Generally Accepted Accounting Principles

shares (shareholders’) enjoy limited liability, they are not personally liable for the debts of the corporate entity. Also, because ownership can be transferred without dissolving the corporation, the corporation enjoys an unlimited life. The basic accounting equation is Assets = Liabilities + Equity. (a) Assets are resources owned by a business. Liabilities are claims against assets. Put more simply, liabilities are existing debts and obligations. Equity is the ownership claim on total assets.…

Why? Many Businesses see tattoos as an ‘unprofessional appearance, and usually have a policy against them. Tattoos are a self representation through art. It is a self expression, and it is something personal. Why should a business get in the way of my personal life choices? I have decided to interview my mother, my boyfriend, and my manager; all who have worked in professional environment, to see what their point of view is on tattoos in the work place. I first interviewed my mother, who has…

Word count: 640 The Weeping Willow Tree My tree was down the hill from my grandparent’s house in North Carolina. The tree I called mine was a gigantic weeping willow. It was my place to where I could be alone, where reality could be left behind, and where I could daydream. This massive weeping willow tree was my private place where I could be all alone. It seemed to stretch up to the sky, letting the light come through in shafts through a canopy of green leaves, and long skinny branches…

The customer can earn more points by spending at the participating establishments, but all the points are worth the same. Like many competitors, points can be redeemed for gift certificates to restaurants, theaters, and many other establishments. The amount points earned is clear because it is displayed on the credit card statement monthly, and can be looked up on an on-line account. What the points can be redeemed for is not entirely clear. American Express gives examples of items that can…

expenses, unearned revenues, accrued revenues and accrued expenses. The adjusting entries, in my experience are always prepared and recorded by a bookkeeper or higher. In some cases, a department head will submit information to be recorded, but the accounting department always makes the adjustments. The next step is the adjusted trial balance. The concept of the adjusted trial balance is the same as the unadjusted trial balance; the difference is that all of the events for the period have been…

The use of services through a company such as Verizon would be necessary. Verizon provides high speed internet as well as telephone services to companies like Kmart to allow them to access outside of the walls of the business. Therefore, Kmart enters into a binding contract with Verizon, for a pre-determined amount of time and a pre-determined amount of money allowing Kmart to use the services Verizon provides. Now that Kmart has the means to reach the outside world, they must purchase…

My strengths in the project were as follow: I was able to research my part of the project efficiently and I found some very useful information, I compiled and refined the paper. My weakness in this team assignment was my impatient with the team’s leader continuous duplicate posting of the same information, but I the end of the day, I had to remind myself that it was her managing style and to bring the project to fruition, I had to overcome my impatience. I believe that I have done this…

In 2004, Japan still maintains its rank as No.1 of Human Development Index in the world for life expectancy at birth . Japanese government should find a way to increase the growth of population, otherwise the ageing population will cause decrease in productivity. This is because ageing people tend to be less productive and consumptive compare to productive age (between sixteen to fifty five years old). To encourage the population growth, the government should give awards for every citizen who…

The therapist needs to engage the client with their subconscious mind in the most effective way possible, in order that the client may gain an awareness of, and be able to access, their own potential. This highlights the essential view of the therapist as a skilled helper, enabling the client, rather than an all-knowing and all-powerful practitioner. As *Sandor Ferenczi so eloquently stated in 1916: …' the unconscious mental forces of the patient appear as the real active agent, whereas the…

However, their marketing on innovation and design of the iPad also catches the attention of new potential consumers. To many the technology was not totally new, but the concept was and Apple focussed on that. Previous products from Apple put their brand in the limelight and made any new product launch a much anticipated one. amount of reputation,…