The Symbol Veil In Muslim Women Religion Essay

The Symbol Veil In Muslim Women Religion Essay This research paper aims to define the symbol veil in Muslim women. Aside from being a form of dress or hijab, it bears symbols of their oppression, social control, religious sanctions, invisibility and socio-political status, according to Watson. This has been an almost global concern for a sense of freedom. In Saudi Arabia and some parts of Asia alone as well as North Africa, countries like Afghanistan, Iran, Egypt and Northern Cameroon practice Islam as a monotheistic religion with Quran as their religious text and Muslims as followers. Wherein, its women have been the part of a continuous discussion. Topics include the issue of the veil and how groups have been separated into account of maintaining its practice or not. Some admits a total ignorance of their religion and culture, while there are Islamic feminists who have shown a passion to reclaiming the emancipatory message of the Quran on using veils as part of the earliest traditions in Muslim communities. Such a scenario has attracted angers and frustrations in retort to the deliberate racism afflicted on Muslims especially in US colonies. Moreover, when Muslim women use veils showing a pictogram of ignorance and oppression, it has given fear to the younger population. Following patriarchy means having power over womens lives and in this lieu, these Muslim women wants to free themselves from its bonds. They want others to see themselves as an active part of the community vying for the same equal rights that allows them to be its members, workers as well as reformists. If the static colonial image of a Muslim woman wearing a veil does not improve in the future, they can deny their own culture and faith in religion. Chapters What is a Veil? A veil is a piece of loose, opaque, non-distinctive clothing wrapped around the body in modest to be able to hide a wearers head, torso and ankles, but leaving the face, hands and feet exposed (Hoodfar, 1992.) In Muslim women, it is called (Woodlock, 2000) hijab, a simple headscarf. Why should they wear a veil? It is part of their identity. On the other hand, Arab men are required to wear the keffiyeh, a traditional square cotton cloth that is use as a headdress. Other names are (ya)shmagh, ghutrah, hattah or mashadah (Kaitlin, 2008.) Importantly, a veil is worn as a religious item in the Islam faith, because members show demonstrates honor to an object or space. In Quranic verse, it means that there is a definition of separation in the sacred from the mundane. In the entire practice of Islam dress codes, its women members compete to gain a whole and complete image on being a pure and dedicated mother, sister, sister-in-law or daughter of their faith (Billaud, 2009.) Before, all members were asks to wear a veil, but with the entry of westernization and colonization there was a separation of responsibilities to wear one (Hoodfar, 1992.) Among the Arab urban elite, men began to copy new ways to dressing from their traditional keffiyeh. Yet, there are also a small percentage of Muslim women following the same pattern (Hoodfar, 1992.) The veil also underwent varied changes to fashions through out history. Some reasons entitle wearing a veil to show respect on conventional values or there are others who uses this to beautify their faces with make-up. Nevertheless, there have been other negative connotations to the symbol of a veil to which it can show a fundamentalist Islam in equal terms on extremism or terrorism (Van Santen, 2010.) Today, it bears a political meaning. Yet, Muslim women still continue to defend this choice. Its Origins and Language The practice of wearing a veil in seclusion of women comes from a pre-Islamic and non-Arab Middle Eastern and Mediterranean society tradition. If we trace along the history line, the first instance to veiling dates back to the 13th century BC in an Assyrian legal text. During that time, only respectable women are permitted to wear veils, wherein prostitutes are not allowed wear a veil (Hoodfar, 1992.) It was a sign of status and a part of the elite ways in ancient Greeco, Roman, pre-Islamic Iranian and Byzantine empires. After then, Muslims was able to seclude a life from the conquered regions and followed traditions in wearing veils. Nowadays, both non-Muslims and Muslims recognize this way as an Islamic phenomenon. Even if in the Quran, there are no specific mentions of the veil. Examples of descriptions, but not directly mentioning the use of veil, are Surah al Nur verses 30 31. This requires women to cover their chests and jewelry, which also means to wrap their whole body in clothing. Adding to this is Surah al Ahzab verse 59, that asks the Prophet wives to enveloped tightly their bodies, because they are should not be recognized, disturbed and molested outside. Though modern critics have rationalized that others also follow this form of dress, it was not until Safavids period of influence that the symbol status of veils was seen in the Muslim ruling class and urban elite. In 19th century, it was promoted as a major Muslim symbol, which members have fought for in the name of Islam and not for protecting culture practices. Honor, Veiling and Etiquette in Afghanistan No Muslim woman can embody the face of Islam. Any insight to wearing a veil does not account for a completely understanding on the faith of Muslim women. The point of discussing its purposes and symbolism is to keep an open-mind and listen (Kaitlin, 2008.) The veiling practices widely differ from regions, ethnics or social groups. In Afganistan, a veil is corresponds to honor (Billaud, 2009.) In here, a woman shows a devotion to the honor system through doing a pardah5 that can comprise of wrapping her head and hiding from unrelated men. When she does this, there is also a proud bearance to the honor of her male relatives or namus. Hence, in this region, a veil is symbolizing of a male-female connection in terms of relationships and balance in natural inclinations or nafs. Furthermore, the multitude of veil chadari colors is also another thing to interpret. On top this variations, a veil is also a way in the isolation of unrelated men and women in Afghanistan. Examples of these persons are the ones not affiliated with the same korwal or the inhabitants sharing a home. The society puts a difference between its private and public members, wherein a dakhili (the private sphere or home) is secluded and the biruni (outside world) is permitted to recognition. Moreover, the practice of namus allows a certain power from men that allow them to control women, which confine their manners when seen outside. If you are there, you can here men saying: Zan namus e mas (The woman is our honour) (Billaud, 2009.) Similar to soldiers saying: Watan namus e mas (The nation is our honour.) During the time that a woman steps outside of her home, she wears a veil and go with a mahram or a male relative to be able to defend her honor as part of the Afghanistan etiquette. Veiled Performance and Politics In modern times, the Islamic feminists have shown great efforts to reclaiming the emancipatory message of their Quran. They also want to gain back the rights that were bestowed upon them in the earliest Muslim communities (Falah Nagel, 2005.) Islamic regions have shared their own stories for this matter. Here are some of them: Politics in Afghanistan the new Islamic Republic has allowed its clothing and veiling practices to be under political category, which are mandatory to women to reach out to the public. Now, there are similarities between the image of parliamentary women and female university students that are Muslims in Afghanistan and whom displays a modern yet Muslim persona. The latter renounce the womens issues just to protect the practice of wearing their veils. Hence, Afghanistan women are divided into 2 categories: the conservative or nationalist and liberal women (Billaud, 2009.) 2. Irans De-veiling Law this was promulgated during the taking place of a rapid social change from a mayhem on its national economy; results of negative impact on the public, social, and leisure activities of its urban women; going to weekly ablutions in an offending feeling of nakedness; and a social implication bestowed on young women students when not wearing a scarf in public wherein parents hindered entry to schools (Hoodfar, 1992.) 3. Struggles in Northern Cameroon this shows an account to an image seen on Muslim women that they are a homogeneous category. To which, in public schools, wearing of a headgear is asked to be taken off inside the premises as required by the laic prescriptions of Cameroons constitution. Though there is no buzz on this matter. In this lieu, men choose to enter schools were veiling is allowed, while women opt for education (van Santen, 2010.) Womens Rights Activists Situations The Revolutionary Association of the Women in Afghanistan In the manner, a lot of womens rights activists, while opposing the need in veiling of women under chadari, used the practice to enjoy freedom of movement while carrying out tasks. The chadari was a symbol of womens oppression, but now in cultural norms, they were able to be active citizens fighting for a change in the community. The said hadari was a guarantee of womens protection in Afghanistan, wherein they need the veil during travelling to remote areas where security was often tight. In this lieu, the Revolutionary Association of the Women in Afghanistan is a very good example of a group with an instrumental nature of the chadari in inline with the goals of being politically engaged women (Billaud, 2009.) For certain their records are part of history under the human and womens rights. The Taliban realizes this under the chadari. When working in rural areas, this was worn for security reasons, during times that people tended to be suspicious on persons from the outside world. This was a strategy used by Rahela6, who is a member of the Afghan Womens Network, when she taught mullahs on womens rights in rural areas. She said, At first, it was difficult for us, women, to approach mullahs. They were reluctant to talk to us. But they gradually got used to us. By wearing chadari, we eventually gained their respect. Egyptian Feminist Movement in the 1920s Disobedience of the patriarchy can be seen in the de veiling act started by the Egyptian feminist movement during the 1920s and to the same situation resistance happening for a call to compulsory veiling in Iran. In here, we can see that aside from being a part of culture and religion, the veil can also be a form and symbol of resistance, for example in the case of the anti Shah movement that took place in Iran. In the same context, there were a number of Islam feminists Muslim women in Canada who have used the veil and reference to Islam during their stay in the country, because they wanted to resist some of the cultural practices that their forefathers have believed, like arranged marriages or far away educations from home without secluding from their parents and communities. Though, in Egypt, a lot veiled Muslim women use it as an instrument of mediation significantly seen from Muslim minority cultures and those of host cultures. Strangely enough, Western colonies reactions to Muslim women, as seen through the eyes of an Orientalist and colonialist frame, sets barricades on the customs and traditions of Muslim women to be difficult and opposite to their usual way of lives (Hoodfar, 1992.) Conclusion In conclusion, the veil is not so significant, after all, but it is who wears it that lies in importance. When in public, a Muslim woman shows people who see her in the outside world a marginal status that is of respect and honor. Not for culture and religion causes or even fashion. The series of incidents mentioned this paper have made me apprehend why a lot of young Muslim women today are so angry and have decided to fight for their rights together with other believers of Islam. This research paper aims define the symbol veil in Muslim women. According Watson in 1994, OR NON-MUSLIM WRITERS, THE VEIL IS VARIOUSLY DESCRIBED AS A TANGIBLE SYMBOL OF WOMENS OPPRESSION, A CONSTRAINING AND CONSTRICTING FORM OF DRESS, AND A FORM OF SOCIAL CONTROL, RELIGIOUSLY SANCTIONING WOMENS INVISIBILITY AND SUBORDINATE SOCILA-POLITICAL STATUS. I did not want to diminish or question the religious beliefs of the Muslim women in Islamic communities, but rather to underline and put emphasis on the possibilities that can be resulting through the reiteration of these feminine ceremonials. Since, it would be like a forever burden or mistake if the veil is lessened in reputation and disrespected in symbolism, which are its instrumental functions to the women, especially the young students in schools. Though, talking about the topic of veil, it was enough to see in it a pure religious expression. Reverence and dissimulation for it were indeed political gestures in my side that place defense on it as the necessary social make-up for women to be seen and heard through the public scenario. Moreover, if the Western colonies will only have a deeper analysis of Muslim womens motives and actions in their practicing their beliefs, efforts by these women can be recognized as strategies and adaption in relationship with them, displaying diff erent roles in the foreign community that should be basing on to the different Western citizen they wished to address themselves.

Developmental Theories

Theoretically, developmental process of an individual can be psychologically predicted through the use of these theoretical frameworks. Dulcan and Wiener (2006) emphasize that the developmental characteristics of a person are strongly influenced by the emergence and form of particular patterns of functioning obtained from both internal and external influences (p. 3). The idea of developmental theories suggests a complex process of development dependent on discrete elements (e. g. social environment, moral knowledge, sexual stimulation, etc. ) encountered throughout the child’s development.According to Colarusso (1992), the child’s developmental phases can be dynamically oriented and can vary depending on the maturational process being experienced by the child (p. 1). Pressley and McCormick (2007) support the idea by adding that â€Å"children are fundamentally different depending on their stage, which generally correlates with age, and movement from one stage to anothe r stage is rather abrupt† (p. 5). In order to test these developmental theories, we have utilized these frameworks in analyzing the developmental processes of three children based (a) behavioral learning, (b) social-cognitive learning and (c) cognitive learning.Discussion From the recorded observations on the first child examined, the following data reveal that the 3-year old male child (a) tries to imitate adult-like behaviors (e. g. scolding his siblings after seeing their mother scold them, acting responsible, etc. ), (b) more understanding when it comes to possessive terms (e. g. mine, him, hers, etc. ), (c) manifests cooperative behavior during play sessions, (d) mingles with other children of his age even in the absence of parents, and (e) expresses emotions more openly to parents or caretakers. . . . . .After observing these behaviors, we have utilized the social-cognitive theoretical approach since the child has manifested actions and activities related to social inter actions. Social-cognitive approach has been chosen to explain the psychosocial and cognitive related behaviors of the child towards himself and the outside social influences, such as playmates, parents and caretakers. According to Alexander and Winne (2006), social cognitive theory supports the idea that the child’s behavior is reciprocally influenced by interactions, environmental variables and personal components (e.g. cognition, expressions, etc) (p. 356).Evident in the child’s behavior, he manifests a strong, adult-like behavior to impersonate adult personality seen from his parents – more particularly the paternal image. After learning these behavioral patterns, the child applies these to his social activities (e. g. the child scolds his siblings during play time, etc. ). Moreover, the child already understands the basics of social principles, such as possession, playmates and emotional reciprocality.According to Balter and Tamis-LeMonda (2006), the child i s prompted by modeling, enactive experience and observational learning schemes, which is usually manifested through representational processes or symbolic conceptions (p. 295). . . . . . . . . . . . . . . Next, the theoretical approach on behavioral learning has been applied in an observational study on a 5-year old female. As explained by Sadock and Kaplan (2007), behavioral learning suggests that a child develops by learning behaviors present within her social environment (p.1307).The rationale for applying behavioral learning approach is its concept of utilizing behavior to obtain the necessary skills helping the child to better adjust in his or her environment. The child manifests the following behavior during playtime: (a) she wants to be like her friends – this include acquiring material possessions similar to her friends, (b) she easily gets influenced by majority of her friends’ decisions, and (c) she tends to imitate skills performed by her friends.Following b ehavioral learning theory, Salkind (2004) explains that the child usually prioritizes the skills and activities to learn depending on how these can be used in increasing the efficacy of adaptation towards the outside influences (p. 20). Based from John Locke’s theory of blank slate, a child is initially considered naive and unlearned; however, by learning the behaviors that are prominent and frequent in her environment, the child learns how to adapt accordingly (Sadock and Kaplan, 2007 p. 1307).Behavioral learning involves the fundamental developmental concept of the survivability by means of adapting to different behaviors frequently seen in the environment. Evidently, due to the frequent exposure of the child to her playmates, she tends to imitate or learn the frequent activities or skills performed by her playmates to better suit her adaptation toward her social circle. According to Salkind (2004), the theory considers the child as a malleable being influenced by different behaviors and changes resulted by various events and experiences (p.  20).In application, the girl tries to adapt to the behaviors and skills learned by her playmates to better enhance her adaptation and sense of belongingness with her social circle. Indeed, behavioral learning is part of the crucial developmental phases of the child since learned behaviors are used to better adapt in the outside environment, while at the same time, help in building the developmental characteristics of the child (Sadock and Kaplan, 2007 p. 1307).In the last child examined, the theoretical approach of cognitive learning has been applied to analyze the actions and behavioral responses of a 4-year old male child. According to J. Piaget’s cognitive theory, the child is currently in his pre-operational cognitive development based on his age. According to Sadock and Kaplan (2007), the child in this stage usually manifests egocentricity and magical thinking, and still cannot separate the logic of reality from fantasy (p. 133). These characteristics have been manifested by the child during his isolated play session.In his play environment, different action figures, personal television always set to cartoons and toy guns have been noted. According to the child’s mother, he prefers to play with his older sibling (1 year older than the child). They frequently imitate the action cartoons they watched in the television and use their toys to reenact the scenes of the cartoons. Upon observing the child, he verbalizes his realistic belief on magical creatures, robots and different figures normally seen in cartoons.As explained by Slee (2002), the child’s cognitive level is dominated by perception rather than realistic concepts (p. 66). In this stage, the child is still on the process of learning how to separate reality from fantasy. Continuing the observation, the child notably performed his tantrums right after his mother gave his brother a new toy. The child exclaime d a series of egocentric statements (e. g. â€Å"that one’s mine†, â€Å"its mine†, â€Å"mine mine mine!!! †, etc. ).As explained by Lerner (), children at their pre-operational stage are most of the time egocentric, but compared from the previous cognitive phase, these children can now express their egocentric concerns through words (p. 378). In applying the cognitive theory in the child’s development, we can better understand the mental capacities and limitations of the child. . . . . . . . Conclusion In conclusion, developmental theories of behavioral learning, social-cognitive learning and cognitive learning are evidently applicable in analyzing and understanding the different behaviors manifested during the child’s developmental process.Social-cognitive theory has been used to understand the social behaviors and early relations that the child establishes within her external environment. On the other hand, behavioral theory explains the process of learning the different prevalent behaviors perceived as needed for better adaptation and survival. Lastly, cognitive theory points out the child’s magical thinking and egocentric behavior as part of the pre-operational stage of development. . . . References Alexander, P. A., & Winne, P. H. (2006). Handbook of Educational Psychology. London, New York: Routledge. . . . . . . . Balter, L., & Tamis-LeMonda, C. (2006). Child Psychology: A Handbook of Contemporary Issues. London, New York: CRC Press. . . . . . . . Colarusso, C. A. (1992). Child and Adult Development: A Psychoanalytic Introduction for Clinicians. London, New York: Springer. . . . . . . . Dulcan, M. K., & Wiener, J. M. (2006). Essentials of Child and Adolescent Psychiatry. New York, U.S.A: American Psychiatric Pub. Lerner, R. M. (2002). Concepts and Theories of Human Development. London, New York: Lawrence Erlbaum Associates. Pressley, M., & McCormick, C. (2007). Child and Adolescent Development for Educators. New York, U.S.A: Guilford Press. Sadock, B. J., Kaplan, H. I., & Sadock, V. A. (2007). Kaplan & Sadock's Synopsis of Psychiatry: Behavioral Sciences/Clinical Psychiatry. New York, U.S.A: Lippincott Williams & Wilkins. Salkind, N. J. (2004). An Introduction to Theories of Human Development. New York, U.S.A: SAGE Press. Slee, P. T. (2002). Child, Adolescent and Family Development: The Australasian Experience. Cambridge, U.K: Cambridge University Press.   

Kids, Work and Evaulation Essay Samples

Kids, Work and Evaulation Essay Samples The subject of the site is hugely on the corporate colors of the business, which makes a feeling of the business even on the internet platform. Website Evaluation Generally, the site was created professionally to give a platform for skilled interaction between professional travelers and an expert flight company. What's more, the site is quite informative in regards to the Virgin Atlantic company. To summarize, the Virgin Atlantic website has considerable facets of an expert website. Choosing Good Evaulation Essay Samples Essay writing skills is a tough and time-consuming endeavor. What you have to know about how to compose an evaluation essay is you need to incorporate every one of your evaluating objects into your essay. If you're writing an evaluation essay, you should remain objective with the content that you're presenting. Essay writing examples in doc format like the ones given may help lead you in writing a superior compositio n. Essay writing can be rather a challenge. You may also take a look at our Scholarship Essay templates. Creative essays should have a topic. Evaluation essays work best in the event the readers can determine the sources which you've used to think of the assessment which they are currently reading. Evaluation essays can cover a great deal of topics that is the reason why it is employed in an array of industries and processes. It is usually done by companies to know if an employee has been doing his or her work well and if there is growth in terms of an employee's performance. At this time education is the chief factor affecting the social ladder. Furthering education has been among the best suited methods of yielding fruitful prospects in the area of nursing. Evaulation Essay Samples for Dummies When one writes a personal kind of essay, the initial impression is the fact that it is entirely devoted to self expression and devoid of any kind of technicality. Few weeks of consta nt work and you'll be writing specialist material! At the start of your paper, you should state the principal idea. Many ideas run through my head and I think I can be quite creative and persuasive on occasion, but only verbally. You will need to have an in depth look at the topic to be able to earn a judgement on its value, therefore it is reasonable choose something you currently have some knowledge about. In many instances, each paragraph or group of paragraphs will address just one such point so the arguments don't get entangled and confuse the reader. You are the person making the judgement about the subject, it is all up to you to back up your argument in a manner that will enable others to create their own opinion. You need specific reasons and evidence to strengthen your judgment. Evaulation Essay Samples - the Conspiracy An essay has to be composed of an introduction, a body, and a conclusion. Sample evaluation essay can allow you to compose your mind what you woul d like to write. Anevaluation essay is an ideal method that could establish if one has leadership qualities. An evaluation essay resembles a review because you have to examine both the beneficial and negative elements of something. One more thing you've got to think about is whether the origin of the essay is reliable. If you're likely to write decent thesis statements, you will need to understand what makes one good. There are different sorts of evaluation essays and you need to take note that every one of them have differences based on the objective of their creation. There are 3 things one must have as a way to form a fantastic evaluation essay. Vital Pieces of Evaulation Essay Samples Users can find requested pieces of information in the minimum number of clicks necessary and they are able to also make the most of a comprehensive site map for effortless orientation. Under the logo, there's a horizontal bar containing links to the several webpages within the site. Our templates can function as your reference to assist you construct your own. If you're on the lookout for Argumentative Essay templates, you may also take a look at our offered templates. The Do's and Don'ts of Evaulation Essay Samples Y ou might take a look at our Performance Review Example. Evidence is all the info used to support the judgement. Once more, in the event the criteria, judgments and evidence are clear, the general thesis ought to be too. Onset of the evaluation procedure, the initial policy goals ought to be looked in order to guide the practice of evaluation. Rather, it must be instructive and thoroughly explain an approach. You have to spell out how you had the ability to make the evaluation including the specification of the elements which you've considered within the entirety of the evaluation and writing process.

Role Of Fair Value Accounting In Barclays Bank - Free Essay Example

Sample details Pages: 16 Words: 4902 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Before starting Research Methods, it is vitally important to understand the real meaning of Research in general. à ¢Ã¢â€š ¬Ã…“Research is a planned and methodical approach of finding answers to the questionsà ¢Ã¢â€š ¬?(R Cottrell J F McKenzie; 2010) It is an organized set of actions and steps which we will follow to achieve our objectives. There are many factors in Research Method which are always done to get the most precise results. Don’t waste time! Our writers will create an original "Role Of Fair Value Accounting In Barclays Bank" essay for you Create order Research is a pre-planned method, not a spontaneous approach. It is focused and limited to a particular scope. A good research is focused on appropriate, valuable, imperative questions and their answers. If there are no questions, there is no point of doing research and similarly finding answers to those questions is the most important. Whether its an answer to a hypothesis or even a simple question. A good research is ineffective unless we find the answers to the questions. A good Research is a major key to complete a successful project, report or Dissertation because if the research is not professional and well organized, then it is nearly impossible to complete a Project or Dissertation. TYPES OF RESEARCH METHODS:- Research methods can be categorised into two types. They are:- Deductive Research and Inductive Research. In research methods, conclusions are based on these two methods. Both are widely used in research projects. DEDUCTIVE METHOD:- Deduction follows an approach which is à ¢Ã¢â€š ¬Ã…“top-downà ¢Ã¢â€š ¬? or à ¢Ã¢â€š ¬Ã…“from general to specific. Aristotle a Greek philosopher described deduction asà ¢Ã¢â€š ¬? Drawing conclusions by applying rules or principles; logically moving from a general rule or principle to a specific solution(www.hubpages.com/hub/Types-of-Research Dated:03-05-2010) It is the procedure of getting a conclusion that is certain to pursue, if the data given is factual and the analysis used to achieve the conclusion is right. In deductive method, the grounds (facts) give an assurance of 100% accurate conclusion. EXAMPLE OF DEDUCTIVE METHOD:- 1. There are 15 packs of cigarettes on the top-shelf of the cigarette case, 2. There are 7 packs of cigarettes on the lower-shelf of the cigarette case. 3. There are no cigarettes anywhere on the middle-shelf cigarette case From the above, it can be concluded that there are 22 packs of cigarettes in the cigarette case. INDUCTIVE METHOD: Induction method is from precise to general. In induction, we scrutinize some events, deduct a pattern and draw conclusion. This method involves moving from an exact condition to a common conclusion. This method is undefined and investigative. It does not give 100% assurance of reality but a chance of being accurate. EXAMPLE OF INDUCTION METHOD:- This coffee is hot. (Specific, based on a direct observation.) All coffees are hot. (General, can be applied to any ice) OBJECTIVES OF RESEARCH METHODS: The key objectives of this research are:- To Critically Analyze the Role of Fair Value Accounting (FVA) in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. Norbury Branch, London and what are its effects on Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. before, during and after Credit Crunch? To Investigate whether the systematic risk is associated with the financial crises of Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. or not? To Highlight the impact of market to market reporting in contributing financial difficulties for Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. To Find out the contagion of Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc with Recommendations Conclusion. KEY LITERATURE REVIEW:- An efficient banking system is an indicator of sustainable economy (Imola; 2006). Banks perform fundamental roles not only in financial system of a country but also globally due to their nature of business performance and corresponding assets policy. Banks play the role of financial intermediaries in an economy (Imola; 2006) FAIR VALUE ACCOUNTING: DEFINITION: Financial Accounting Standards define Fair Value Accounting as:à ¢Ã¢â€š ¬? The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (Whittgton; 2008) ROLE OF FAIR VALUE ACCOUNTING AND ITS BACKGROUND: In accounting, fair value is used as an estimate of the market value of an asset or liability for which a market price cannot be determined. The measurement of assets and liabilities takes place at three levels. At the first level, the fair value of an asset or liability is calculated at quoted prices if the market is active for that asset and liability. At second level, the cost of similar assets and liabilities are taken for evaluation and at last level, the market for these assets and liabilities are not available, the standard supports to use market to model approach for valuation of assets and liabilities (MacNamara; 2009). Evaluation of assets and liabilities at Level three is considered to be more problematic. This increases the manipulation risk because of non availability of market prices. (Penman; 2009) argue that for most of the loans, the quoted prices are not available in the markets. Even if the prices for these loans are available, they do not reflect the private information of these loans for banks. Therefore, to determine the fair value of these loans, different valuation models are used (Penman; 2007). Financial Accounting Standards (FAS) allows financial institutions to report their assets at level three but the opponents of (FAS) argue that it has forced banks to value troubled securities at lower prices (MacNamara; 2009). Wall Street Journal claims that the reporting of assets and liabilities on Fair Value Accounting (FVA) causes financial institutions and banks to write down their mortgage backed securities (Gold, 2008). However, most of accountants, regulators and investors defend this by arguing that it provides more accurate and transparent reflection of a companyà ¢Ã¢â€š ¬Ã‹Å"s position (MacNamara; 2009). Kurt N. Schacht managing director of CFA (Institute of Chartered Financial Accountants) argues that fair value measurement is only relevant information under the prevailing circumstances (Gold; 2008). ADVANTAGES AND DISADVANTAGES OF FAIR VALUE ACCOUNTING (FVA):- Many Banks around the world have started revising their estimates of credit losses. Several parties blame FVA for the sub prime crisis (G.Ryan; 2008). The controversy has been observed during the discussion paper on Statements of Financial Accounting Standards (SFAS 2006) that the interpretations made by Financial Accounting Standards Board (FASB) about fair value ignored the transaction costs and entityà ¢Ã¢â€š ¬Ã‹Å"s specific assumptions (Whittington; 2008). However, the advocators of FVA argue that FVA is not responsible for crisis. It is just a reporting and measurement system of assets and liabilities (Christian Laux; 2009). Wallace (2009) suggests that the fair value accounting is not the main cause of current financial crisis. He names it as a messenger of current crisis and advocates that FVA has helped us to recognize the problem earlier otherwise the situation would be much worse as compare to its current position (Wallace; 2009). Moreover, the advocators argue tha t the accounting rules contradict with framework of institutions. They point out that sometime managers make deviations from market prices due to their own interests (Christian Laux; 2009). Singleton (2006) argues that historical cost accounting is out of date and there is a strong possibility that management manipulate it. In modern era, the current values based reporting (e.g. market based) are more relevant and reliable. Henceforth, the supporters suggest that it is difficult to say that FVA is responsible for the current crisis (Singeton; 2006). The supporters further assert that under FVA, assets and liabilities are recorded at the price, at which these assets and liabilities can be sold (Gold; 2008). Thus, FVA represents the current market condition and provides accurate financial information of an entity. (Stephen; 2006). In support of FVA, Stephen Penman (2006) mentions the following points. Firstly, inventors are more interested in value not in cost. Secondly, in prevail ing situations the historical prices are not relevant to provide up to date financial position of a business. Thirdly, the fair value is based on reality of assets and liabilities actual financial position. Further, it reflects the true economic substance. Finally, as markets are efficient, they are not influenced by a single firm or business. Therefore, the information based on market prices is more relevant (Stephen; 2006). Finnegan (2009) concludes that FVA is suitable to apply in both periods e.g. when market prices are available as well as when markets are inactive and market prices are not available (I.Victor; 2009). However, the opponent asserts that FVA is irrelevant and misleading especially for those assets and liabilities which are held for long term (held to maturity).They further argue: firstly, as efficient market hypothesis theory does not always true in real life. It fails in some situations. Therefore, in the situation of inefficient market FVA provides wrong inf ormation to investors and creates liquidity problems. Secondly, FVA measurement model are not reliable and finally, FVA contributes pro cyclicality in the financial system (Mary E. Barth; 1995). In spite of all criticism, The FASB IASB believe that fair value measurement of financial assets is more relevant in producing useful financial position of firm as compare to historical cost based measurements. They argue that fair value shows the current cash equivalent of the businessà ¢Ã¢â€š ¬Ã‹Å"s financial instruments rather than the price of acquisition of financial instruments (Benston; 2008). Further, supporting FVA, the former chairman of SEC Mr. Breeden, suggests that all financial institutions like banks as well as publicly held companies should report their financial position on market based because market based information are most relevant to financial attributes (Mary E. Barth; 1995). Allen and Carletti (2008) assert that banks may become insolvent with the effect of m arket to market prices. The valuation based on market prices creates instability in market prices that affect the value of banking assets and this leads to ruin banking portfolio and contagion (Mahan, 2009). However, the advocators of FVA assert that it has provided early warning of current crisis and asked banks to take corrective actions (Wallance; 2009). Mahan (2009) points out that the fair value is not a single reason of the current crisis the other factors, for example, inadequate risk management, poor lending requirements, the assessment of rating agencies and insufficient capital requirements are also contributors of these crisis. Mahan (2009) claims that the banking regulation, especially the capital requirement is also one of major reason in failure of banks. However, the logic behind the capital requirement of regulators and central bank is the same as the secured loans issue by banks to creditors to protect market from financial distress and keep insurance of market d iscipline. Recently, the London based International Accounting Standards Board (IASB) declared that they are going to change the market to market rule and will follows the United States Standard. Recently, the US companies are reporting their assets under level three categories (Morgan; 2009). BARCLAYà ¢Ã¢â€š ¬Ã¢â€ž ¢s BANK PLC. CONCERN ABOUT FAIR VALUE ACCOUNTING (FVA) DURING FINANCIAL CRISIS:- Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s explain the following reasons for rejection of FVA during financial crises. Firstly, they argue the FVA is irrelevant for investors. It does not communicate the rationality (Christian Laux; 2009). Critics of FVA have accused it of pouring fuel on the fire rather than simply measuring the flame (Morley; 2008). Secondly, it is not suitable for banking industry and finally, they said fair value is inappropriate for those assets which are held for long term (i.e. held to maturity) and the assets which have no active market (i.e. for illiquid assets). In the mid of 2008, when the crisis reached at its maximum point, the bank started blaming FVA and their main focus of criticism was the valuation of liquid assets. Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s argue that FVA has played an effective role in creating these crises. On the other side of the coin, (Ball; 2000) (Leuz; 2003) suggested that investors, and other interested groups e.g. Accountants and customers ha ve opposite opinion. These interested groups are against the suspension of FVA standards. For example, during November 2008, the joint letter to SEC the Consumer Federation of America, Centre for Audit Quality, Council of Institutional Investors, Investment Management Association, and CFA Institute assert that investors are more confident on the standards (i.e. FVA) which are more transparent and report current and relevant information for valuation of financial instruments regardless of the direction of markets (Christian Laux; 2009). Nicolas (2008) argues that the illiquidity criticism spots light at the market conditions for many financial instruments. These instruments were imbalanced from August 2007 and were not reporting the true prices in markets on the basis of demand and supply principle. Most of prices did not reflect the potential to generate the future cash flows associated with an assets or investment. Nicolas (2008) further argues that fair value compelled Barclayà ƒ ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. to record assets and liabilities on the value which is unjustified by economic conditions. Resultantly, Barclays Bank Plc. was forced to raise new capital under depressed valuation conditions to meet the legal solvency requirements which resulted in reduction in the equity value of existing shareholders. The pro-cyclicality criticism of fair value is based on the idea that when there is boost in market prices it apparently strengths the balance sheet of Barclays Bank. However, in the time of reduction in market prices, it damages the economic position of the bank more severely (Amola; 2006). Futher, Nicolas ( 2008) argues that as the studies support that markets do not work efficiently during the time of crisis when every participant is in the condition of uncertainty and market information are disordered. Therefore, the accounting standards which rely on marketà ¢Ã¢â€š ¬Ã‹Å"s information, damages the decision of ità ¢Ã¢â€š ¬Ã‹Å"s users. Additionall y, he argues that criticism of pro-cyclicality of FVA is not only when markets are inactive for securities but also in the normal conditions of economy (Nicolas; 2008). Regardless of criticism of FVA, Wallace (2009) suggests that elimination of fair value standards is not solution to the problem. The government should focus on stabilizing the financial markets, rebuilding investors confidence by promoting liquidity conditions in markets and improving regulations (Wallace; 2009). Barclays Bank can overcome the shortcomings of historical cost accounting. Reporting at FVA standards, the bank can record their financial instruments including loans at fair value (market based price). Buckland (2005) also argues that for the purpose of monitoring and supervision, the supporters of FVA consider it more reliable source of information. EMPIRICAL LITERATURE REVIEW RESEARCH OBJECTIVES:- During existing literature review, I observed that mostly, the underlying subject has been discussed working papers, reports, conferences and general argumentations. The following literatures give the guidelines to understand the issues related to financial crisis, systemic risk and FVA standards. I went through the following literature to understand my topic of research. Magnan (2009) provides general overview of FVA on financial statements. He briefly explains the origins of FVA, its applications and role in the financial crisis. He believes that FVA has contributed in acceleration of financial crisis especially in banks and financial institutions (Magnon; 2009). Magnan (2009) explains, how fair value has contributed and created financial crisis? He describes that at the start of 2007, some of the financial institutionà ¢Ã¢â€š ¬Ã‹Å"s (including Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Plc.) assets and liabilities drop in value and this drop in value forced these institutions to repor t assets and liabilities lower at their balance sheets. This reporting at lower value negatively affected their capital adequacy ratios (Magnan; 2009) Morley (2008) discusses the role of accounting standard setters and their comments about the FVA. Further, spotting light at the problems of FVA they argue that the sharp fall in market values of many financial instruments adversely affect the market price of these instruments. Additionally, they point out the challenges IASB is facing after the recent financial crisis. They state that the political threat to IASBà ¢Ã¢â€š ¬Ã‹Å"s independence and credibility is continuously growing. Moreover, the headlines such as, Bankà ¢Ã¢â€š ¬Ã‹Å"s accounting gets murkier (Wall Street Journal, November, 11, 2008). The third quarter reports of banks provide evidence that bankà ¢Ã¢â€š ¬Ã‹Å"s accounting system get murkier e.g. The Royal Bank of Scotland is said to have avoided booking à ¢Ã¢â‚¬Å¡Ã‚ ¤1.4 billion of losses as a result of the rule c hange, and Deutsche Bank, Lloyds TSB and HSBC collectively are said to have avoided booking losses of à ¢Ã¢â‚¬Å¡Ã‚ ¬1.5 billion (Morley; 2008). SYSTEMATIC RISK-DEFINITION:- The banking regulations were introduced in the system to avoid systemic risk in the sector (Allen; 1995). The regulators of prudential law are fully aware of the danger that systemic risk can produce in the banking sector. Systemic risk is the risk that can breakdown an entire system (Acharya; 2002). Kaufman (2003) founded that there is high correlation between systemic risk and failure of banking system in a country, a number of countries or throughout the world. Sohnke. M (2005) defines systemic risk as à ¢Ã¢â€š ¬Ã…“ The risk of a failure of the global banking system resulting from a failure of the global inter-bank payment systemà ¢Ã¢â€š ¬? (Sohnke M; 2005). SYSTEMATIC RISK BANKING SYSTEM:- In the case of the banking industry, all banks are connecting to each other due to inter-banking transactions (Sohnke M; 2005). They have common deposits, loans, payment systems and other different indirect services to other financial institutions. Inter-banking system works within a country as well as across countries. Therefore, the adverse shock that effects on a bank in a system damages the entire system. Thus, the insolvency of one bank transforms the insolvencies of other banks in the system. The theory and evidence advocate that the danger of contagious systemic risk in the banking industry is faster and stronger as compare to any other industry (Kaufman Scott, 2003). Additionally, Kaufman (2003) suggests that the initial failure of a bank starts knock on reaction in the system. However, at the start of this shock, the other banks do not expect its transmission to them. Kaufman (2003) explains that if a bank has smaller capital to assets ratio, this means that the bank i s highly leveraged. Therefore, this set of banks transfer their insolvency to other banks in a system (Khan; 2009). Moreover, Kaufman (2003) suggests that in banks, the downward trend in the credit market affects the quality of private and public information. This information also increases the uncertainty in the credit market and badly affects these market conditions. In such situations of uncertainty no participant wants to take risks. Therefore, investors quickly transfer their funds to a safer place (Kaufman Scott; 2003). Cifuentes, Ferrucci, and Shin (2005) argue that when assets and liabilities are reported on market to market basis and there are also external solvency requirements (e.g. prudential regulation), these situations lead to increase of risk in the financial system. They further argue that when the prices of assets are falling, these assets disrupt the solvency ratio of firms. Prudential regulations in banking system demand banks to maintain capital reserves for their solvency in estimation of risk associated with institutions (Khan; 2009). Plantin (2008) has observed that banks sell their assets when prices of assets were falling and purchased assets when prices were rising. Such acts of banks increased the volatility in market prices which increased the probability of rise in the systemic risk in banking sector. MARKET TO MARKET REPORTING FAIR VALUE ACCOUNTING:- Plannutin (2008) suggest that when markets are inactive, FVA becomes more inefficient as compare to historical based accounting (Plannutin G; 2008). As market to market accounting increases the probability of pro-cyclical trades that creates the illiquidity situation in markets. The logic behind is that when the market is illiquid for particular assets as compare to other assets which have active market, the sale of assets adversely affects the price of assets and firm for whom there is no seller or buyer ( Khan; 2008). Therefore, it can be argued that under the FVA reporting (which is based on market to market), prices of assets and liabilities further decline prices of assets and liabilities for which no markets exist. Further, in such situations of uncertainty, the management of these firms sell these assets at lower prices. In reaction to this, pro-cyclical trades starts which increase the overall risk especially in the banking sector. Therefore, we can understand that durin g the recent financial crisis, how the FVA is associated with the systemic risk of banking system? As the market for banking assets became illiquid during the financial crisis and sale of assets of other firms increased pressure on bankà ¢Ã¢â€š ¬Ã‹Å"s management to sell their asset at lower prices (Pollock A 2008). JUSTIFICATION:- Why I have chosen the role fair value accounting in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc.? Being a student of MBA Banking and finance, this topic will give me a unique opportunity to cover both fields of my MBA in one research i.e Banking as well as Finance. Fair value accounting will help me to learn about the finance and financial crises while FVAà ¢Ã¢â€š ¬Ã¢â€ž ¢s role in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. will give me a chance to understand more about UK Banking system. This topic will also provide me empirical evidence about the role of fair value accounting in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. I have a strong desire to built my career in Banking or Finance sector in future as those two fields are of my interest so definitely, this topic will be help me to achieve my future goals. It is also pertinent to mention here that three of my close friendà ¢Ã¢â€š ¬Ã¢â€ž ¢s working in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. (two of them working in the same branch i.e.Norbury, lond on) which will give me an easy access to the data to complete my research methods/dissertation without any hurdles. HYPOTHESIS:- To make an assumption or prediction about any research is not an easy thing to do but on the basis of literature review, I can predict that the role of Fair Value Accounting (FVA) in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. has a positive effect on UK Banking industry as (Nicolas; 2008) argues that Fair Value Accounting compelled Banks to record assets and liabilities on the value which is unjustified by economic conditions and it has played an important role in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. success during credit crunch. I can also predict that the systematic risk is not associated with the financial crisis of Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. and by highlighting the impact of market to market reporting in financial difficulties for Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc, It is assumed that its contribution for the banking industry was vital during financial crisis. RESEARCH METHODOLOGY:- Research methodology consists of two types of research. They are:- Primary Research. Secondary Research. PRIMARY RESEARCH:- Primary Research is research which is used to gather statistics for a precise task. Types of primary data collection methods include:- Personal Observation:  The observation of the respondent by a skilled observer or by electronic tools e.g camera, video. The aim is to observe customer response and activities to a product or consumer service. Personal Interviews:  Face to face interview between an interviewer and the respondent. ADVANTAGES OF PERSONAL INTERVIEWS:- In detail answers achievable. Qualitative statistics can be obtained from small sample. Observation improves precision. Understanding leads to less refusals. DISADVANTAGES OF PERSONAL INTERVIEWS:- Costs qualified Interviewer expensive. Interviewer bias. Difficult to get an appointment if the interviewer is a busy person. Invasion of privac y. FINDINGS ANALYSIS-PRIMARY RESEARCH:- SCOPE OF QUALITATIVE METHOD:- To collect the primary data for my qualitative analysis, Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll develop questionnaires to identify answers of the research questions in the dissertation. Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll follow (B Healey; 2005) approach who developed close ended questionnaires with check boxes to answer these questions. Gannon (2001) asserts that amongst all the other research techniques, the questionnaires have been given high priority due to negligible cost and scope for easy evaluation they offer. Close ended questionnaires are one of the most common used tools for getting opinions ( L H Wang; 2006). Further, it is an adequate way to get the opinion of experts from the relevant field of research that has good representation of practical experiences and expert knowledge. Underneath this logic, most of companies, Banks and government agencies use this method to collect information. LIMITATIONS OF QUALITATIVE METHOD: Gannon (2001) critics that the information gathered as the results of questionnaires are limited because mostly questions ask in questionnaire allow only positive or negative response. Additionally, it is pragmatic that sometime the respondents refuse to answer certain questions or giving their answers in hazel and even sometime do not read the questions (Sproull; 2001). Chambers and Pretty claim that in spite of problem with answering the questionnaires, it was considered that it is time consuming, expensive and not suitable for reaching at conclusion ( Marslan; 2001) . SECONDARY RESEARCH:- Secondary research is the most general research method engaged in the every field today. It involves dealing out facts figures that has already been collected by a different party. With this research, researchers will check with previous studies and findings such as reports, press articles and earlier market research projects in order to come to a conclusion. This has comparatively low cost in comparison to  primary research. TYPES OF SECONDARY RESEARCH:- There are different types of resources offered for secondary research. The most well-known are: Published statistics: survey, housing and social security statistics Published texts: abstract work, secondary analysis by  experts  and reports Media: documentaries as a source of information Personal documents: diaries ADVANTAGES:- Economical and reachable especially at University/College Library. Often the only source, for example historical documents Books. Only way to look at major trends. DISADVANTAGES:- Lack of stability of perception. Biases and inaccuracy can not be checked Available data often increase more questions than they answer. The worry over whether  any  statistics can be completely detached from the perspective of its gathering or not. FINDINGS AND ANALYSIS-SECONDARY RESEARCH:- SCOPE OF QUANTITATIVE METHOD:- Prior to 2004, UK firms and Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. were preparing their financial statements according to UK GAAP (Generally Accepted Accounting Principles). 2005 was the first year when International Accounting Standard Board (IASB) and UK Accounting Standard Board asked UK firms Banks including Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. to prepare and report their financial statements at IFRS. (Ormrod; 2007). Additionally, Gannon and Ashwal claim that more than hundred countries worldwide use International Accounting Standards on either a compulsory or on a permitted basis and more countries are expected to follow in the near future.(Ormrod; 2007). Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll consider year 2005 when Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. adopted IFRS as start of FVA regime. Henceforth, year 2005 to date, Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll take as my sample period for quantitative testing. Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll use secondary data sources to gather information for quantitative analysis eg B arclays website, Journals, Books. Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll collect the details of assets and liabilities which are reported at fair value of different banks from the web sites of these banks and then Ià ¢Ã¢â€š ¬Ã¢â€ž ¢ll compare them with Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. This study will provide me evidence that the difference between reporting assets and liabilities at fair value and book value on investment securities explains the share prices of insurance companies and banks as (Penman; 2007) described. LIMITATIONS OF QUANTITATIVE METHOD:- Mirosevich (2008) argues that most of quantitative methods are based on classical tests which produce correct results only when underlying assumptions are fulfilled. These tests produce incorrect P-values, effect sizes and confidence intervals when they violate the key assumptions to calculate P- values. Therefore, the evaluations of these results mislead the research objectivity (Mirosevich; 2008). The researchers observed that the assumptions made under quantitative methods to test hypotheses are mostly not correct in real life. Many factors are to be considered constant or assumed not affecting the dependent variables. Therefore, the results obtain from such tests are sometimes misleading the research goals (Mirosevich; 2008). RECOMMENDATIONS AND CONCLUSION:- The debate of costs and benefits of fair value will go on and the analyses conducted in this study are considered to be a new addition to literature which addresses important and complex issues of FVA in current debate of accounting usefulness. These issues require further investigative studies. The financial crisis has made clear that the financial statements organizers need additional guidance to calculate fair values in illiquid markets. Users of these financial reports need better disclosures of financial information especially at the critical level 3 inputs. The users of financial information are interested to analyse the sensitivity of fair value measurements and its influence on the Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. Accounting standard-setters need to consider the demands of interested parties and issue guidance and disclosures accordingly. Preparers need to provide these disclosures in an informative fashion, and users must analyze them carefully and dispassionately. Additionally, accounting researchers and teachers can contribute to all of these processes. Indeed, for all of us who care about accounting and its role in the economy, there is much work need to be done (G.Ryan; 2008). Further, I believe that more time and research is required to determine reality that whether FVA has played its role in failure of Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. or not? To understand the role of FVA seems vital for future developments and implementations of accounting standards in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. Additionally, future studies of FVA will give new shape and directions to financial reporting framework. I hope that over next few years, most likely the conduct of lot of empirical studies will give us a distinct answer to the question about the role of FVA in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. during financial crisis. The debate of FVA mainly revolves around the issues cost and benefit of reporting assets and liabilities at fair value an d its role during financial crisis. The researchers such as Penman (2007) Simatupang (2009) Kevin (2009) Magnan (2009) and Khan (2009) are enthusiastic to determine the appropriateness of FVA and its link to increase systemic risk in Barclayà ¢Ã¢â€š ¬Ã¢â€ž ¢s Bank Plc. The role of accounting is to provide useful information to users of financial statements (Ryan; 2009). The advocates of FVA assert that it provides critical information to users of financial statements which help them to take their economic decisions.