Commercial Accounting Essay

Commercial accounting is an accurate account of business transactions, it can only be acquired if both cash and credit transactions are performed, recorded, and recognized in such a way that there can be no duplication and the transactions are recorded under commercial accounting. The system known as double entry book keeping or the commercial accounting system that records both aspects of transactions, also it records credit transactions in cash accounting the day of the receipt. The single entry in accounting for example: there is a sale, where the transaction is complete after the exchange of cash for goods. In commercial accounting the date in which the transaction was made needs to be recorded regardless to whether it was paid or it wasn’t. Generally Accepted Accounting Principles better known as (GAAP) is the collection of standards and practices that are required to be used by business’s to record and present the results of their financial activities and their re cords of what they owe, established by the Financial Accounting Standards Board (FASB). These accounting principles are standardized and used for the many private and publicly traded companies in America today. Every economic event within business must be associated with and recorded by a specific entity and business records must not include the personal assets or liabilities of the owner. If an idea holds no impact on a decision maker, investors, or creditors, then the relating (GAAP) principles do not have to be followed. (GAAP) requires the use of accrual basis accounting rather than cash basis accounting, this is imposed on businesses so that investors have a minimum level of consistency in the financial statements they use when analyzing businesses for investment purposes. The accrual basis of accounting over the cash basis of accounting in commercial accounting and generally accepted accounting principles (GAAP) is different depending on whether you run a large scale business or a small business. Cash basis is used mostly by small businesses where owners and creditors want a simple way to understand the financial statements and to understand whether there is a profit or loss in the business. Accrual basis is used by large businesses and when revenue is earned expenses are accrued. Cash basis gives you a clear picture of your cash flow, but does not give you a good idea of business in the long term because you are not recording income when it is actually earned. Accrual basis accounting accurately matches your income and expenses and if not managed carefully you could lose track of your actual cash flow, with accrual basis transaction statements they are recorded in which the events occur. You don’t have to wait until you see the money, or actually pay money out of your checking account, to record a transaction. References (Investopedia.com) (Wiley PLUS)

Information and communication Essay Example | Topics and Well Written Essays - 750 words

Information and communication - Essay Example Within the last decade or so, the students are fast adapting to the different means and ways coming directly under the plagiarism circles. [Author Unknown, 2005] The people who are caught plagiarizing often give pretty stupid excuses but it is a reality that they do out of sheer timidity on their part. They are just not ready to surrender and commit themselves wholeheartedly towards a task, job or doing it in the most original manner that there could be. [Amodeo, 2005] Plagiarism has also increased due to the technological advancements happening almost on a daily basis. There are shortcuts available for plagiarizing text material from the Internet and almost anyone ca use these technological gadgets to suit their own motives. Students particularly use the Internet to copy-paste the material off the websites which have similar evidence of texts as well as take help from students who have already completed such assignments in the past. [Jonassen, 2004] This is a sheer form of plagiarism in the truest sense of the word and there is no exception to this rule all said and done. Another reason as to why people commit plagiarism is that they find it pretty easy to do and they believe they could run freely as no one is going to catch them and their work. Internet has become one of the major hurdles towards doing work in an original and authentic manner. A number of students worldwide resort to the sin of plagiarism courtesy the Internet and this has been going on for the last decade or so in the most blatant manner possible. Plagiarism proves to be a destructive force as far as their education and academics are concerned but somehow or the other they are just not ready to accept this notion. They believe that if work could be done quickly and without hassles, then what is the need of researching and going in depth? One more reason that could be credited on the shoulders of plagiarism is

Analysis of Health Currently Affecting the Australian Population Essay

Analysis of Health Currently Affecting the Australian Population - Essay Example First, cardiovascular diseases are heart conditions which commonly affect the heart and blood vessels surrounding it. It includes coronary heart disease, rheumatic heart disease, and an ischemic heart (WHO, 2011). It includes various conditions of the heart and blood vessels; the common issue in relation to heart disease being atherosclerosis where plaque builds up in the walls of the arteries reducing blood supply to the heart, causing heart attacks, and sometimes to the brain, eventually leading to stroke (National Heart and Medical Research Council, 2011). This paper shall provide an analysis of the health issue, then discuss and analyse the health issue in relation to the population/community it usually affects, the scope of the health issue as well as its implications for the affected population/community, the social determinants of health which affect the health problem. It shall also provide an analysis and evaluation of relevant current primary health care services and initia tives which are in place to address this issue, including its strengths and limitations. Finally, a proposal on additional services needed to address this issue shall also be established. ... Their higher risk for the disease is mostly attributed to the fact that a large number of them are overweight, smokers and who are physically dormant. Those in the lower socioeconomic groups are also liable to suffer this disease more than the general Australian population. The death rates for the disease in this group was registered those as high compared to those in the higher social sets (Australian Bureau of Statistics, 2006). Studies also revealed that those in the lower social sets were likely to be involved in smoking; many of them had hypertension and were overweight. In relation to age and sex, those in the older population are likely to be afflicted by cardiovascular diseases, owing to the wear and tear of the ageing process as well as the likelihood that they would also be afflicted with other diseases like obesity or diabetes (Department of Health and Ageing, 2007). Women were also registered with high rates of cardiovascular disorders. However, it was notable that males were more likely to die from this disease as they were tobacco smokers who were obese, hypertensive, and engaged in limited exercise. Those who are overweight and obese have the highest risk of being afflicted with a cardiovascular disease (Cameron, et.al., 2003). Obesity has increased in Australia in recent years, and this trend has been more or less similar in other countries as well. Adults, 25 years and over present a 67% obesity rate in Australia, and 52% of women are considered overweight or obese (National Public Health Partnership, 2003). Among children, 20% are considered obese, and these who grow up to be obese were overweight adults when their eating and exercise habits were not corrected early during

Will Global Warming Heat up Or Cool Down the Economy Essay

Will Global Warming Heat up Or Cool Down the Economy - Essay Example These changes in precipitation in turn increase the frequency and intensity of extreme weather events like floods, droughts, heat waves, hurricanes and tornados. The effects of these severe weather disturbances range from lower agricultural yields, glacial retreat, less summer stream flows, extinction of species and increase in the number of disease vectors (Wikipedia). The scientific community is now nearly unanimous in heaping the blame for global warming on human activities, with only a small minority of the scientists absolves man for the phenomenon. But the persistent debate centers somewhere else, such as on how much worse climate change will occur in the future, and what needs to be done to reverse or at least reduce it. The relationship between global warming and hurricanes is another subject that is hotly debated. If the world's climatic scientists agree on one thing, it is on the superlative force of Hurricane Katrina, which swept across the Americas and Europe in 2004. The consensus is that no natural calamity in memory matched the scope and magnitude of the damage it wrought on lives, property and the economy. But the suspected link between weather events like Katrina and global warming is yet to be proven. Research by a group of German scientists argues that the devastating floods in central Europe in 2002, for example, were perfectly normal events based on historical record (Murray, I., 2006). Other hurricane scientists agree that there is no way to blame global warming for Hurricane Katrina. Allegations that extreme weather events had become more damaging lately do not take into account the fact that human beings now live and invest resources in more dangerous areas, such as mountainside and seacoasts. The increase in the recorded number of these weather disturbances may be due to better observation and reporting methods. Thus, when the Inter-government Panel on Climate Change (IPCC) claimed that global warming exacerbated the 2004 hurricane season that produced Katrina, a top IPCC expert resigned in January 2005 in complete disagreement. Philip Klotzbach of the Colorado State University says that based on his own studies, most increases in Category 4-5 hurricanes between the period 1986-95 and 1996-2005 are due to improved observation technology. This indicates that other factors dictate the intensity and frequency of tropical cyclones. There is as yet no scientific consensus that global warming will cause damaging climate change, notwithstanding claims by UNEP, IPICC and the US National Academy of Sciences that there is such a growing agreement. But the scientists do agree that the global average temperature is rising. What the scientists don't know yet are: 1) whether past temperature changes should be attributed to carbon dioxide levels; 2) predicting future temperature levels confidently and accurately; and 3) what temperature change levels would be damaging to life on earth. The NAS itself says that the 20 years' worth of knowledge and data on this discipline is not long and sufficient enough to estimate long-term trends.

Minsheng bank Essay Example | Topics and Well Written Essays - 500 words

Minsheng bank - Essay Example The regulation of various industries by the government is intended to influence the manner in which an economy is run. The banking industry in China is highly regulated by the Chinese government, but this does not rule out the coexistence of both public and private sectors in the Chinese economy. Minsheng bank operates alongside state-owned banks which constitute the basis in which Minsheng and other private commercial banks are regulated in China. The effects of government regulation impact differently on different enterprises, companies, or organizations. Government regulation has its benefits and shortcomings. On the positive side, the imposition of regulations by the government does not only protect consumer interests, but also the interests of all players and stakeholders in the industry. The consumer is safeguarded from exploitation by the operating enterprises. On the other hand, government regulation creates cohesion in the industry, making it possible for the markets involved to exhibit fair competition. Such moves treat all players in the industry equally, thereby enhancing economic growth and development in regard to the contribution of all operational firms in the industry. On the other hand, government regulation curtails the full potential of an enterprise. It limits the expansion capacity of a company, in the event that the company’s expansion strategies are not consistent with the government’s provisions at that time. Government regulation also interferes with market autonomy and free market activities, thus limiting the liberalization factor in the global arena. In this respect, the public sector appears to be relatively favored by the government due to the priorities it is accorded within the regulation process. In the light of government regulation, another significant business strategy emerges in the global banking industry; acquisition. The substantial regulation of Chinese markets and

Trace the events surrounding the Birth of Texas Essay

Trace the events surrounding the Birth of Texas - Essay Example The Mexican War was a large event that lasted from 1846 – 1848. This war was initiated over borders. This war helped determine Texan borders and allowed for Texas to house its current shape and size. Before the Mexican War Texas was Spanish owned and slow to develop. After settlers took over Texas, Texas flourished with natural resources. Since Texas was once owned by the Spanish it is home to many Spanish Americans. When Texas was Spanish owned it quickly became over populated with American settlers. American settlers saw the potential that Texas housed and were eager to develop. This over population of Americans, land disputes and promising future fueled Americans to fight and take over this land from the Spanish. After just a few short years of battle, Texas became known as the Independent Republic of Texas. The independent Republic of Texas lasted for ten years. During these ten years many smaller events took place and are now know as Texan history. This republic lasted from 1836 to 1846. The Texas Revolution is largely responsible for the states independence. The first flag of Texas was the Burnet Flag and was eventually replaced by the current and well known lone star flag. There were many different presidents during this time and a formal congress. After holding its own republic for ten years Texas eventually became known as the 28th state of America. This annexation into the United States took place in 1845. This was a success as the first annexation in 1837 was unsuccessful due to the thought of war. Oil, oil and more oil was largely popular in the early 1900’s. The discovery of the much oil housed by Texas allowed Texas to eventually become a very wealthy state. In 1901, oil was discovered which led to the discovery of much more oil which covered basically the whole entire state of Texas. Texas and its discovery of oil allowed for Texas to grow and become powerful. The use of oil was so powerful in Texas that the state

Biomes and Diversity Essay Example for Free

Biomes and Diversity Essay Extinction is a natural selection process. Should humans strive to preserve a representative sample of all biomes or aquatic zones? Why should humans be concerned with the extinction rate? In my own opinion No but as u read more about it some things need to be preserved. For instance animals help the crops of the foods that we eat. Snakes help to cure different diseases. Humans help the plants and animals to grow. The fact that human beings are a species means that they depend on many other species that exist in the world. If an animal becomes extinct, this can have a knock on effect to other species, and humans would inevitably be affected by the species becoming extinct. Humans also have a built in instinct to survive, as do other species of animals. It is not surprising, therefore, that humans feel the need to try and extend the life span of some species, as they would probably feel that if it came to it, that something would try and prolong the existence of humans. Humans should be concerned with the extinction rate, because the human population is growing and we need all the air, land, and animals to survive. There are humans that don’t quite understand that we have to preserve our land because we will be extinct sooner than later due to our big population.