PRINCIPLES OF ACCOUNTING(POA)/ACCOUNTING FOR MANAGERS(AFM) Basic Accounting Concepts & Terminologies ACCOUNTING- DEFINITION Accounting means the various technical activities performed by accountants‚ including financial accounting‚ bookkeeping and management accounting. Accounting is considered to be as old as money. However in 1494 Lucas Fra Pacoili‚ an Italian Merchant is universally regarded as the father of modern system of accounting or double entry system of accounting. Accounting has
Premium Generally Accepted Accounting Principles Balance sheet Inventory
CXC CSEC Principles of Accounts Exam Guide Section 1: Introduction to Principles of Accounts SPECIFIC OBJECTIVES The students should be able to: CONTENT 1. Explain the concept of accounting; concept of “Accounting” and “Principles of Accounting” 2. State the purpose of accounting; Accounting as a business practice – the purpose of Accounting. 3. Identify the users of accounting information; Internal and external users Accounting information and their needs 4. Outline
Premium Corporation Limited liability company Business
DRAFT Chapter 2. The Salomon principle Introduction In the previous chapter we considered how the modern company grew of out of the law on unincorporated associations‚ how it used ideas long identified with town corporations created by Royal Charter‚ how it evolved from the joint stock company‚ and how shareholders in companies were granted limited liability by statute. One key element of the modern company‚ however‚ remained outstanding: the principle of separate corporate personality which
Premium Corporation Legal entities Law
The Knowledge Is Power Program‚ also known as KIPP‚ is a “non-profit network of college-preparatory‚ public charter schools serving elementary‚ middle‚ and high school students” (KIPP‚ 2017). KIPP strives to bring opportunities and education to students in “underfunded and underserved communities in preparation for college and future careers” (KIPP‚ 2017). There are five core principles that KIPP follows and are commonly referred as the “five pillars”. High expectations‚ choice and commitment‚ more
Premium Management Knowledge Organization
Precautionary Principle The precautionary principle was arguably developed and originally implemented in Germany and Sweden‚ and it is these nations that remain the leading proponents of it. For example‚ it was one of these nations (Germany) that put the precautionary principle on the international stage‚ and today with regard to environmental regulation (in particular chemicals) it is Sweden that is pushing forward precautionary legislation in the European Union. There is a conflict between
Premium World Trade Organization International trade General Agreement on Tariffs and Trade
Principles of Distillation What is distillation? Simply‚ distillation is the process in which a liquid is vaporized (turned to steam)‚ recondensed (turned back into a liquid) and collected in a container. Nature uses a form of distillation to turn salt water (seawater) into fresh water (rain). Why do you use distillation to recycle waste solvents? Solvent-based waste contains volatile material (solvents) and non-volatile material (contaminants like paint‚ ink‚ grease‚ fiberglass‚ etc.). Many of the
Premium Distillation Evaporation Boiling point
Title: Describe how you would apply the principles of normalisation for people with Intellectual Disability Introduction: The Collins English Dictionary gives the definition of normalisation as a ‘policy of offering mentally or physically handicapped people patterns‚ conditions and experiences of everyday life as close as possible to those of non-handicapped people by not segregating them physically‚ socially and administratively from the rest of society’ http://www.collinsdictionary.com
Premium Disability Mental retardation Down syndrome
sturdy set of ethical standards it could result in good business and good moral judgement in employees while dealing with customers and colleagues. Ethics gives individuals moral rules and codes of conduct‚ and facilitates us with answers to questions about what are right or wrong‚ duty‚ obligation and moral responsibility (Shaw et al‚ 2009‚ p.30). This essay is about ethics and the use of ethical elements of business decision making‚ which involves the moral standards and principles and how it affects
Premium Ethics Morality
group’s model on the guidelines or principles that will guide you in making ethical decisions. Remember to indicate the sources that you used in compiling the model. One have to admit that ethics cannot be compared to feelings but nonetheless our feelings does guide or influence our ethical choices. Ethical guidelines for every individual in the group will differ from member to member and the group has decided to adhere to all three the following principles in order to assist in making unified
Premium Ethics Business ethics Philosophy
Principles of Measurement (International) For Works of Construction JUNE 1979 Published by RICS Business Services Limited‚ a wholly owned subsidiary of The Royal Institution of Chartered Surveyors‚ under the RICS Books imprint‚ Surveyor Court Westwood Business Park Coventry‚ CV4 8JE UK No responsibility for loss occasioned to any person acting or refraining from action as a result of any material included in this publication can be accepted by the authors‚ publisher or The Royal Institution
Premium Measurement Units of measurement Dimensional analysis