Financial Statements Paper

Financial Statements Paper Financial Statements Paper December 11, 2012 Acc/280 Professor Kenneth Popp Accounting is a technique where a person/people create(s) reports of business dealings and records the fiscal infrastructure of the company. Three key activities of accounting are determining, communication and documenting. The main goal of these activities are to determine and properly document the activity which has had a fiscal effect (if any) on the organization and to assist in control, recognize danger, and make decisions. All activities are put into categories in fiscal words, as per their financial assumption, and placed in specific accounts in journals, and ledgers. This is the procedure of bookkeeping, which then allows the data created from bookkeeping to be utilized to produce correct and timely financial statements for the organization. Two key divisions of accounting incorporate managerial accounting as well as financial accounting. Managerial accounting assists people in dealing with their finances. It allows inner records to assist people in making decisions and then helping to predict the wants regarding their organization. Financial accounting helps outside people because it gives economic/financial details to them on whether or not their organization complies with laws, rules, and regulations. To know an organization, a person must first be able to understand figures. There are four fiscal reports that an organization produces: Income Statements, Retained Earnings Statements, Balance Sheets, and Statements of Cash Flow. Each one of the reports plays their individual part in being able to display what is going on inside the fiscal infrastructure of the company. An income statement- displays company revenues, expenditures, and net income or net loss of the company through a specific time period. Retained earnings statements- summarize any alterations in built up net income that has been reused for reinvestment in an organization. A balance sheet- states any possessions, debts, and stockholders’ equity of a firm by a specific date. A report of cash flows- summarizes the information regarding money arriving in (bills) and going out their door in (payments) throughout a particular period of time (Weygandt, 2008). Fiscal reports are a comprehensive approach to convey fiscal information to both internal and external people. Inner consumers, for example: a marketing manager, administrator, CEO, or CFOs, utilize information to reply to significant queries, for example â€Å"can we afford to give raises, or should we revisit selling a product or another (Weygandt, 2008, p. 6)?† Outer people, for example: a shareholders or lenders, utilize details to make decisions and assess any dangers of approving credit or financing funds (Weygandt, 2008, p. 6). They reply to such queries like- will the organization be capable to pay back any debt loaned to them? Financial reports have been created to satisfy requirements, and the details given in fiscal reports are stated in units of money as per the fiscal assumption, one of 2 key assumptions. The details that are given on the reports are usually

buy custom The Impact of Technology on Education essay

buy custom The Impact of Technology on Education essay Teachers should be particularly careful when using technology in teaching. Nowadays students use computers frequently than in the past. The National School Boards association found out that students exposed to technology perform better in standardized tests than those students not subjected to technology. Teachers and educators ought to be aware of the potential negative impact of technology on learning. Inappropriate use of technology leads to poor effects of technology. Some disadvantages of technology on learning include increased plagiarism and cheating, lack of vocabularies while speaking, time wasting, overuse of technology, and lack of seriousness among the students (Reed, 2010). Discussion Most students take advantage of the internet to cheat while doing the exams. Plagiarism is yet another problem, where students copy information from the web. This means that students have become lazy to do their own work. All they have to do is to go to the internet, copy the information they need, and finally paste it down. At times, it proves difficult for teachers to trace the source of such information on the web; hence, they do not discover plagiarism. Some other students use the mobile phones during exam time to browse the correct answers and get helpful material from their friends. A study conducted by the University of Washington revealed that DVDs, meant to educate babies, have slipped infant vocabulary. The study found out that babies, who watch DVDs, do not develop their vocabulary unlike babies who did not watch the educational videos and games. To teach the new generation in classrooms; teachers make use of educational games and videos. This is to help the babies to develop their growing minds and increase their level of knowledge, as well as awareness (Petrina, 2007). Neurological changes serve as another disadvantage of technology on learning. In todays world where the computers can be found everywhere, reading and writing take a back seat because students find it easy to click and scroll using the computer mouse. People no longer make their own decisions as they mke little sense to them. Temple University conducted a survey, in the year 2007, and the findings revealed that more than 80% of families in Philadelphia did not read or buy a book. Doctors link certain illnesses to exposure to a lot of information. Some teachers lack experience when it comes to the use of computers. Now that every minute counts, some teachers end up wasting valuable time because of technical problems with the computers. Computers experience problems from time to time. These problems could be malfunctioning of some computer parts or even problems with the software. Teachers also face a problem because they teach students with different computer literacy skills. Some students have no or little exposure to computers, and this proves it hard to teach such a class. Time, therefore, becomes wasted because the teachers will need to cater for each childs needs (Montague, 2004). Another problem faced by the teachers is the mentality that the students have that computers should be used for playing games. Since most students use computers in their homes primarily for playing games, they, therefore, associate them with technology and games. Failure to address this issue properly can affect the learning process. Some students get distracted and bored fast since they will not be using the computer as they have previously used it. However, some teachers can use this as an advantage to them. They can explore it by utilizing it and making learning more enjoyable. Overuse of technology, especially computers, can interfere with the learning process. This is because a good number of students learn best when they mentally and physically interact with the subject of study. Therefore, excessive use of the internet will not care for such students needs. Learning, using computers, does not allow enough time for analysis, reflection or imagination. These vital skills become ignored when teaching using computers, video games or television. These skills are getting lost with time, yet they used to be there before the introduction of technological learning. Several studies show that imagination develops through reading. Reflection, induction and critical thinnking are also essential skills developed through reading different materials. Visual media deny students those skills, as well as print skills (Gev, 2002). Overcoming negative effects of technology in education Teachers should ensure that students do their original work and that there is no cheating or plagiarism. Strict measures, such as examination cancellation, ought to be taken on students who engage in cheating and plagiarism. Teachers should also be advised to use programs that detect plagiarism to ensure that their students do original research while doing their assignments and research (Pierson, 2003). Students should be taught using alternative methods, especially the young children. Visual media in teaching should be avoided at all costs. Teachers should encourage students to read books and other reading materials, so that they improve on their imaginative, analysis, induction and thinking skills. Reading would help learners to improve on their writing skills. Students ought to be encouraged to read for pleasure. Teachers and parents need to instill a reading culture to the children. They should also read for the young children to set an excellent example for them. Students should also be encouraged to use the computer when necessary to avoid certain illness, associated with the use of computers in learning. Technology should be an alternative method of teaching and not the sole method of teaching. Linguistic knowledge comes through interacting with people who use the desired language. Rather than spending time watching DVDs and videos, children can be exposed to people who speak so that they learn from them. Students, who use technology frequently, do not stick to the task. They aim at jumping to the next step even without understanding the concept. Parents should teach their students that computers are not merely used to lay games. They ought to teach them some other uses of computers, such as learning. Again, if computers are to be used in teaching, all areas, rural area inclusive should be supplied with computers and internet so that all students receive the same education (Ferranti, 2003). 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Presidents Day Essay Example | Topics and Well Written Essays - 750 words

Presidents Day - Essay Example However from January 1, 1971 onwards instead of February 22, Presidents day started to celebrate on every third Monday of February. Since then Presidents day never happened in Washington’s actual birth day (February 22) as third Monday of February occurs in between February 15 and 21. In this year or 2011, Presidents day was on February 21. Thus, at present presidents day lost its significance as the actual birth day of America’s first president since it is celebrated based on the day rather than the date. Today, people celebrate Presidents day to mark their respect towards the entire Presidents of America, but most significantly George Washington and Abraham Lincoln. â€Å"The official US holiday is meant to honor only George Washington, but many people consider President's Day a day to honor both George Washington (born on Feb. 22, 1732) and Abraham Lincoln (born on Feb. 12, 1809)† (Activities, Worksheets and Crafts for Presidents Day).The story behind fixing t he presidents day as the third Monday on February is interesting. According to the Gregorian or "New Style" calendar that is most commonly used today, George Washington was born on February 22, 1732. But according to the Julian or "Old Style" calendar that was used in England until 1752, his birth date was February 11th. Back in the 1790s, Americans were split - some celebrated his birthday on February 11th and some on February 22nd.When Abraham Lincoln became president and helped reshape our country, it was believed he, too, should have a special day of recognition. Tricky thing was that Lincoln’s birthday fell on February 12th. Prior to 1968, having two presidential birthdays so close together didn't seem to bother anyone. February 22nd was observed as a federal public holiday to honor the birthday of George Washington and February 12th was observed as a public holiday to honor Abraham Lincoln’s birthday (Himiac). The confusion over the significance of Presidents day is still prevailing in America. Some people celebrate it for honoring first president George Washington whereas some others use it to honor Abraham Lincoln. In order to avoid confusion or controversy some people celebrate the entire week for Presidents day celebration. Some of the America schools and colleges conducting regular classes currently even on Presidents day. At the same time, many other schools in America often been closed for the entire week. In other words, Presidents day is celebrated or observed differently by the academic community. Even though Congress had made federal legislation for celebrating Presidents day, still individual states are keeping their preferences while observing Presidents day. States like California, Idaho, Tennessee and Texas started to use the term "President's Day rather than Presidents’ Day. The confusion about the Presidents day helped the business community to exploit it. Business people interpreted presidents day differently with t he help of different advertising campaigns and currently people’s perception about president day has been changed a lot. Instead of honoring the Presidents, current people use this occasion for shopping and enjoying. Presidents day is currently celebrated more by the business community. They use this occasion to boost their sales just like other significant occasions like Memorial Day, Christmas Day, Veterans Day, Columbus Day etc. Earlier most of the American shops were remain closed

Democracies Essay Example | Topics and Well Written Essays - 1250 words

Democracies - Essay Example However, different inaugurals, studies, and declarations such as; The Four Freedoms which were presented by Franklin D. Roosevelt for the strengthening of democracy; the UDHR; President Obama’s Second Inaugural; etc. This paper critically analyzes these articles and declarations on the topic which are in significant relevance with each other; UDHR and Four Freedoms and Kaplan’s Article and Obama’s Second Inaugural. Moreover, it will also highlight the impacts on each other. Likewise, other responsible democracies of the world, United States also have great respect and serious interest towards democracy and human rights. These components have long been the core focus of the U.S. Foreign Policy. The increased emphasis on democracy by its leaders, government, and other concerned authorities is because of the fact that it allows them to advance their national interests on global levels. Moreover, the freedom for religion and the workers and labor rights as essential American ideologies are also well promoted through it. It is believed by the U.S. Government and people of U.S. that, democratic nations have more contribution towards global peace; it helps in diminishing aggression; allows expanding open markets, and ensures and safeguard the basic rights of Americans (Patterson). It is due to these reasons that many U.S. Presidents have addressed the topic of democracy and has shown its importance in their speeches at different occasions. Similarly, different institutions and the UN have also highlighted its significance. The UDHR in 1948 was also presented to show the vitality of the human rights. It was due to this declaration that the organized community of nations declared the human rights and the relevant essential freedoms for the first time (United Nations). However, the declaration was presented for democracies all over the world and was conceived as ‘a common standard of achievement for all people and nations’ (United Nation s). It was formulated to measure and identify the level and degree of respect for an agreement with the international human rights principles. Varying from economic, social, cultural, to political rights, to which all individuals are authorized without any differentiation, the UDHR consists of 30 articles (United Nations). Declaring all humans as equal individuals since their birth (Article 1), the UDHR is a complete set of rules. The economic, cultural and social rights to humans are mentioned in Articles 22-27. All individuals are declared as equal members of the society (Article 22). The declaration’s mandate limits everyone and every state and government to provide all humans the same rights without any discrimination (Article 2). The declaration in its 4th Article also highlights the curse of slavery telling that no one should be held in slavery or servitude (United Nations). The right to justice is also declared to all individuals and that all of them can make use of th e right before the law as a person everywhere. Right to privacy (Article 12) and the freedom of thought, conscience and religion is also declared to all in Article 18. Article 19 deals with the freedom of expression and speech. The declaration also deals with religion giving every human equal right for it (Article 26). The United Nation’s, UDHR worked as a chief declaration for the human rights and many democratic states including U.S. followed it with its full implementation. However, the

Comic tension Essay Example for Free

Comic tension Essay ‘Taming of the Shrew’ is the only known play written by Shakespeare to have an Induction. This Induction was written by Shakespeare to introduce the idea of a play within a play to the audience.  The Induction to the play is quite a complex structure; at the start of the induction the audience is introduced to a drunken tinker named Christopher Sly, caught in a fight with the Hostess of what is presumed to be a tavern or alehouse. There is an immediate sense of comedy to the opening of the Induction as the audience is shown Sly cussing the Hostess with foul language, â€Å"I’ll pheeze you, in faith†. In return the Hostess threatens to put Sly in a ‘pair of stocks’. This is an example of Shakespeare trying to create comic tension as this drama is clearly commenting on the sexist inequality between both genders during this time. Sly perceives himself as quite noble, stating to the Hostess that he â€Å"came in with Richard Conquer†. Being drunk this would probably be discredited as he is clearly trying to exert power over the hostess as she is a woman. Shakespeare has created this argument involving Sly to capture the attention of the audience, the language used by Sly and the Hostess, the swearing and the anger, this causes a lot of tension between the characters and additionally, this scene was created by Shakespeare to present Sly as a fool to the audience.  However, when the Lord is introduced, the audience is given an image of what seems like a descendants of royalty, the way the lord orders the huntsman to â€Å"tender well my hounds†, it gives the audience the true impression of someone who holds great power over others as he is of a higher class. When the Lord finds Sly in the street, he describes him as a â€Å"monstrous beast, how like a swine he lies†, this reference insinuates that Sly should be depicted as a lowly creature, of whom the upper classes should be disgusted of his type, that men like Sly are feeble and not worthy of anyone’s time. This parallels with Katherine in Act 1of taming of the shrew where the audience sees that Katherine has no tolerance over men as she sees them all feeble and not worthy of her presence and time. The lord’s idea to trick the tinker into believing that he is really a lord is an idea that is reflected in the taming of the shrew where Petruchio plays a trick on Kate, the purpose of this is to add to the comedy of the original play by making obvious parallels between the induction and the taming of the shrew.  The lord speaks of all the deeds that must be carried out before Sly awakes from his sleep, giving commands as to what his servants shall say to him when he awakes, â€Å"tell him of his hounds and horse, and that his lady mourns at his disease†. The extent of the planning of which the lord is going makes it easy to predict what is going to happen in the play ahead of the characters themselves. Also the element of disguise creates tension between the characters as when Sly is presented with his ‘wife’, he genuinely believes everything despite previously suspecting that he was being fooled. However, the Lord has instructed that his pageboy act as and dress as a woman to fool Sly into believing the trick is real. This then makes the trick more elaborate, thus showing how Shakespeare is managing to create comic tension on Sly, the audience can see that Sly is clearly being fooled by the lord, however the character Sly himself has no awareness of what is happening. Shakespeare’s plays were well known for their drama and the comic tension he managed to create between them, the comic tension displayed in this play, plays a big role in how the comedy is perceived by the audience.

The Efficacy of Lithium in Treating Bipolar Disorder Essay -- Treatmen

The Efficacy of Lithium in Treating Bipolar Disorder Lithium is a psychotropic drug that became available in 1970 as a mood stabilizing medication for the long-term treatment of bipolar disorder. It has been shown to reduce the frequency and severity of manic states, as well as the depression that is concomitant with bipolar disorder. Much research has been done in the short duration of lithium's employment to evaluate its efficacy and side effects. As stated above, "Lithium stabilizes the mood of a bipolar patient, preventing a relapse into either mania or depression" (Kalat, 2004, p.472). Bipolar disorder (also known as manic- depressive illness), is characterized by the presence of the following symptoms: motor hyperactivity, flight of ideas, elation, a diminished need for sleep, grandiosity, poor judgment, aggressiveness, and possible hostility (FDA, 2005, 4). Manic-depressives are recognized by their constant mood swings, wherein they may be overly euphoric, subsequently becoming rapidly irritable, sad, or hopeless. A person is experiencing a depressive episode if five or more of the following symptoms are experienced for most of the day, every day, for at least two weeks: difficulty concentrating, loss of interest in sex or formerly enjoyed activities, a lasting empty mood, decreased energy, difficulty making decisions, chronic pain that is not caused by physical injury, and recurring thoughts of death or suicide (MedicineNet, 2005, 3). A manic episode is diagnosed if a person displays three or more the following symptoms for most of the day, every day, for one week or more: increased energy and restlessness, extreme irritability, distractibility, unrealistic beliefs i... ... Increased Lethargy Somnolence Weakness Confusion, drowsiness Gross confusion Unsteady balance Gross ataxia Profound loss of balance Nausea Vomiting Urinary incontinence Decreased Slurred speech Random muscle twitching concentration Worsening hand Muscle twitching Coma tremor Diarrhea Note. From Cognitive-Behavioral Therapy for Bipolar Disorder (p.48), by Monica Ramirez Basco and A. John Rush, 1996, New York, NY: The Guilford Press. Conclusion At this point in time, it is not known exactly how lithium alleviates the symptomatology of bipolar disorder, only that it is highly effective and will be continue to be one of the primary treatments in alleviating bipolar disorder until new remedies are discovered.

SPSS Computer Project

Blue Marketing research is conducting an experiment with the patients of the Midwest University Medical Hospital. The goal of this experiment is to find out if the residents of Midwest University Medical Hospital are happy with their service, and to judge whether or not the current state of customer service is affecting the amount of residents that reside at the hospital. The experiment will consist of a survey questionnaire administered to a random assortment of patients within the hospital. The patients will be questioned about the overall quality of the hospital, the intention to return and see the same doctor, the intention to recommend friends and family, the intention to compliment management, the intention to complain about service, the intention to seek other health care services, and the intention to not use any provider. The respondents were asked to rate the likelihood of each future behavior based on a 1-7 scale, 1 being â€Å"would not†, 7 being â€Å"definitely would†. A summary of the data collected is show below.Windows 7 Check Your Understanding From this summary of data we are able to make recommendations for the hospital to improve quality and service. Summary of Findings Overall quality is rated as poor. Most people intend to return to the same doctor. Most people intend to recommend this hospital to family and friends and few will complain to them. Many people intend to complain to management, but few to hospital management. Very few intend to complain to local medical society. Very few intend to seek similar care elsewhere. Few intend not to use any provider. About half discussed their visit, afterwards. Most aspects of perceived service were about neutral. There was an outlier in the perceived service section: the customers were clearly unhappy with the operating hours. Difference between male and female responses After collecting all of the surveys, we have found that both men and women rate the overall quality about the same. Both men and women are likely to return, and recommend family and friends. We found that women are more likely to compliment management, men complain to hospital management, and men were more likely to complain to hospital management. Women are more likely to seek help elsewhere, and men are more likely to use to healthcare at all. Both genders thought that the facilities were appealing, and women thought that the equipment was up to date more than men. Women felt that the employees were better dressed, more than men. Women rated the in keeping with service better than men, along with promise and do it. More women thought that the provider was sympathetic, and men were more likely to believe that the hospital was dependable. Men were happier with the time in which services were held compared to the time they were promised, and women were happier with the way records were kept. Men were more likely to be satisfied with when the service was provided, were also more likely to expect prompt service, and also were more likely to believe that employees were helpful. Men were more likely to select that employees were too busy, both groups believed that they could trust employee’s, and both groups felt safe. More women thought that employees were polite, and that they had organizational support. More women believed that they had individual attention compared to men, and also believed that employee’s knew their needs. Women thought that the doctors had their best interest at heart compared to women, and women thought that the operating hours were acceptable, while men did not. Recommendations The data from this study shows several opportunities for improvement in the quality of the service they provide. The overall quality of the hospital was rated very low. This is a major opportunity for improvement. This is a broad general view of the hospital by the patients this should improve as all of the smaller issues get improved. Intent to complain to management- There is room for improvement in almost all of the perceived service areas. The appealing facilities question was about neutral. Improving the appearance of the facility and making sure it is constantly clan would improvement customer perceptions of the quality of the hospital. Maybe it’s time to do some renovations. The respondents were about neutral to equipment being up to date. This isn’t that bad, but it would still be good to have newer equipment and would raise this section.