The health industry as we know it is under a great threat that might for the industry as a whole to either evolve or great left behind as a relic of the past. Currently the health industry realis on patients coming in getting a consultation or a prescription that the hospital or health institution then charges people for. However‚ recent advancements in technology and the way that people react to technology are threatening to make the health care industry out of date. Recently some phone applications
Premium Health care Medicine Patient
Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
Premium Generally Accepted Accounting Principles Accounts receivable Revenue
8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
Premium Generally Accepted Accounting Principles Balance sheet Asset
ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
Title: Impact of technology transfer units on growth of biotechnology industry in India According to the Indian draft National Biotechnology Development Strategy -2014‚ modern biotechnology is defined as “The application of Science & Technology to living organisms as well as parts‚ products and models thereof‚ to alter living or non-living materials for the production of knowledge‚ goods and services”. The field of biotechnology is revolutionizing the development of products‚ processes‚ and services
Premium Biotechnology Technology Innovation
101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
Premium Income statement Financial statements Balance sheet
assistance a primary target” (Barnes and Mercer 2010‚ p. 127). The independent living model has a strong reliance on personal assistance model that separates “the emotional from the physical activities” (Shakespeare 2006‚ p. 141). This creates certain limitations for certain people with impairment. While people with physical impairments “require basic tasks to be performed” (Shakespeare 2006‚ p. 141). People with intellectual impairments would have different care needs such “advocacy‚ advice‚ and emotional
Premium Ethics of care Ethics of care Disability rights movement
Introduction: Accounting is a very interesting field. Accountancy is the science of recording classifying and summarizing transactions so that relation with outsiders is exactly determined and result of operation during a particular period can be calculated and the financial position as the end of the period may be shown. There are many specialized branches of accounting. In our assignment we discuss only three specialized branches of accounting. They are cost accounting‚ managerial accounting and human
Premium Management accounting Cost accounting
Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
Premium Generally Accepted Accounting Principles Revenue Accounts receivable
What is a theory? In this book we consider various theories of financial accounting. Perhaps‚ there¬fore‚ we should start by considering what we mean by a ’theory’. There are various perspectives of what constitutes a theory. The Oxford English Dictionary provides various definitions‚ including: A scheme or system of ideas or statements held as an explanation or account (description) of a group of facts or phenomena. Explanation or Account (description) of a group
Premium Financial Accounting Standards Board Scientific method Accountancy