buy custom Accounting Equations essay

buy custom Accounting Equations essay In every business entity, every transaction has an effect on its financial position. Assets, liabilities, and owners equity or shareholders equity measures the financial position of a business. In a sole proprietorship, the accounting equation is as follows: assets = liabilities + owners equity, while a corporations accounting equation is assets = liabilities + shareholders equity (The Accounting equation, 2010). In a business, an example of a transaction, which would increase an asset account and increase a liability account, would be purchase of inventory on credit. For example, assume Mr. Smith, a new business owner, acquires items for sale on credit from a supplier (we assume the items purchased are worth $100). Before the transaction, the accounting equation for the business would be, $0 capital + $0 liabilities = $0 assets. After making the transaction, the new accounting equation would appear as follows: $0 capital + $100 creditors = $100 stock. To illustrate a transaction, wich would increase an asset account and increase the owners equity account, we assume that at the beginning of year 2011, Mr. Smith brings in $ 1,000 as capital contribution. This transaction would result into increase in owners equity account (capital account) and increase in assets (cash). The new accounting equation for Mr. Smith would be as follows: $1,000 owners equity + $100 creditors = $1,000 cash + $100 stock. We further assume that during the first week of operation, Mr. Smith sold the stock, and used the money from sales to pay his creditor. This transaction would result into reduction of inventory as well as the creditors balance. The new accounting equation for Mr. Smiths business would be as follows: $1,000 owners equity + $0 liabilities = $1,000 cash + $0 stock. If we assume that Mr. Smith took $200 from the business to purchase furniture for his business, this type of transaction would increase one asset account (furniture) and decrease the other asset account (cash account). The new accountinng equation for Mr. Smiths business would be $1,000 capital + $0 liabilities = $800 cash + $200 furniture. To illustrate a transaction, which would decrease one liability account and increase another liability account, we assume that Mr. Smith takes a short-term loan from his bank to pay for accrued monthly rent for the business premises at the end of the month of May. This transaction would result into increase in liabilities (a credit entry in the short-term bank loan account), while the accrued rent account would decrease (a debit entry in accrued rent account). We assume that in the month of May, Mr. Smith takes cash drawings from the business for personal use. This type of transaction would cause a decrease both in the owners equity account and in cash account. Assuming Mr. Smith takes $50 from the business, the owners equity account would be debited with cash $50, while the cash account would be credited with drawings $50. The new accounting equation would be $950 capital + $0 liabilities = $750 cash + $200 furniture. Buy custom Accounting Equations essay

How to Write an Essay about Yourself †Getting Personal

How to Write an Essay about Yourself – Getting Personal How to Write an Essay about Yourself – Getting Personal Write an essay about yourself? Wasn’t that something done in elementary and middle school? Actually, yes, it was, but writing an essay about yourself may be resurrected once you hit college, in a couple of courses. The Autobiographical Essay in English Comp Any essay that you write about yourself is considered a narrative, even if the topic should be only a little â€Å"slice† of your life. When you were in elementary school, you probably wrote essays about your favorite toy, your favorite best vacation, etc. In college, however, you may be asked to write an essay about yourself in relation to a far more â€Å"adult† topic. In an English class, for example, you may be tasked with writing an essay on one of the following topics: How are your values different now than they were in middle school? What values do you have that your parents’ generation does not? What experiences led you to choose your major field of study? If you could be anyone else in the world who would it be and why? If, 10 years from now, you considered yourself a success, what would your life be like? The Personal Essay in Sociology Because sociology is the study of society and groups within that society, you might want to be prepared for an essay on a topic like these: How would you describe your family and your place in it? How has your socio-economic status impacted your values? What type of family unit will you pursue as an adult? What will be your ideal workplace? The Personal Essay in Political Science Normally, you would not think of writing an essay about yourself in a political science class, but these are becoming far more common. Here are some potential topics: Do you affiliate with a particular Party? Why or why not? How do you decide for whom you will vote? Structuring the Essay About Yourself If you think you don’t know how to write an essay about yourself, think again. The structure for this type of essay is just as it is for all essays. You have the topic You need to develop a thesis statement. Obviously, you will be the subject of that statement, but it must relate to the topic. For example, â€Å"Growing up in poverty has had a major impact on the person I am today, in three important ways.† Your 3 body paragraphs will each address one of the â€Å"important ways.† Conclusions in these types of essays often look toward the future, and you may do that or restate your thesis in a different say. You see? You do know how to write an essay about yourself. And it is usually more easily written because, after all, who know you better than you?

Choosing the Right Philosophy Ph.D. Program For You

Choosing the Right Philosophy Ph.D. Program For You Choosing a philosophy  program can be extremely difficult. In the U.S. alone, there are over 100 well-established schools granting graduate degrees (M.A., M.Phil., or Ph.D.) in philosophy. Needless to say, Canada, the U.K., Australia, France, Spain, Holland, Belgium, Germany, and several other countries have advanced degree programs that are well-regarded, too. How should you decide which program is best for you? Length of the Degree and Financial Aid One of the most important factors to consider when choosing an academic program is the length. When it comes to Ph.D. programs, U.S. departments typically require a longer period of study (between roughly four and seven years) and usually offer multi-year financial aid packages. Other countries have different systems, and in the U.K., France, Germany, and Spain, it is more common to find three-year Ph.D. programs, some of which offer financial aid. The financial aid aspect can be a decisive factor for many students. Fresh graduates of philosophy Ph.D. programs can expect to face more challenges in the job market than graduates of law school and medical school programs. Even for graduates fortunate enough to obtain an academic job after completing their degree, it can be difficult to pay off thousands of dollars in loans. For this reason, it is not recommended to begin an advanced degree in philosophy without first securing proper financial aid. Placement Record Another important characteristic of an advanced degree program is its placement record. What sorts of jobs have the graduates from the program secured over the last few years? The placement record  can be an important indicator for prospective students. Keep in mind that placement records can improve or weaken on the basis of  changes in the reputation of the faculty members of the department and, to a smaller degree, of the institution. For instance, the philosophy departments  at  New York University  and  Rutgers University  significantly transformed their reputations since the early 2000s, and in 2017 their graduates were among the most sought-after on the market. Specialty It is, however, important to choose a program that suits the interests of the prospective student. In some cases, a relatively less-known program may actually be a students best choice. For instance, for someone interested in phenomenology and religion, the  University of Louvain  in  Belgium offers an excellent program.  Ohio State University  offers a top-notch program for students interested in the philosophy of mathematics. Because Ph.D. programs take years to complete and require a great investment on the part of the student, it is important to find a school where the student can engage intellectually with other students and faculty on the subjects that most interest them. That may be, in some cases, a prestigious name-brand school. It may also be a smaller school that happens to be less prestigious. Location Enrolling in a Ph.D. program often requires relocating- to a new country, a new city, a new neighborhood. Before making this drastic change, students should consider the location of the school and ask themselves whether they believe they can thrive in that environment. A sleepy college town may be the perfect study-zone for some students. Others may be more comfortable in a crowded city. Prestigious Departments Which schools have the most prestigious philosophy departments? It depends on how you measure prestige. Programs are always changing, and star faculty sometimes move from one program to another. Nevertheless, there are a number of schools that are known for the strength of their philosophy programs. They include Harvard University, Princeton University, the University of Michigan at Ann Arbor, University of Pittsburgh, M.I.T., University of Pennsylvania, U.C.L.A., Stanford University, U.C. Berkeley, Columbia University and the University of Chicago. Department Rankings For more detailed information about how different schools compete, students can consult department rankings. The most influential ranking is probably the Philosophical Gourmet Report, edited by Professor Brian Leiter of the University of Chicago. The report, based on the evaluations of 300 faculty members, also contains a number of useful additional resources for prospective students. More recently, the Pluralist’s Guide to Philosophy Graduate Programs  has offered an alternative perspective on the strength of various philosophy departments. This guide focuses on a number of research areas that are not as prominent in Leiters report. Another ranking that deserves some attention is the Hartmann Report, edited by graduate student John Hartmann.

Race and American Revolution Essay Example | Topics and Well Written Essays - 1250 words

Race and American Revolution - Essay Example Giving the Indians and the Africans a more prominent role meant that the older white-dominated success story f early America would have to change, ideally to be replaced by a more complicated story f cultural conflict and cultural intermingling. Nash next turned to the origins f the American Revolution, and in Urban Crucible, in 1979, he argued that the tensions arising from poverty and other underlying social and economic inequalities in the cities led to a radical lower-class politics that helps to account for the Revolution. Over the past several decades, Nash has devoted himself to the study f African American slavery and African American anti-slave movements--subjects on which he has written his best work. (Skemp 1429-1431) At the same time, together with Charlotte Crabtree at UCLA, he launched the National History Standards Project with funds supplied by the National Endowment for the Humanities. The published work, National Standards for United States History: Exploring the American Experience, which appeared in 1994, was repudiated by former NEH head Lynne Cheney, who had funded it, and disowned by the U.S. Senate by a vote f ninety-nine to one, though few senators actually read the standards. Through all the controversies and attacks--from the left and from the right--Nash never lost his faith that a fairer, more just, and more equitable America could be created by a more "inclusive" historiography, by historians uncovering all the inequities and brutalities f early America, especially those inflicted on Native Americans, African slaves, and poor lower-class whites. Although he did not write extensively on women in early America, inevitably he has been sympathetic to their cause as well. Nash has always sought to project his political vision into his history-writing. As much as anyone, Nash seems to represent the best f the "race, class, gender" historians f the past generation, who have succeeded remarkably in transforming the kind f history taught in many colleges and universities. His role as one f the leaders f this major historiographical transformation makes his book on race and revolution all the more significant. Here Nash applies the "race, class, gender" formula to what is arguably the most important event in American history. Although Nash has titled his book Race And Revolution, his interpretation f the Revolution may not be as unknown as he makes it out to be, owing to the revisionist work f many academic historians over the past four decades. As a result f this work, many people now know who Crispus Attucks is. (But can anyone name the other four victims f the Boston Massacre) f course, if polls f seniors from leading colleges and universities are to be believed, many events f the Revolution appear to be unknown by even the best-educated Americans. Only 34 percent f college seniors were able to identify George Washington as an American general at the battle f Yorktown. Only 23 percent knew that James Madison was the "Father f the Constitution." When Nash laments the "historical amnesia" f Americans, he doesn't appreciate the half f it. (Foster 20-27) Nash intends his book to be "a history f inclusion," an effort to bring into the story f the Revolution those who have been long forgotten: poor whites, Indians, African Americans, women. Compared with the likes f Washington and Madison, these people may have been lowly and

Walter williams Essay Example | Topics and Well Written Essays - 250 words

Walter williams - Essay Example If compensations were to be made, then apology becomes meaningless since it becomes a two-way business in which first the slave owners and sellers benefited and now the descendants of the slaves are benefiting. Apology means regret, not compensation. In this context, the disclaimer placed at the end of the resolution is justified. If the government does not pay, payment retrieved from any other community will raise substantial issues which will be graver than the need to compensate the descendants of the slaves. It is Williams’s fallacy that he has declared that the American government retrieves all the money it has from Americans. This is so untrue! The American government is not running on taxes paid by Americans alone. There are millions of Asians, Europeans, Arabs, and workers belonging to other nations who have not been granted the green card and yet they are earning in the USA and part of their payment goes to the American government. Besides, the American government is earning a lot of money by doing business with the Arabs in general and the KSA in particular. There are several other sources of income for the American

MANAGEMENT ACCOUNTING Essay Example | Topics and Well Written Essays - 2500 words

MANAGEMENT ACCOUNTING - Essay Example external and internal factors. These factors have redefined how management practices or functions are performed across business organizations. In the writings by Burgstahler et al. (2007), they stated that the transformations have largely affected the decision making process since there is a change in the management structure, which has integrated new roles as well as position holders. In addition, technology is also been increasingly applied in performing management functions. Despite the continuous transformation in the field of management, the constant variable has been the fact that accounting figures have consistently played a key role in the decision making process or rather they have consistently been used to decide the direction that the company should take. The strong reliance on accounting figures to perform management functions has led to the development of management accounting or control systems that were specifically designed to help the management of business organizat ions in the process of control, product costing and evaluation of management’s performance. However, in a seminal article, published by Johnson and Kaplan (1987) they both argued that management accounting systems had lost their relevance since they were inadequate for the modern accounting environment. In particular, they succinctly summarized the inadequacy of management account systems to cope with the demands of modern management by stating the information they generated was â€Å"too late, too aggregated, and too distorted to be relevant for managers’ planning and control decisions (Ezzamel et al. 1990). This present study mainly seeks to discuss the above statement in relation to today’s environment. It will begin with a literature review of the main topic of discussion and even a review on Johnson and Kaplan’s criticisms. Secondly, it will state the methodology that was applied in collected secondary data that were used in this study. In the third part before concluding, the study will conduct a critical analysis on the Johnson and Kaplan’s argument. 2.0 Literature review 2.1 Accounting With reference to the writings by Alkaraan and Northcott (2006), they stated that accounting as a practice focuses on recording, measuring, and communicating financial facts to concerned parties who use the facts for varying reasons. Roslender and Hart (2003) noted that in the present business environment, accounting largely focuses on the preparation of accounting reports and less on bookkeeping, which has been reduced to fairly a routine process because of the increased computerization and introduction of more effective systems of internal control. The users and uses of

Fashion Design and Development Essay Example | Topics and Well Written Essays - 2250 words

Fashion Design and Development - Essay Example The essay "Fashion Design and Development" analyzes Fashion Development and design. The word can be used to depict a wide variety of items ranging from shoes, furniture, clothes, and hair style. Better yet fashion goes far beyond to also depict tattoos, earrings, rings and any form of piercing that might be done on an individual. The majority of relevant cultures in the world, which in this case means the Chinese people, Japanese, notably Indians, Europeans and Americans all of them have different types of senses of fashion. A visitor in these countries would not only notice the diversity and difference in cultures but a visitor would also notice the difference in the mode in which the different people dress and apply ornaments of beauty. In 2005 a writer by the name Bennett wrote about fashion and said that fashion is one of the only major ways in which a person can be uniquely described and articulated. Those are the powerful words that he used to describe fashion and human identit ies together. It is thanks to that statement that this essay will devour enough material to understand what he meant and what he had in mind when he so intelligently personalized fashion to identities. Bennett had taken note of the power of images. What is seen lasts longer in the memory than any material we might read or any data we might hear. Hence when we keep looking at a person, sooner enough we start noticing a trend. It barely takes a couple of days for an individual to notice a trend in dressing.