Accounting 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.
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Service package of MITSOB Before describing about the service package of MITSOB I would like to give an overview of what SERVICE is .. “Any act or performance which one party offers to another that is essentially intangible in nature and which never result in ownership of anything is known as service .” Now according to this definition of service I would like to define the service package of MITSOB MITSOB is a service firm it only and only offers service. MITSOB is an education institution which
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Cases Precision Concepts Corp v. General Employment &Triad Personnel Services -The facts: General employment contacted precision regarding a job opening and sent a potential employee‚ Tavery Tan‚ for an interview. Precision hired her but refused to pay GE for procuring the employee. Precision filed a complaint that there was no contract and the court rendered judgment to GE on a counterclaim. Precision appealed. -The Issue: were all the elements of a contract present to make the contract
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Business Entity Concept Money Measurement Concept Going concern concept Accrual basis concept Consistency Concept Materiality and aggregation concept Concept on Prudence Matching Principle Dual Aspect Relevance Concept Introduction Financial accounting has a number of conservative laws which have been considered over the years and all the possible identifiable rules are: Business Entity Concept‚ Money Measurement Concept‚ Going concern Concept‚ Accrual basis of accounting concept‚ Consistency
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The Banking Concept of Education: Paulo Freire states “knowledge is a gift bestowed by those who consider themselves knowledgeable upon those whom they consider to know nothing” (139). He claims that in The Banking Concept of Education‚ the teachers treat the students as a bank in which they deposit information into them and the students never really get to think critically about the information they are learning. This method was widely used during the first twelve years of my formal education
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“Nowadays the concept of culture in anthropology and sociology is regarded as a fundamental element in the humanities.” (Chase‚ 1948: 59; cited in Encyclopaedia Britannica‚ 2007: The culture concept in anthropology) Today culture is one of the most discussed concepts all around the world. It has a crucial role in human relations. Its understanding is the kernel of the new multiculturalism policy of different countries around the globe. And in this understanding the social sciences has a
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goods-dominant (G-D) logic. The concept of the Four Ps of marketing mix – product‚ price‚ place and promotion became treated as the basic model at that time. (Grönroos‚ 1989) Today‚ this paradigm is beginning to lose its position. Service marketing is one leading new approach to marketing. Four main characteristics of services defined by Kotler et al. (2009) are intangible‚ perishable‚ variability and inseparability (see Appendix A). Thus‚ Booms and Bitner (1982) turn services marketing into 7Ps by adding
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----------------------------------------------------------- Accounting Concept and Conventions In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has‚ therefore‚ developed the concept of a "true and fair view". The true and fair view is applied in ensuring and
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The Concept of Self and its Marketing Interest Self-concept is described by Zhao‚ Li‚ Teng‚ & Lu (2014) as the image that we have of ourselves. This image is formed by interactive sources‚ such as material objects and ideas‚ but is particularly influenced by our interactions with significant others in our lives (Arnould‚ Price & Zinkhan‚ 2004). These sources interrelate with one another and depend on various situations and motives that the individual may currently have (Arnould‚ et al‚ 2004). Changing
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Self-concept emerges as a child develops an increasingly rich concept of him or herself‚ separating the notion of "I" from other people and objects. In addition to he concept of "I" a child develops a separate notion of "Me" which has certain defining features and qualities. William James defined "Me" as one that is observed and perceived. "It is the Me that one sees when attention is focused on the self‚ the Me as an object‚ represented in self-concepts‚ in how we see ourselves." The notion of
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