General Accounting Principles Coursework - 275 Words

General Accounting Principles (Coursework Sample) Content: General Accounting PrinciplesNameInstitutionCourseDate General Accounting PrinciplesQuestion 1Bookkeeping is considered to be a process that entails accumulation, organization, storage and access of financial data. Financial data are always required for two fundamental purposes, which are the facilitation of the routine operations of the entity and financial statements preparations. Similarly, accounting is the organized recording, analysis, summary and reporting of financial information for an entity. In bookkeeping, an accountant is expected to follow the generally accepted accounting principles (Gilbertson Lehman, 2009).Bookkeepers have to record financial information as per a set of financial systems that are under set procedures known as internal controls. Internal controls were formulated to minimize errors that are associated with the numerous activities that bookkeepers record daily in business. On the other hand, accountants record and analyze financial data under the generally accepted accounting maxims to ensure the proper storage of financial information. Both processes have one sole goal of keeping financial data to minimize errors with regard to daily financial activities in an entity. This implies that both processes are similar (Rodger Lucas, 2011).Question 2The accounting equation states that Assets = Liabilities + Owners Equity. Assets are the economic resources of an entity, liabilities refer to the money owed to other persons such as loans, and owners equity is confined to the stake of the owner in a business entity. This appears to be the basis of all accounting procedures since accountants have to ensure that the transactions of a business do not affect the balance of the accounting equation (Gilbertson Lehman, 2009).Particularly, this implies that all the transactions recorded in the balance sheet must bring a balance to the equation. A failure to have a balance means that there is a possible error in the reco...

Swot Analysist Sporting Goods Industry - 2116 Words

Umbro | Parent Company | Nike Inc | Category | Apparel and Accessories | Sector | Lifestyle and Retail | Tagline/ Slogan | Go Out There; Tailored by | USP | English Football tailoring | STP | Segment | Apparel for athletics | Target Group | Athletes who play football | Positioning | Sportswear and football equipment brand | SWOT Analysis | Strength | 1. Presence in around 90 countries2. Enduring presence of 85 years in Manchester with launch of kits for them3. Strong management as it is a subsidy of Nike4. Strong brand equity and financial position 5. Excellent branding and advertising through | Weakness | 1. High brand switching among customers with many other powerful sports brands available2. Limited presence in†¦show more content†¦The company should make long term agreements with manufacturing units to reduce backlog and other issues. 2. Increase global penetration 3. Tie-ups with sports academies, schools etc | Threats | 1. Similar products available in other brands.2. The company might face trade barriers and currency fluctuations since it imports all the products from its manufacturing units. | Competition | Competitors | 1. Puma2. Nike3. Adidas 4. Fila 5. Reebok | Converse | Parent company | Nike | Category | Apparel and accessories | Sector | Lifestyle and retail | Tagline/ slogan | Band and Of Ballers; All star –shoes, we have got you covered-clothes | Usp | Trendy and vibrant sports apparel for men and women | STP | Segment | Men and women sporting casual sports apparels | Target group | Converse loyal customers and other SEC A men and women in the age group of 18-24 sporting casual wear | Positioning | America s Original Sports Company | SWOT analysis | Strength | 1. Mid premium segment apparels, shoes and other accessories for the youth with good adveritisng2. Range captures international designs and trends and also special editions are launched for special occasions.3. The shoes and the skate boards come in customizable designs 4. The company has a long history since 1908 and a huge loyal customer base.5. The company has partnered with a NGO called RED, working for AIDS relief in Africa.6. Famous sports

Analysis of Liberalism and Democracy Essay - 1069 Words

Analysis of Liberalism and Democracy Liberalism has an ambivalent relationship with democracy, as liberals are against collective power, but support political equality. In the nineteenth century liberals were often opposed to democracy as they saw it as a threat to individual rights - the people are not a single entity but rather a collection of individuals with different opinions and interests, and so it is impossible for every view and opinion to be respected. Since the twentieth century most liberals have come round to the idea of democracy, and support it, but they still have reservations. Liberals defend democracy for a variety of reasons. First of all it ensures public accountability.†¦show more content†¦Leading on from this is the issue of property - according to John Locke, it was crucial that those with property were able to protect their rights against the government. The government has the right to expropriate property through taxation, therefore the owners of property have the right to control who makes up the tax-making body. This idea was summed up in the slogan ‘no taxation without representation’. Also, liberals believe that political participation is important in itself, as it allows personal self-development and political education. Self-development is very important to liberals - modern liberals in particular see freedom as the ability to develop skills, broaden understanding and gain fulfilment. Therefore any kind of self-development is very important. Democracy also allows individuals more control over their own lives - they play an active part in government, and indirectly affect all decisions made over their lives. This self-determination is very significant to liberals, as they believe that freedom is very important, and noone should have power over another individual without some degree of consent - democracy provides this consent, as people are able to choose a representative for themselves. Liberal democracy is based on competition and electoral choice,Show MoreRelatedPolitics is the Manner in Which Society is Organized1767 Words   |  7 Pagesthat is democracy and liberalism, will be discussed. These are not just political systems but they are also a set of rules and theories. Democracy is the branch of politics that has to do with the organisation of society through the collectively binding decision-making of the entire population. Liberalism on the other hand is a philosophy of politics that has to do with the freedom of control and interference from a governmental organisation. 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Transitions to Agriculture Essay Example For Students

Transitions to Agriculture Essay Transitions to Agriculture Essay The transition in the common mode of subsistence, from hunter-gatherer to agriculture, marks an important stage in the development of mankind. During the time of this transition, humans experienced an increase in their social, political, and technological complexity. A number of varying hypotheses have been put forward to explain the causes of agricultures origin, as well as its effect upon the human population. However, due to the lack of definitive data in much of the archaeological record, it is often difficult to discern the validity of theories suggested to explain either events leading up to, or the consequences of the Agricultural Revolution. Agriculture is defined as the planting of multipropagators of domesticates or cultivars in relatively large plots or fields (Macneish 1992:11). Agriculture involves changes both in humans use of the earth as well as in the structure and organization of human society. Agriculture is often accompanied by use of ceramic containers, extensive forest clearing, cultivation of hard-shelled cereals which can be stored for long time periods, invention and adoption of technologies for farming, with an increase in sedentism and population, as well as an increased pace towards more complex social and political organization (Price and Gebauer 1995:6). The process of agricultural domestication seems to be self-perpetuating and begins an increased dependency on cultivated foods rather than on wild resources. Once a commitment to this way of life is made, the necessity of maintaining food production transforms the basis of the society, making a return to the original state improbable or impossible (Smith 1976:17). Definitive signs of plant cultivation first appeared in early Neolithic villages in the Near East around 7500-7000 B.C. Food production within the area was based on the domestication of approximately nine species of local grain plants (Zohary and Hopf 1988:207). These early domesticated species include emmer wheat, einkorn wheat, barley, lentils, peas, bitter vetch, chickpeas, broadbeans, and flax (Zohary 1986:5-6). Zohary and Hopf describe several techniques which are used to date the origin and spread of cultivated plant species. The analysis of archaeological evidence, such as carbonized plant remains; impressions left on pottery, daub, and bricks; parched plant remains; waterlogged preservation; preservation by oxides of metals; digested or partly digested remains, can help to determine the age of the species. Other methods can include analysis of living plants, such as the wild progenitors from which the cultivated plants evolved, and use of radiocarbon dating and dendrochronology. Many of the preconditions associated with, or appearing just prior to, the development of domestication are commonly agreed upon. The core traits include sedentism, storage abilities, high population densities, high resource diversity, processing and harvesting technology, and good potential domesticates. Possible factors, which may or may not have had a great affect on the transition to agriculture, are competition, ownership of produce and resource localities, changes in climate or vegetation, and population pressure (Hayden 1995:277-280). One of the most well-known theories for the explanation of the origin of agriculture is the Oasis Theory which was first discussed by Rafael Pumpelly, and later popularized by Gordon Childe from the 1920s and afterward. Before the 1940s it was thought that the end of the Pleistocene was a period of increasing temperatures and less precipitation. It was therefore suggested that areas such as the Near East would have experienced a period of aridity at the end of the Pleistocene when vegetation only grew around limited water sources- oases (Gebauer and Price 1992:1). Childe suggested that farming began where potential animals and plants were available, particularly in Africa and Asia. .u3e5d3783b19ce4f56a7b86adec904f87 , .u3e5d3783b19ce4f56a7b86adec904f87 .postImageUrl , .u3e5d3783b19ce4f56a7b86adec904f87 .centered-text-area { min-height: 80px; position: relative; } .u3e5d3783b19ce4f56a7b86adec904f87 , .u3e5d3783b19ce4f56a7b86adec904f87:hover , .u3e5d3783b19ce4f56a7b86adec904f87:visited , .u3e5d3783b19ce4f56a7b86adec904f87:active { border:0!important; } .u3e5d3783b19ce4f56a7b86adec904f87 .clearfix:after { content: ""; display: table; clear: both; } .u3e5d3783b19ce4f56a7b86adec904f87 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3e5d3783b19ce4f56a7b86adec904f87:active , .u3e5d3783b19ce4f56a7b86adec904f87:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3e5d3783b19ce4f56a7b86adec904f87 .centered-text-area { width: 100%; position: relative ; } .u3e5d3783b19ce4f56a7b86adec904f87 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3e5d3783b19ce4f56a7b86adec904f87 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3e5d3783b19ce4f56a7b86adec904f87 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3e5d3783b19ce4f56a7b86adec904f87:hover .ctaButton { background-color: #34495E!important; } .u3e5d3783b19ce4f56a7b86adec904f87 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3e5d3783b19ce4f56a7b86adec904f87 .u3e5d3783b19ce4f56a7b86adec904f87-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3e5d3783b19ce4f56a7b86adec904f87:after { content: ""; display: block; clear: both; } READ: Explaining A Concept Essay He proposed that a Post-Pleistocene desiccation expanded the deserts and led to a concentration of men, plants, and animals at oases which might have resulted in the symbiosis implied in domestication. The humans recognized the food potential of the plants and animals, and began experimentation which would eventually lead to agriculture (MacNeish 1992:6). The hunters whose wives were cultivators had something to offer some of the beasts they hunted- stubble on grain plots and the husks of the grain. As suitable animals became increasingly hemmed in to the oases by the desert, men might study their habits instead of killing them off-hand, might ta me them and make them dependent (Childe 1954:49). Unfortunately, the .