accounting concepts are rules and guidelines which the accountant follows and uses when deciding between differing options to make. They help to ensure the accounting information is presented accurately and consistently. All formal accounting statements should be created‚ preserved and presented according to the concepts and conventions’. The following will look at each of the concepts and conventions and relate them to the profit and loss account for a sole trader. GOING CONCERN This concept assumes
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FINANCIAL MANAGEMENT CONCEPTS FOR M.B.A II SEMESTER STUDENTS | |ABC System : a System used to categorize inventory items to ensure that the most important ones are reviewed most often. | | |Account Receivable: A balance due from a customer. | | |Aggressive Working Capital Investment Policy : A policy under which holdings of cash‚ securities‚ inventories‚ and receivables
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Nursing practice has been transformed from a basic healing and caring concept to a multiple facets of systematic health care collections in an imperative need of rapid changing society over the last century. In order to ensure safe practice of nursing‚ regulation and supervision by legislations serves its purpose. Nurses could obtain nursing regulation information through numerous sources. “National Council of State Boards of Nursing (NCSBN) is an independent‚ not-for-profit organization through
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1. Introduction The service concept is critical and central in managing service operations. It has become increasing important in defining what the corporations are selling and the customer buying or using. It can be used to design and improve the services. “The service concept is something that is more emotional than a business model‚ deeper than a brand‚ more complex than a good idea and customers and creates a business advantage.” (Johnston.R and Clark.G‚ 2008) The selected service organisation
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Abortion Abortion is the removal of a fetus from the uterus in an attempt to terminate a pregnancy. This is both a social and moral issue. The abortion procedure can be performed up to the sixteenth week of pregnancy. By the sixteenth week of pregnancy the fetus can hear external voices‚ sleep‚ and dream. The fetus’ heart is even circulating blood through its tiny body at this point. Therefore yes the fetus is a human being just as we are and it has every right to live. During the 1800’s in
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Concepts of Entrepreneurship Measured Risk Entrepreneurs are risk takers‚ staking money‚ time‚ and personal reputations to manifest their visions. But‚ like heros‚ entrepreneurs are rarely reckless. Rather‚ successful entrepreneurs take measured risks‚ weighing the stakes and the potential consequences‚ and then stepping into unknown territory to generate results. As risk takers‚ successful entrepreneurs understand that failure can be a vital part of success‚ and that learning from mistakes can be
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EVOLUTION OF NURSING Nursing is a profession that can be recalled and accounted for since prehistoric times to now it has since come a long way. In fact in earlier times nursing was only a practice reserved for men. The first nursing school was established in India in about 250 B.C.‚ and only men were permitted to attend because men were viewed to be more pure than women‚ until the 1800’s when nursing became an organized practice. Should one embark on a research about the history of nursing one would
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ACCOUNTING CONCEPTS What are the Account Concepts? In order to maintain uniformity and consistency in preparing and maintaining books of accounts‚ Certain rules or principles have been evolved. These rules/principles are classified as concepts and conventions. These are foundations of preparing and maintaining accounting records. “Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts
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The Ancient Concept of Karma Religion is the heartbeat of every culture that has ever been a part of the human race’s existence. It is what gives people hope‚ faith‚ something to believe in‚ and something that encourages them to be the best person that they can possibly be. Karma is a huge aspect of many religions‚ specifically in Hinduism. The concept of karma greatly empowers those said traits in religion. Ever since ancient and classical Indian culture‚ karma has impacted people all
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Nursing theorist Virginia Henderson‚ RN was a visionary‚ well ahead of her time in terms of her vision for the present and future of nursing. The major concept of her Definition of Nursing theory addresses the role of healthy independence for a nurse in addressing the holistic needs of a patient who is unable to self care‚ and therefore cannot attain independence due to knowledge deficit or debility or decreased will. The nurse practically fulfills the 14 basic needs in ways that are patient centered
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