Accountants use generally accepted accounting principles (GAAP) to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession and the Securities and Exchange Commission (SEC). Two laws‚ the Securities Act of 1933 and the Securities Exchange Act of 1934‚ give the SEC authority to establish reporting and disclosure requirements. However‚ the SEC usually operates in an oversight capacity‚ allowing the FASB
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Generally Accepted Accounting Principles HCS/571 July 11‚ 2011 Generally Accepted Accounting Principles Generally Accepted Accounting Principles‚ or GAAP‚ is an accounting language of business used in health care facilities that have specific policies they must abide by when making choices for the direction of the institution. The Financial Accounting Standards Board‚ also known as FASB‚ developed these rules to guide them in recording and reporting financial information. Organizations use
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Accounting Assumptions‚ Principles‚ and Constraints The basic assumptions of accounting provide a foundation for recording the transactions and preparing the financial statements. There are two main assumptions of accounting: Monetary unit assumption and Economic entity assumption (Weygandt‚ J. J.‚ Kimmel‚ P. D.‚ & Kieso‚ D. E. (2008)). The monetary unit assumption requires a company to include accounting records that show transaction data. Next‚ is the Economic entity assumption. It requires
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extremely theoretical and courtly. Machiavelli‚ on the other hand‚ believed in whatever means necessary to achieve power‚ and the stability that came along with it. A strong state is a secure state‚ according to Machiavelli. So‚ Machiavelli encouraged deceit and violence in a ruler‚ but only to gain a stronger control and stability as a nation. A ruler uses many tricks to get his own way‚ not all of these tricks are completely honest ones. Machiavelli uses the examples of two animals
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Generally Accepted Auditing Principles Generally Accepted Auditing Principles There are many different types of audits including financial statements audit‚ the operational audit and the compliance audit. Either an internal auditor or an external auditor from another firm can conduct these various audits. “The American Accounting Association defines auditing as a systematic process of objectively obtaining and evaluating the accounts of financial records of a governmental‚ business‚
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Generally Accepted Accounting Principles Healthcare is continually evolving and has become a business and an economic force in current society. Historically‚ stakeholders such as physicians and other health care professionals are adept at making clinical and health-related decisions. However‚ they often lack the ability to make informed financial decisions. Many have come to realize financial criteria and cost-effective health care delivery is paramount to the success of modern healthcare systems
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Running Head: Foundational Accounting Principles and Terminology 1 TUI University Eric Bollar Module 1: Case Assignment ACC501 Accounting For Decision Making Dr. Wendy Achilles January 21‚ 2011 Foundational Accounting Principles and Terminology 2 We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manage
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Unlike the idealistic ancient philosophers such as Plato‚ who discusses politics in “the context of things above politics” (Machiavelli vii)‚ the modern philosophers‚ Niccolò Machiavelli and Thomas Hobbes‚ take a realistic approach in explaining political actions and outcomes. Considered to be among the first social scientists‚ they both try to delve deep into the nature of mankind and its relationship to politics. In the course of doing so‚ both authors seem to believe that virtue and morality‚
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President Machiavelli Bush George W. Bush‚ our current President‚ must keep a copy of Machiavelli’s most celebrated work‚ “The Prince “(1513)‚ on his desk in the Oval Office. In my opinion‚ Bush and his administration’s actions mimic Machiavelli’s advice to the Prince on the tactics that he should use to stay in power. I am going to discuss how President Bush uses Machiavellian principles. My first example is of Bush’s “War on Terror”. In 2001‚ the President stated that Saddam
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The Church accused Niccolo Machiavelli of being Satan for writing his book The Prince. Machiavelli completed The Prince in 1513. He wrote it as a gift to Lorenzo Medici‚ called the Magnificent‚ ruler of Florence. The political views Machiavelli expressed in his book went against the theology of the Church‚ specifically the Ten Commandments and the Beatitudes. Machiavelli wrote to gain control of a principality one must be brutal. "(I)f you are a prince in possession of a newly acquired state
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