gov.au [Accessed 26 Sep. 2016]. Accaglobal.com, A. 2016.Global body for professional accountants | Accountancy | ACCA | ACCA Global. [online] Accaglobal.com. Available at: https://www.accaglobal.com [Accessed 26 Sep. 2016]. Ifrs.org. 2016.IFRS - Home. [online] Available at:https://www.ifrs.org[Accessed 26 Sep. 2016]. Sealinktravelgroup.com.au. 2016.Home - Sealink Travel Group - Sealink Travel Group. [online] Available at:https://www.sealinktravelgroup.com.au[Accessed 26 Sep. 2016]. Chartered Accountants Australia and New Zealand. 2016.Charteredaccountants.com.au. Retrieved 29 September 2016, from https://www.charteredaccountants.com.au Sealinktravelgroup.com.au. 2016. Retrieved 29 September 2016, from https://cdn.sealinktravelgroup.com.au/Documents/Presentations/SLK_Full_Year_Results_2014.pdf Tourism | australia.gov.au. 2016.Australia.gov.au. Retrieved 29 September 2016, from https://www.australia.gov.au/information-and-services/passports-and-travel/tourism Aasb.gov.au. 2016. [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/ITC29_07-13.pdf [Accessed 29 Sep. 2016]. Accaglobal.com, 2016. [online] Available at: https://www.accaglobal.com/content/dam/acca/global/PDF-technical/financial-reporting/tech-tp-prudence.pdf [Accessed 29 Sep. 2016]. PwC. 2016.Prudence returns: new IASB exposure draft reintroduces controversial term. [online] Available at: https://www.pwc.com/gx/en/services/audit-assurance/corporate-reporting/world-watch/iasb-prudence-conceptual-framework.html [Accessed 29 Sep. 2016]. pwc.in. 2016. [online] Available at: https://www.pwc.in/assets/pdfs/publications/2015/pwc-reportingperspectives-july-2015.pdf [Accessed 29 Sep. 2016].

The Balancing Act Analysis Essay Example

The Balancing Act Analysis Essay Analysis: The Balancing Act In modern-day speeches, rhetorical strategies are often used to impact listeners. In Michael J. Foxs speech about Parkinson Disease, he uses rhetorical strategies to assist In Influencing the Senate Subcommittee to promote a larger budget to help lad In research for this disease from which he suffers, along with many more Americans. Foxs celebrity status substantiated his confrontation with the Senate Subcommittee to support the need for greater federal investment in Parkinson research. As an advocate of Parkinson Disease, Foxs witness was greater, for people of the Senate most likely knew him from his place on the television in the past two decades. This strategy was helpful in asking for a greater budget because of his notable status. The approach on the topic of requesting more funding for Parkinson is taken in a gracious manner by Fox. By praising past efforts of the legislators, he makes immediate contact with his audience. Rather than criticizing them about their insufficient spending, he very graciously elaborates on how the amount donated for research Is not adequate enough In ladling the experimentation for the cure of Parkinson Disease. The overall structure of Foxs speech Is highly tactical In his request for more federal funding. He begins by explaining his personal experience, therefore, he was able to reach out to the audience on a more personal level. Then he explains exactly what the poorly funded disease is and how he manages to live with Parkinson. In doing so, he logically reasons with the Senate and is able to give them a feeling of what it is like to live with the disease. Later in his speech, he shares the important statistics so Parkinson does not appear to be rare and shares with the Senate that The scientific community believes that with a significant Investment in Parkinson research, new discoveries and improved treatment strategies are close at hand. using this scientific support, it helps In his argument. We will write a custom essay sample on The Balancing Act Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Balancing Act Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Balancing Act Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer By Including facts about Parkinson, Fox elaborates on the everyday citizens who deal with the dreadful effects of this disease. By Glenn example of known professions such as doctors, teachers, policemen, etc, he reaches out on a more personal note because these are everyday Americans. Fox uses this strategy to find empathy within is audience. He tells how people with Parkinson deal with the symptoms, but urges the support for more spending by using the words, But in the end, we all face the same reality: The medicine stops working. This statement is probably the most effective sentence in his whole address to the Senate. Although many rhetorical devices are used within his speech, the most strategically used is Foxs diction, or choice of words. In the beginning, his words are stern and very attention-demanding, but his tone is still friendly and polite. Throughout the odd of his speech, his use of positive, hopeful words reveals how he feels about his own future and others living wit h Parkinson. Fox ends on a personal note: one that Is meant to complete and support his speech. He gives his even more personal explanation. By describing how he will Nett Trot Dreadnoughts AT Parklands research, Walt ten Nell AT a larger Cottage, he paints an image of how he will be able to do more if his disease is better controlled, such as dancing at his childrens weddings something every parent would love to be able to do. In one of his final sentences, he connects with his audience directly again. By saying With your help.. He makes the final connection with the Senate members making it clear that, with their approval of an increased budget, he will be able to achieve these goals. By using rhetorical devices, any speaker has the ability to connect with an audience and make a clear argument. In Foxs speech to the Senate Subcommittee, his use of rhetorical strategies was very important in his request for an increased budget for Parkinson Disease research. Without the use of them, his encount er with the Senate would not be as significant.

The Russian Annexation of the Crimea, 1772-1783 essays

The Russian Annexation of the Crimea, 1772-1783 essays The Russian Annexation of the Crimea 1772-1783 by Alan W. Fisher is a text that contains detailed research based on Russian and Ottoman archival documents, as well as primary and secondary sources relating to the subject. The study covers the political events from 1772 to 1783, and is an objective source for understanding not only the Crimean Tatars, but also the rivalry between the Russian and Ottoman empires. A rivalry which not only deeply affected the people of the Crimean peninsula, but also affected its surrounding areas. The grave importance of the Crimea was illustrated because of its access to the Black Sea. As a result, its coastal areas have played an important role throughout the history of Eastern Europe and Western Asia. As an economic area it served its importance through its trade, its grazing lands and also as an entrance into Eastern Europe. As a political zone the Black Sea area was of prime importance to the power of those states which controlled it and its loss to a rival state was always a significant one. (Fisher, 2) As a result Byzantium, Kiev Rus, the Golden Horde, Lithuania, Poland, the Ottoman Empire and Muscovy have all tried throughout various periods of history to control the whole or individual parts of the Crimean Peninsula. The text explained how firm political control around the Black Sea was first gained in the mid-thirteenth century with the Mongol-Tatar conquest. Before this Turkic nomads had passed through the area, but no political or economic unity had existed. As settlements grew the Mongol-Tatar aligned itself with the Ottoman Empire for security. Acting as an independent province with its own political control, the Crimea was still ultimately under Ottoman control. From the Ottoman point of view, the Crimea was of utmost military significance. It acted as a strong northern defense and allowed the supply of soldiers for campaigns in the east against Persia and in...

Free Essays on Symbolic Interactionst

Is it Rape or is it Marriage Many people from different places migrate to the US and with them they bring their culture. The dilemma is that what is right in their culture is wrong in the American culture. The US being a diverse society has to understand these â€Å"new immigrants† culture practices because they have lived and followed these practices for centuries. â€Å"Because human communication is composed of symbols that have arbitrary meanings and values† in every culture. Islamic people, for centuries in their culture have been marrying off their daughters at the age of 13 and 14. The reason behind this is because it symbolizes that a girl becomes a woman when she passes through puberty. Also, the marriage between a man in his late 20’s and a 13-year-old girl is not seen as odd to them it’s just normal practice. So their marriage is valid because they haven’t broken any norms within their culture. To American citizens marriage between a 13-year-old girl and a man in his late 20’s is seen as rape. The reasoning behind this is because according to the American culture a girl doesn’t become an adult until the age of 18 or older. Now there is a major conflict between our two cultures because Islamists have moved away from their country to America. In 1996 a 39-year old father arranged for his two daughters of the age 13 and 14 to be married to two Iraqi men, ages 28 and 34. To them they were just practicing their own customs. Since they were in America and this is seen as rape the father was charged with child abuse, the mother with contributing to the delinquency of minors, and the husbands were charged with rape. In another case a young Hmong man along with his friends went to a local college campus. There they picked up a girl that he selected to be his wife and took her back to his place where he had sex with her even though the girl didn’t want too. In the Hmong culture this is called â€Å"zij poj... Free Essays on Symbolic Interactionst Free Essays on Symbolic Interactionst Is it Rape or is it Marriage Many people from different places migrate to the US and with them they bring their culture. The dilemma is that what is right in their culture is wrong in the American culture. The US being a diverse society has to understand these â€Å"new immigrants† culture practices because they have lived and followed these practices for centuries. â€Å"Because human communication is composed of symbols that have arbitrary meanings and values† in every culture. Islamic people, for centuries in their culture have been marrying off their daughters at the age of 13 and 14. The reason behind this is because it symbolizes that a girl becomes a woman when she passes through puberty. Also, the marriage between a man in his late 20’s and a 13-year-old girl is not seen as odd to them it’s just normal practice. So their marriage is valid because they haven’t broken any norms within their culture. To American citizens marriage between a 13-year-old girl and a man in his late 20’s is seen as rape. The reasoning behind this is because according to the American culture a girl doesn’t become an adult until the age of 18 or older. Now there is a major conflict between our two cultures because Islamists have moved away from their country to America. In 1996 a 39-year old father arranged for his two daughters of the age 13 and 14 to be married to two Iraqi men, ages 28 and 34. To them they were just practicing their own customs. Since they were in America and this is seen as rape the father was charged with child abuse, the mother with contributing to the delinquency of minors, and the husbands were charged with rape. In another case a young Hmong man along with his friends went to a local college campus. There they picked up a girl that he selected to be his wife and took her back to his place where he had sex with her even though the girl didn’t want too. In the Hmong culture this is called â€Å"zij poj...

Country music Essay Example | Topics and Well Written Essays - 500 words

Country music - Essay Example Darius Rucker is one such artist. He was first recognised due to the role he played in a band from South Carolina called the Hootie and Bowlfish. It was through this band that he became famously known as â€Å"Hootie†. In the late 1900’s, the band sold over a million copies of their album and became some of the country’s favourite country music band (Ratiner, 2009). Going solo for Darius was a strong call for him. He went on to make albums that had hits on the American charts for a long time. Among the albums that place Darius on the map include, Charleston, SC 1966 and Learn to Live. This paper will review two of his albums and evaluate how they help shape society and the music industry. Learn to Live is an album that surpassed the expectations of many of the artist’s fans. The album was mostly written by the artist, and some of his friends. These friends included those from his band who helped him reach the pinnacle of his career. It was during the makin g of this album that many saw Darius for what he was capable of achieving. The top hits that made the album famous include It Won’t Be Like This for Long, Don’t Think I Don’t Think About It, and Alright. The lyrics to some of the songs can readily pass on the message that there should be no regrets as to the way life turned out (Ratiner, 2009).

Barack Obama's Speech in Cairo Essay Example | Topics and Well Written Essays - 1250 words

Barack Obama's Speech in Cairo - Essay Example He is thus open to world publicity and criticism and thus his actions or speeches are subject to world scrutiny. Hence, when Cairo University, which is the source of Egypt's advancement and Al—Azhar, which is a beacon of Islamic learning, hosted him, the world was watching and listening. On his first visit to Egypt as the President of the United States of America, Barrack Obama addressed six issues, which included violent extremism, the Israel-Palestine situation, Iran nuclear weapons, world democracy, economic progress, and women’s rights (USA Today web). This paper will address the issue of the tension situation between Israelis, Palestinians, and the Arab world as elaborated by Obama on 6 April 2009. The issue of the conflict situation in Israel and Palestine is probably one of the issues that have great meaning not only to US, but also to the whole world. Israel is a staunch Christian nation with the Jews drawing their roots from this country. Palestine on the hand is a region occupied by both Muslims and Christians in significant numbers. However, both Israel and Palestine are Middle East countries just like Egypt. They possess very dangerous weapons such as nuclear bombs, which pose a great risk to human life. Again, Israel and America are long time allies based on their military superiority. Obama himself professes Muslim faith but his mother was a Christian and his true religion actually generates another debate. The conflict between Israel and Palestine has been there for ages with some analysts drawing this situation back to the holy books, Quran and the Bible. Hence, this issue somehow ties itself to the war of supremacy between Christianity and Islam though there are other underlying factors. Many countries including America have actually tried in vain to negotiate for a peaceful agreement between these nations. This issue considerably required a careful treading. Therefore, when Obama chose to discuss this issue, the world welcomed th e reprieve and waited for the new intervention on this longstanding conflict. Ironically, even when he was addressing the issue in Egypt, pressure was already building up in the Israel- Palestine border. Subject to these reasons, I find the issue very significant and the audience relevant. In fact, it was the second issue that he addressed on this day. In supporting his call for a permanent solution between Israel and Palestine, Obama accounted 10 points to this effect. He confirmed that America had strong relations with Israel based on cultural, historical ties, and articulation of diplomacy. This fact is widely known and analysts claim that this bond is hard to break because it relies on military supremacy. He also acknowledges the fact that this conflict has claimed many lives and muted unwarranted sufferings. In light of this, he claims that the Jewish people from Israel faced persecution for centuries, more than Six million Jews killed, many more enslaved and tortured, and that these are painful memories for the Israelis (USA Today web). On the other hand, Palestine have endured the pain of dislocation for 60 years, many Palestinians have lost their lives, endured humiliations, lacked security while many wait in refugee camps for aid. A situation he claims is now unbearable in both Israel and Palestine. He equally confirms that America is ready to help in finding a solution. He personally commits himself to pursue this cause with uttermost patience and dedication as the task dictates. In fact, he was to visit Israel the

Communication styles Essay Example for Free

Communication styles Essay The impact of communication in marriage cannot be overemphasized as it is the main method of solving any crisis or conflict arising. There are different communication styles that can be applied in a marriage, expressiveness, driving, and relativity or analytical are forms of communication that may be used in marriage. Expressers get excited personal, waste time with too many facts or even show emotion to their partners while those with driving communication styles become very decisive and offer strong view points. Those who are relative in the way they are communicating, like positive attention and may want their partners to be helpful. This group of persons however, shies off when real problems come in especially when it comes to handling the children. This communication style is used by young marriages where partners just about 25 years of age get married. Communications styles can also be described as passive, assertive or aggressive. Passive forms communication involves putting the tights of the other partner before yours i.e. minimizing your own self worth at the expense of the marriage. Being assertive means that one partner in the marriage stands up for his or her rights while maintaining respect for the other i. e. all the partners in the marriage are all equal. Aggressiveness is a communication style that ensures that a wife or a husband stands up for his pr her right and in the process violate the rights of the other. This style of communication is usually the worst and may lead to divorce in extreme cases. Marriage resiliency Marriage resiliency is the couple’s capacity to develop and cultivate strengths from each other for the common good of the marriage in order ton meet their challenges . Resiliency can be defined to describe the responsive capabilities, social dynamics that foster health development of the marriage. Resiliency starts from an individual capacity to a family and community level making sure that the marriage bounces back after experiencing non-normative and expected challenges. Family resilience is characterized by invariant approaches that are dimensioned to help families resist any form of disruption in the face of change and become adaptive when a crisis occurs. Immigration and marriage Marriages are usually negatively affected by immigration procedures. Different countries have different laws governing the marriage of its citizens to non-citizens. It is usually an impediment to couples’ relationships because certain laws may offer recognition to one of the partner and the other is left out. However, with the emergence of dual citizenship rights, the issue may in the near future become a thing of the past. ‘Till death do us part? ’ This figure of speech is common in all wedding ceremonies and the couple getting married solemnly swear to the congregation that they will remain together till death do them part. Most critics believe that as long as there are increased cultural differences, modernization of societies and increases in domestic violence, the metaphor no longer makes sense. Every man and woman believes that they can live happily with each other especially when it is based on the performance of the two during courtship. This is not usually the case because immediately after marriage, the two members start quarrelling over this or that. This is the major contributing factor to the family problems and other domestic issues that families experience these days. It has been said that the more society becomes complicated, the more marriages become complicated and finally the more families become complicated. It is however, recommended that a personal commitment to each other within the marriage become the kingpin of the relationship. Lessons learnt from writing on marriage It has been interesting while researching on this topic. It is one of the research works that not only serves as an academic tool but also provides a learning opportunity for a person like me. Marriage is part and parcel of life and majority of the young people would dream of having better lives in future through marriage. Most young people believe that to secure there future and their old age days, they need to have married properly and have children who will look after the in future. Going through the types of marriages, its integration to the family setting and the importance of knowing the exact roles of each partner in a marriage is particularly useful. The various rules and boundaries that must be set to ensure the sustainability and stability of a marriage gives one an overview of how it is possible to develop them in real life situations through the experiences of other people and such kind of research. Therefore, this is one of the rare opportunities in life where one gets to learn more about what directly affects him or her in life. Personally, I feel grateful for the work I have done on this subject and I feel obliged to tell others about the integration of marriage systems in our families to enable them form good families now and in the future Questions for further research Marriage as part of a family practice continues to be complex especially with the emergence of contradicting legislation and complex societies; there is need for further research on; the impacts of different types of marriages on the extended families, development of policies and laws, and the society in general . What are the solutions to these? And what could be the role of governments and learning institutions in maintaining and making sure that marriages serve the purposed they are intended to. Other issues of concern are the ability of people to adopt resilience as a way of recovering from married related violence such as divorce, is divorce the answer to breaking marriages? With advancement in technology including foster mothers, test tube babies and the like, what could be the implications of these in cultural marriages and societies? Conclusion Marriages are forming a family. Marriage roles, rules, resilience abilities, communication styles, and spouse differences are issues that can affect the formation, development and improvement. Good marriage values are important not only for family cohesion but also for societal cultural maintenance. Challenges regarding re-orientation of the marriages within a family are many and common in this modern society, the problem is the manner in which they are currently addressed. References Antonovsky, A. , Sourani, T (1988): Family sense of coherence and family adaptation.Journal of Marriage and the Family, 50, 79-92 Kaufman, J. , Ziegler, E. (1987): Do abused children become abusive parents? American Journal of Orthopsychiatry, 57, 186-192 McCubbin, H. , Patterson, J. M. (1983): The family stress process; The Double Helix ABCX model of adjustment and adaptation, Social stress and the family: Advances in family stress theory and research New York pp. 7 -38. Nichols, M. , Schwartz, R. (2000): Family communications: Concepts and methods, 5th edition, Needham Heights press Rolland, J. S. , Weine, S. (2000): Kosovar Family Professional Educational Collaborative. AFTA Newsletter, 79, 34-43 Rutter, M. (1987): psychosocial resilience and protective mechanisms American Journal of Orthopsychiatry, 57, 316-330 Stacey, J. (1990): Brave new families: Stories of domestic upheaval in late 20th century America. New York: Basic Books. Walsh, F. , McGoldrick, M (1998): Families in later life: Challenge and opportunities. The expanded life cycle Needham Heights, MA: pp. 307-327 Walsh, F. , McGoldrick, M (1991): Living beyond loss: Death in the family. New York: Norton.