What Is Love?

Love is a set of emotions and behaviors characterized by intimacy, passion,

and commitment. It involves care, closeness, protectiveness, attraction,
affection, and trust. Love can vary in intensity and can change over time. It is
associated with a range of positive emotions, including happiness, excitement,
life satisfaction, and euphoria, but it can also result in negative emotions such
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as jealousy and stress.

When it comes to love, some people would say it is one of the most important
human emotions. Yet despite being one of the most studied behaviors, it is still
the least understood. For example, researchers debate whether love is a
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biological or cultural phenomenon.

Love is most likely influenced by both biological drives and cultural influences.
While hormones and biology are important, the way we express and experience
love is also influenced by our personal conceptions of love.

5 Ways That Theories of Psychology Explain Love

How Do You Know?

What are some of the signs of love? Researchers have made distinctions
between feelings of "liking" and "loving" another person. According to
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psychologist Zick Rubin, romantic love is made up of three elements:

Attachment: Needing to be with another person and desiring physical

contact and approval
Caring: Valuing the other person's happiness and needs as much as your
own
Intimacy: Sharing private thoughts, feelings, and desires with the other
person

Based on this view of romantic love, Rubin developed two questionnaires to

measure these variables, known as Rubin's Scales of Liking and Loving. While
people tend to view people they like as pleasant, love is marked by being
devoted, possessive, and confiding in one another.

The Difference Between Liking and Loving

Improvement needed
1. More relevant and understandable financial reports for the
various users.
2. The use of direct method in the preparation of the cash flow
statement.
3. More support for retail investors.
4. Simplification of financial reporting standards by standard setters.
5. The financial reporting burden on smaller and nonlisted entities
should be limited.
6. The use of fair value in financial reporting should be supported.
7. The use of principle - based financial reporting standards.
8. Convergence to one set of globally accepted, principle - based,
high - quality financial reporting standards.
9. Preparers of financial statements should maintain professional
behavior and qualification.
10. Improving communication with all participants in the financial
reporting supply chain.
11. Including more business - driven information in financial reports.
12. Better alignment of internal and external reports.
13. More readily and easily accessible electronic data; for example
XBRL.
14. Less focus on short - form reporting on the material issues.
15. Move toward convergence to a single set of global financial
reporting standards.
16. Enhance regulatory and oversight of the financial reporting
process.
17. Board of directors/management taking ownership of financial
reporting.
18. Enhance internal control over financial reporting systems.
19. Improved technology in the financial reporting process.
20. Complete convergence to one set of globally accepted financial
reporting standards.
21. Simplified and clarified financial reporting standards through
more principles and fewer rules.
22. Continuous oversight of financial reports by board of directors,
with particular attention to the quality of financial reports.
23. Enhanced additional and educational and training for preparers
of financial reports.
24. Continued support for online and electronic financial reports.
25. More quantitative and qualitative information on the quality of
financial reports.
26. Clarification on what financial statements do and do not
disclose.
27. Information on significant risks and trends that have affected 7. Focus on measuring short - term performance instead of
the financial statements and will continue to affect financial sustainable performance.
statements.
8. Effective transition
28. Discussion of quality and quantity of earnings and cash flows.

Improvement made

1. More useful and relevant financial information due to improved

standards, regulation, and oversight.

2. More disclosure and better comparability in financial reports.

3. Enhance reliability of financial reports.

4. Increase emphasis on narrative reporting.

5. Easier access to financial information.

Challenges

1. Reduce usefulness and readability of financial reports due to

complexity.

2. Excessive use of fair value in financial reporting.

3. Focus by companies on compliance with applicable laws, rules,

regulation, and standards instead of emphasis on the business and
focus on sustainability.

4. Regulatory disclosure overload.

5. Difficult and often changing in financial reporting standards.

6. Lack of forward - looking information.