Accounting Concepts Underlying Assumptions‚ Principles‚ and Conventions Assumptions The following are basic financial accounting assumptions: Separate entity assumption - the business is an entity that is separate and distinct from its owners‚ so that the finances of the firm are not co-mingled with the finances of the owners. • Going concern assumption - the business is going to be operating for the foreseeable future. Stable monetary unit assumption - e.g. the U.S. dollar • Fixed
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Validity- does the variable accurately reflect the phenomenon you are trying to measure. Reliability- does the indicator consistently assign the same number. Cross-sectional data- no time/multiple entries. Panel data set- multiple entries/over time. Time series-one entry/time. Population: the total set of items or people that a researcher is interested in studying. Sample: a subset of the population- random or nonrandom. Goal is to be representative of population.Criteria for evaluating causal relationships
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Marketing concept The marketing concept holds that the key to achieving organizational goals consists of the company being more effective than its competitors in creating‚ delivering‚ and communicating customer value to its chosen target markets. The marketing concept rests on four pillars: target market‚ customer needs‚ integrated Marketing and profitability. . The selling concept takes an inside-out perspective. It starts with the factory‚ focuses on existing products‚ and calls for heavy selling
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Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
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Managerial Economics Final Project Fajwa’s Apparel Outlets Iqra Fayyaz (10223004) Malik Usman Khan (10223001) Sufyan Adil (10223024) Jabbar Ahmed(10223006) Mohd. Salman (08110104) Instructor: Dr. Tasneem Akhtar GIFT Business School GIFT University ACKNOWLEDGMENT In the name of ALLHA ALMIGHITY the lord of the world who has bestowed us with abilities and blessed with knowledge so that we can make best of opportunities provide to us. First of all we are indebted toward ALLHA ALMIGHTY
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Concept of Ethnicity Concept of Ethnicity is being interpreted by many school of thoughts. Ethnicity has turned out to be conspicuous in prominent and insightful thoroughly considering the most recent 50 years. In the late 1960s a couple key works fortified the development of a confusing collection of writings. Ethnicity is a fervently idea. Since it rose as a critical type of aggregate personality in the 1960s‚ it has been appropriated by a wide range of individuals for a wide range of purposes
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CONCEPT OF EDUCATION Education involve training of entire person to enable them not only to read‚ write and calculate or to be proficient in a given job but also to enable them to fit themselves for living in the society‚ therefore‚ it is the training of a person intellectually‚ morally and physically. It is also an instrument for social development or social reform through individual development‚ education is a companion‚ it chastens vice and it guide virtues. Unarguably‚ education provides the
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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have complete domination in his business domain. Christopher Nolan‚ director of Inception‚ uses Sigmund Freud’s theory of psychoanalysis to help originate this movie. Although at times the concepts are a little farfetched‚ Freud’s theories of defense mechanisms as well as his concept of dreams are both applied in this film. The term psychoanalysis is used to discuss to the numerous parts of Freud’s work and studies. Freud believed the mind is divided into two main parts‚ the conscious and unconscious
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Concept of Civilization What is civilization? Civilization is a term we have frequently used as a milestone for our existence on earth. However‚ all of us have our own views and definitions on the term “civilization”. In most modern researches of civilization‚ it is common for the researchers to gravitate to tangible and measurable data such as technological advances‚ economic status‚ as well as quality of life in order to determine the “progress” of a civilization. Yet‚ a famed Egyptologist
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