Accounting is the compilation of financial information for use in making economic decisions.
BOOKKEEPING provides the basic accounting data, by systematically recording such day-to-day financial information as revenue from the sale of products or services; expenses of business operations such as the cost of merchandise sold; and overhead expenses such as rent, wages, and so forth. Accounting principles determine which financial events and transactions should be recorded in the bookkeeper's ledgers, journals, and computer printouts.
The analysis and interpretation of these records is the primary function of accounting. The various financial statements produced by accountants then furnish business and other types of organizations with the basis for their financial planning and control, and provide other interested parties (investors, the government) with information they can use to make decisions about these organizations.
FUNCTIONS OF ACCOUNTING Accounting provides informational access to a firm's financial condition for three broad interest groups. First, it gives the firm's management the information to evaluate financial performance over a previous period of time, and to make decisions regarding the future. Second, it informs the general public, and particularly the firm's stockholders or those interested in buying stock, about the financial status of the firm over the previous quarter or year. Third, accounting provides reports for the tax and regulatory departments of the various levels of government. Accountants also perform many of the same functions for agencies of the government, nonprofit organizations, and other entities. Financial
Accounting Large corporations maintain their own internal accounting departments; small firms may hire the services of an outside accountant. In either case, the accountant's principal duty is to gather the figures that relate to such financial matters as profits, losses, costs, tax liabilities, and other debts, and to present them to the firm's management in a form that is logical and readily understood. For publicly traded companies--those which offer stocks and bonds for sale to the public--accountants also prepare regularly published reports of interest to those outside the organization who are concerned with the company's financial condition: investors and potential investors, creditors, and the general public. At ...
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...own on the profession--especially on the
Big Six firms--a number of liability suits. The auditing industry is largely responsible for disciplining itself to ensure the independence of its auditors; and where an auditor differs from management as to the appropriate reporting principles, the auditor will require adherence to generally accepted accounting principles. The American Institute of
Certified Public Accountants (AICPA) has developed standards of performance for auditors designed to ensure both independence and that adequate audit work is performed. When financial statements are issued a "clean opinion" but later are found to be misleading, the independence of the auditor may be challenged. Although the auditor's task is not specifically to uncover fraud, courts have found auditors liable when their audit work was insufficient or lacked an adequate level of independence.
William J. Oliver Bibliography: Blensly, D.L., and Plank,
T.M., Accounting Desk Book, 9th ed. (1989); Briloff,
A.J., Unaccountable Accounting (1972); Meigs, W.B. and
R.F., Accounting: The Basis for Business Decisions, 8th ed. (1989); Weinstein, G.W., The Bottom Line: Inside
Accounting Today (1989).
Sparta was known for being strong, but was it really? In case you don’t know, Sparta was a Greek city-state. Sparta only focused on war. Spartans were only taught the basics of other topics. Spartans were trained for 13 years just to fight. Reading and writing were only taught in Sparta for practical reasons. The strengths didn’t outweigh the weaknesses. There were more weaknesses to Sparta than there were strengths. The strengths of Sparta didn’t outweigh the weaknesses for three reasons. The first reason is that the babies were killed just if they looked weak. The second reason is that the Spartans barely new anything about other topics (math, reading, writing, etc). The third and final reason is that the helots outnumbered the Spartans 50 to 1.
Although nursing is universally practiced, not all nurses values and morals are the same. Nurses and nursing students are usually put in situations where they must operate within an ethical structure which is either unfamiliar to their cultural criterion or those of the patients for whom they are taking care of. The most prominent values and morals of nurses are based on human dignity and benevolence. Human dignity is the main component that branches off into other values under caring for health and well-being. Trust, integrity, autonomy, and privacy are one of the many sub-values that fall under human dignity. It is important for the nurses to respect and understand the culture and beliefs of the patient without being judgmental or confrontational. The wellbeing of the patient is priority and so the nurses must focus on gaining the patients trust first by tending to their needs and exhibiting
Like most Greek states of the Archaic and Classical Era, the Spartan city-state was a militaristic one. Sparta, however, took the idea to its extreme. In order to become the best soldiers, Spartan citizens had to dedicate their entire lives to the occupation. In fact to be a soldier – a hoplite – was the full infrastructure of Spartan society. While most Greek city-states looked down on labor, physical work, and even working for profit, they still had to work for a living, produce something. “The Spartans a...
Sparta, also called Lacedaemon, was a city in ancient Greece, and one of the most famous ancient Greek cities of the Peloponnesus. Found in the hills of Mount Taygetus many would consider was a brutal group of militaristic people. Although, this to some extent may be true most of the written information was derived from the ancient city-state of Athens, who were great enemies of the Spartan society.
Sparta had very different values than that of societies today. Located on Peloponnese, a peninsula in southern Greece, it slowly grew enough to be considered a city-state. The people there valued military more than morals. The Spartans owned helots and fought against an army much bigger than theirs and everyone died but stopped the Persians using the phalanx. The strengths in Sparta’s education system outweigh the weaknesses because boys were taught the proper attitude, to care for and use their bodies, and how to be prepared for whatever comes their way.
Sparta was a war-like Greek city-state that had 2 main ranks of society. There were the Spartans, who were citizens that
Sparta was a city-state based on strict military ruling, at the age of seven a young Spartan would start out training and be trained into killing machines. When a Spartan baby is born, high elite Spartan soldiers would observe the baby to see if it was healthy and strong, if not the baby was ill and weak so it would be taken up a mountain and left there to die. This is just one example that shows how Sparta only wants a strong army and doesn't care about anything else. Strict rules of the government made it so that every Sp...
The Quality and Safety Education for Nurses (QSEN’s) goal is to prepare future nurses with the knowledge, skills, and attitudes (KSAs) that are needed to continuously improve the quality and safety of the healthcare systems within which they work. QSEN focuses on six main competencies; patient-centered care, teamwork and collaboration, evidence-based practice, quality improvement, safety, and informatics. As we have learned in earlier classes these competencies and their KSAs offer a base to help us and other nurses as we continue our education and become RNs. As we will learn in this class these KSAs go hand in hand with health assessment.
Sparta was a strict military city-state. The people were Dorians who conquered Laconia. This region lies in the Peloponnesus, which lied in southern Greece. The invaders turned the conquered people into state owned slaves, called helots. Since the helots greatly outnumbered their rulers, Spartans established a strict and brutal system of control. The Spartan government had two kings and a council of elders who advised the monarchs. An assembly made up of all citizens approved all major decisions. From child-hood, a Spartan prepared to be part of the military. All newborn were examined and the healthy lived and the sickly were left to die. Spartans wanted future soldiers or mothers of soldiers to be healthy. At the age of seven, boys trained for a lifetime in the Spartan military. They moved to the barracks and endured brutal and extensive training.
Nurses are key components in health care. Their role in today’s healthcare system goes beyond bedside care, making them the last line of defense to prevent negative patient outcomes (Sherwood & Zomorodi, 2014). As part of the interdisciplinary team, nurses have the responsibility to provide the safest care while maintaining quality. In order to meet this two healthcare system demands, the Quality and Safety Education for Nurses (QSEN) project defined six competencies to be used as a framework for future and current nurses (Sherwood & Zomorodi, 2014). These competencies cover all areas of nursing practice: patient-centered care, teamwork and collaboration, evidence-based practice, quality
Firstly, the rejection of luxury and avarice invariably results in a focus on military pursuits. Secondly, the apparent equality belies a vast slave network (common in antiquity, but the unique brutality of the Spartan kind can only bring to mind the Gulag). Lastly, intellectual sterility sets in. Sparta, intellectually, seems to be only good at cracking jibes (Athenian: “I can imitate a sparrow” Spartan: “So what, I have heard the real thing” upon approaching the walls of a city, a Spartan said, "What kind of women live here?"). Their poetry is stale and militaristic; their women are absolutely free; children are encouraged to steal; sex is made to resemble rape; parents mourn when their children return safe from war, and celebrate when they die: this is the weirdest state ever. The book “On Sparta” is a well written book as well is most of Plutarch’s
It prepares a novice to be able to perform basic skills throughout their career. Learning is related in the classroom by simulation labs and clinical instructors. Educators consider nursing education to be serious. Their role in preparing nursing students is to convey safe practice for patients. They focus on educating students to learn the knowledge of essential care for different patients. New graduates who learn the sufficient knowledge and skills will be able to understand aspects to protect and design for the nurse and patient. Students are taught to recognize safety threats and will understand the significance of reporting errors for future prevention.
Canadian health and safety legislation require companies and organizations to make a commitment towards occupational health and safety. Maintaining a safe workplace environment has numerous benefits. A safe work environment can boost employee morale, increase productivity and improve job satisfaction. For companies and organizations these benefits can lead to less turnover and increased employee retention. They can also reduce absenteeism while improving the culture and image of a company or organization. Most importantly, increased safety in the workplace can lead to fewer workplace injuries and causalities. Workplace health and safety issues are different today than there were at various points of time in Canadian history.
The revenue/cost period-: Revenue and the cost period in accounting that the company get income from normal business activities. It’s referred to normal business income that the company got by selling their product and service.
A largely accepted language is required for a business or organization to effectively communicate its results and position to stakeholders, which is why accounting has come to be known as the "language of business". Accounting is really the means for providing financial information to others. Financial analyst then take the data the accountants have compiled in the form of reports, and make educated guesses at what their company should do next. David ballast (1996) stated, "The fact remains that accounting and finance are the primary tools for reducing business problems and opportunities to a common denominator, setting goals, measuring results, and making decisions." (p. 1)