communicating economic events that affect a company (Weygandt‚ 2008). Because various factors can influence an organization ’s financial situation‚ the role of accounting is vital in which these three activities are conducted. FOUR BASIC FINANCIAL STATEMENTS The four basic financial statements are: income statement‚ retained earnings statement‚ balance sheet‚ and statement of cash flows. Companies typically produce different forms based upon the information needs
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Basic Financial Statements Accountants‚ business owners‚ investors‚ creditors and employees use four basic financial statements of an organization to determine the financial well-being and future earnings potential of that organization. Financial statements are a key tool in seeing and understanding the past‚ present and future condition of an organization. What are these financial statements and what do they mean to the reader? Do the financial statements mean something completely different to
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element In generally used computers one can find that there are four basic computer elements following are the elements. (1) ALU (Arithmetic Logic Unit): The ALU is the digital circuit that is able to perform different types of functions‚ such as Addition‚ Subtraction‚ and Multiplication etc. (2) Control Unit: The control unit is the part of CPU (central processing unit) or other devices that performs the duty to direct its operations‚ the control unit is just like a finite state machine
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functioning situation or resuming order utilizing methods‚ that resemble phases of a crisis intervention plan. The crisis intervention plan consists of screening‚ assessment‚ analysis/ planning‚ implementation‚
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The Four Basic Financial Statements In the field of accounting‚ the basis of all decisions comes from the calculating and reporting of financial statements. Without these statements‚ a company may lack in organization skills which could lead to huge errors being made. These huge errors could cost a company millions of dollars. Knowing that‚ it is important to make sure that these reports are done accurately and in a timely fashion so that mistakes do not become catastrophes. Income Statement
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(http://www.dictionary.com) In kitchen chemistry today‚ there are many types of food molecules such as minerals‚ vitamins‚ fiber‚ and water. But there are four molecules that people refer to as food‚ also known as the four basic food molecules‚ which can be used to produce energy which are carbohydrates‚ lipids‚ proteins‚ and alcohol which is not considered a basic nutritional component of food. Protein is a compound that’s made up of amino acids that are joined by peptide bonds. It is considered the most
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The Four Basic Styles of Communication Passive Aggressive Passive-Aggressive Assertive 1. PASSIVE COMMUNICATION is a style in which individuals have developed a pattern of avoiding expressing their opinions or feelings‚ protecting their rights‚ and identifying and meeting their needs. Passive communication is usually born of low self-esteem. These individuals believe: “I’m not worth taking care of.” As a result‚ passive individuals do not respond overtly to hurtful or anger-inducing
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THE BASIC CASH MANAGEMENT PROCESS Every company can be viewed as a cash pool into which funds flow from various sources. Several techniques are used to speed the collection of such funds. Conversely‚ cash flows out of the pool for payables and other disbursement reasons. An important aspect of cash management is to control tightly both cash inflows and outflows. When cash inflows exceed cash outflows‚ surplus cash builds up. This surplus can be used to repay debts or for investment in marketable
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from its planning phase to its execution phase. Linda Ackerman Anderson and Dean Anderson have formulated the nine-phase change model that when implemented properly is a powerful tool in helping organizations better tailor their change strategic plans to be in line with the organization’s influential areas of change; change needs‚ employees’ needs‚ and the desired outcome. The Nine-phase Change Process Model The Andersons’ model of change is called the nine-phase change process model‚ this change
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Identify the phases of relationship deterioration and the communication patterns that accompany each stage of the relationship process. Relate this information to a personal experience of breaking up a friendship or a romance. Interpersonal relationships are associations between two or more people that may range from non-enduring to enduring. There are six stages which identify the interpersonal relationships (Contact‚ Involvement‚ Intimacy‚ Deterioration‚ Repair‚ and Dissolution). The stage called
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