The prudence concept Being prudent means THAT YOU ARE CAREFUL ABOUT YOUR FINANCIAL SITUATION. IT MEANS NOT BEING CERTAIN ABOUT HAVING MONEY UNTIL YOU DEFINATLY KNOW YOU WILL BE GETTING IT. The prudence concept means that when you are running a business and trying to figure out what your profits will be you understate your profits rather than overstate them. It also means that you make a record of all the debts or money that you own out of the business and not writing down any anticipated profits
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THE CONCEPT OF COMMUNITY IS PROBLEMATIC. COMMENT ON YOUTH‚ CULTURE AND POSTCODE RIVALRY IN INNER CITY LONDON Community has been described and interpreted in different ways. It has been explained by different people in their own understanding and views. The concept of community could be associated with the beliefs‚ culture and interests. In this essay‚ the concept of community‚ what it is and the different types of community will be discussed. Also‚ the association between community‚ youth and
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ACC 3401 Audit and Professional Ethics │LECTURE 1│ Concepts of Auditing Learning Objectives After the lecture‚ students should be able to: describe the nature‚ purpose and scope of an audit; describe various basic principles and concepts of auditing and explain their importance in the actual audit procedures; and describe the professional framework within which auditors must operate. 1. Accounting vs. Auditing Accounting - the process of recording‚ classifying‚ summarizing and
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Venture Concept Geri Rowland University of Phoenix FIN/375 Kent Moser December 24‚ 2012 Venture Concept Venture concept is business idea individual search to venture to profit big. New business idea takes more than just launching the new idea in hope its target consumer accept and support it and call it a success. Venturing out new business idea is a high risks to take because no one knows for sure if the targeted consumer will accept the new business idea; therefore planning for success
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The Concept of Success The concept of success can be defined in many ways by many different types of people‚ this may depend on their values and they way in which they see or define success. 1. the favorable or prosperous termination of attempts or endeavors; the accomplishment of one ’s goals. 2. the attainment of wealth‚ position‚ honors‚ or the like. 3. a performance or achievement that is marked by success‚ as by the attainment of honors: Ref: http://dictionary.reference.com/browse/success
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Understanding the Concepts Professor Stephen Harding Finance 100: Principles of Finance March 3‚ 2013 Abstract The purpose of this paper is to discuss several financial concepts: Financial ratios that are important to me as a small business owner will be determined and compared to the ratios that are of importance to managers of huge corporations. In addition‚ this paper will describe the advantages and disadvantages of debt financing and the reasons why corporations would
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Chrisman White Ms. Lowry English 1102 January 19‚ 2013 Down Goes Banking Up Comes Problem-Posing In the article “The Banking Concept of Education‚” Friere claims that the teacher and student’s relationship is fundamentally narrative in which the students are somewhat being trapped in the system of “Banking Education”. Freire goes on to say that education is suffering from narrative sickness‚ which means that information is being repeated constantly to the point where it has no meaning
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Marketing Concepts MAR110 Study Period 4‚ 2010 SWINBURNE UNIVERSITY OF TECHNOLOGY Research Report “Marketing’s really just selling with a posh name! What’s all this about a Marketing Concept?” EXECUTIVE SUMMARY This research report aims to depict if there is any truth to the statement “Marketing is just selling with a posh name...” it also aims to illustrate the marketing concept‚ which refers to the second half of the statement “ .....What’s all this about the marketing concept”
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Principles‚ Concepts and Conventions Accounting principles are guidelines & standards‚ which have been accepted by the accounting profession in preparation and presentation of accounts of the business. It is approved and normally accepted by the government bodies &controlling authorities. Accounting principles are uniform in order to understand in the same sense by those using it. Also they are not rigid (i.e. inflexible) like principle of gravity but they are flexible. This is because
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Jaquetta Epperson Conflict Resolution 10 Concepts in Chapters 2‚ 3‚ & 4 Conflict Frames: A frame is a cognitive structure based on previous experience‚ which guides our interpretation of an interaction or event. Frames helps the parties understand and interpret what the conflict is about‚ what is going on; and what should be done about it. Six dimensions of conflict frames have been identified. (Instrumentality‚ Other Assessment‚ Affect‚ Face‚ Affiliation and Distributiveness) These six
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