Accounting and the Four Basic Accounting Statements Accounting is a body of principles and conventions as well as established general process for capturing financial information related to an entity’s resources and their use in meeting the entity’s goals (Kaliski‚ 2007). It is essential for companies to have educated and trained accountants to analyze and maintain their financial information. Accountants use four different types of financial statements to accomplish this. The purpose of accounting
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Basic Financial Statements Accountants‚ business owners‚ investors‚ creditors and employees use four basic financial statements of an organization to determine the financial well-being and future earnings potential of that organization. Financial statements are a key tool in seeing and understanding the past‚ present and future condition of an organization. What are these financial statements and what do they mean to the reader? Do the financial statements mean something completely different to
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Environment‚ Development and Sustainability (2005) 7: 501–518 DOI 10.1007/s10668-004-5539-0 Ó Springer 2005 DEBATES ON SUSTAINABLE DEVELOPMENT: TOWARDS A HOLISTIC VIEW OF REALITY LEONARDO ALBERTO RIOS OSORIO1‚*‚ MANUEL ORTIZ LOBATO2 and ´ XAVIER ALVAREZ DEL CASTILLO3 1 Universitat Polite`cnica de Catalunya‚ Edifici Campus‚ TR10‚ Calle Colom‚ 2‚ P.O. 08222 Terrassa‚ Barcelona‚ Spain; 2UNED (Distance Education University of Spain)‚ Terrassa‚ Barcelona; 3Universitat Polite`cnica de Catalunya‚ Terrassa
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HUMAN VALUES Values have been a central concept in the social sciences since their inception. For both Durkheim (1893‚ 1897) and Weber (1905)‚ values were crucial for explaining social and personal organization and change. Values have played an important role not only in sociology‚ but in psychology‚ anthropology‚ and related disciplines as well. Values are used to characterize societies and individuals‚ to trace change over time‚ and to explain the motivational bases of attitudes and behavior
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The Four Planes of Development The first 24 years of a child’s life is divided to four planes or stages of development each consist of a period of six years. Within these stages the development is intense at the beginning‚ consolidates and then tapers to the next. The 1st & 3rd planes are periods of intense creation‚ while 2nd & 4th planes are the calm periods of consolidation. * Birth to six (infancy) First Plane * Six to twelve (Childhood) Second Plane * Twelve to eighteen (Adolescence)
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The Four Basic Styles of Communication Passive Aggressive Passive-Aggressive Assertive 1. PASSIVE COMMUNICATION is a style in which individuals have developed a pattern of avoiding expressing their opinions or feelings‚ protecting their rights‚ and identifying and meeting their needs. Passive communication is usually born of low self-esteem. These individuals believe: “I’m not worth taking care of.” As a result‚ passive individuals do not respond overtly to hurtful or anger-inducing
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Geography has changed how human growth has occurred in many different ways. Geography being not only the shaping of the land but also including the climate and weather patterns affects human development in a lot more ways than most people know. Geography still affects us today when we decide to move or even the beliefs and culture we have and live in. People inhabiting the world have been affected by geography in the sense that humans have followed food sources and resources to discover new lands
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The Four Basic Financial Statements In the field of accounting‚ the basis of all decisions comes from the calculating and reporting of financial statements. Without these statements‚ a company may lack in organization skills which could lead to huge errors being made. These huge errors could cost a company millions of dollars. Knowing that‚ it is important to make sure that these reports are done accurately and in a timely fashion so that mistakes do not become catastrophes. Income Statement
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communicating economic events that affect a company (Weygandt‚ 2008). Because various factors can influence an organization ’s financial situation‚ the role of accounting is vital in which these three activities are conducted. FOUR BASIC FINANCIAL STATEMENTS The four basic financial statements are: income statement‚ retained earnings statement‚ balance sheet‚ and statement of cash flows. Companies typically produce different forms based upon the information needs
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one can find that there are four basic computer elements following are the elements. (1) ALU (Arithmetic Logic Unit): The ALU is the digital circuit that is able to perform different types of functions‚ such as Addition‚ Subtraction‚ and Multiplication etc. (2) Control Unit: The control unit is the part of CPU (central processing unit) or other devices that performs the duty to direct its operations‚ the control unit is just like a finite state machine that has some finite states and the transaction
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