The Main Purpose of Accounting Essay Example for Free

The Main Purpose of Accounting Essay Keeping track of transactions and recording revenue and expenses are an important process, often assigned to an accounting department or a financial manager. Accounting allows companies to provide reports and insights needed to make sound financial decisions. The main purpose of accounting is to identify and record all activities of the income and the outcome that will affect the organisation financially. All activities, including purchases, sales, the capital and interest earned from investments are recorded in ledgers or journals. Entrepreneurs have to understand and complete a variety of business functions. An important business function when starting a business is accounting. Although many entrepreneurs may have to deal with stacks of financial documents but accounting often provides entrepreneurs with the clearest picture of their businesses success. Entrepreneurs must also keep records regarding the business start-up for tax and legal purposes. Filing records like these with great organisation will help run the business more efficiently and responsibly. Why is it important to keep accurate financial records, and how will this help the entrepreneur? Financial records will become very important when the tax season comes but they are also important in the day to day business. Preparing financial statements such as income statements, balance sheets, and cash flow statements are important because they show how successful the business is, an income statement list revenues and expenses for the business. Accounting how much income is coming in from all channels, it can include accounts receivable, sales, etc. These items are the business revenues. Expenses should be clear because they are everything that is paid out of the business including the operating expenses, the difference between these will be the net income. To help the entrepreneur in the business, financial records should always be up to date so that it can display an accurate snapshot of the business at any time, this way the entrepreneur won’t have to back track, always keeping the business accounting affairs in order. What is meant by revenue and expenditure?  Revenue is for the business. This is the total amount of money received by the business for goods sold or services provided during a certain time period. In terms of reporting revenue in a businesses financial statement, different businesses may consider revenue to be received in different ways. For example, revenue could be received when a deal is signed, when the money is received or when the services are provided. Expenditure is spending money in order to create future benefits, which means that the money is being spent on a fixed asset, or on making sure that an existing asset has its useful life extended beyond the life of the current tax year. This could be equipment, property or industrial buildings. The difference between capital and revenue expenditure is that capital expenditure results in an addition to an asset to the business, however revenue expenditure results in an addition to the expense account. Capital expenditures are payments for asset additions and replacements. Revenue expenditures benefit a current period and are made for maintaining assets with routine repairs or replacement of a small part. A capital expenditure will benefit two or more accounting periods and expenses for future accounting periods. Revenue expenditure will cause an understatement of net income in that year. When expensing an item, it goes into the expense side of the income records where as capitalising an item will be processed on the total balance sheet. Revenue income and Capital income Capital income is money coming in from the owner of the business or outside investors for the business. It is used to buy things that will stay in the business for a long time, for example the business building, vehicles or equipment which is initially referred to assets. Revenue income is money coming in from selling goods and providing a day to day service. The main sources are; sales, rent received or commission received. The types of Capital income to expect to incur are such things as: Loans- The amount of money lent to the business from the bank. The lump sum the bank offer to give you has to be paid back in lump sums, at certain amounts, per month over the time period given. The bank will add a monthly interest onto the loan which is usually a percent of the amount borrowed. These monthly  payments need to be paid back, even if the business does not succeed. Mortgages- Mortgages are similar to loans, but tend to give out longer time periods to pay the lump sum back. To secure the mortgages you will need to put assets on line. This is usually the property you used the mortgage to pay for. The types of Revenue income to expect to incur are such things as: Sales- Or sales revenue is money coming into the business from the sales of or services. The sales can be paid for cash, which is the more comment payment, be paid by debit card or credit of the store, being paid for later on. Rent received- A business that owns property and chargers others to use all of or part of the property. The business will receive rent from this inhibitor. Commission received- A business that may sell products or services as a part of another business. For each sale they will make a percentage of what the customer pays for that sale. This percent is called commissions.

B.F. Skinner :: essays research papers

B.F. Skinner Skinner believed in Behavioristic theories. When studying behaviorist theories you investigate the role of learning in the development of personality. The psychologist study conditions and situations that affect the learning of behavior. Skinner defines personality in terms of behavior. B.F. Skinner was born March 20, 1904, in the small Pennsylvania town of Susquehanna. His father was a lawyer, and his mother a strong and intelligent housewife. His childhood was old-fashioned and hard-working. He wanted to be a writer and did try, sending off poetry and short stories. When he graduated, he built a study in his parents’ attic to concentrate, but it just wasn’t working for him. At Harvard he got his masters in psychology in 1930 and his doctorate in 1931, and stayed there to do research until 1936. He was perhaps the most celebrated psychologist since Sigmund Freud. His first theory was of reinforcement. When a behavior is reinforced, or rewarded the chances of that happening again are likely. He is saying by reinforcement if the person knows they will get rewarded for it they will continue to do it. Skinner noted that the learning process should be divided into "a very large number of very small steps and reinforcement must be contingent upon the accomplishment of each step." Skinner also stated that by making the steps of learning small, the frequency of reinforcement can be increased and the frequency of being wrong is reduced. Another theory was that of punishment. He says in this way he does not approve. Skinner says that punishing a child for something will make him not do it again and that is good in some cases, but what if your parents are abusive. He says that the theory of rewarding is the way to go and punishment is not strengthening behavior, it is lessening the likelihood of that behavior to happen again.

Identity In Wide Sargasso Sea English Literature Essay

Family individuality is besides greatly involved in this novel. For illustration, Mr. Rochester origins from a rich household, but he did non inherited the belongings from his male parent possibly because of the belongings was inherited by his senior siblings. He come to Granbois to seek his ain luck, his matrimony with Antoinette was arranged by his male parent and Richard Mason, so that he will acquire the 30 thousand lbs from Antoinette which she inherited from Mr. Mason. His male parent purpose was to do certain that the Rochester household will hold extremely position where most of the household are rich. As for Antoinette, she have two first name which is Mason and Cosway because her female parent married two times. Mr. Mason is a rich adult male where he has a boy, Richard, even though Antoinette is non Mr. Mason ain girl but he liked her and give her half of his belongings but Richard are non satisfied with his male parent determination because he thinks that the rumor from A ntoinette ‘s household will dishonor his household name, so he make up one's mind to take away Antoinette belongings. Beside of cultural individuality, Antoinette and Rochester besides have the cultural individuality. For illustration, they have the similar instruction back land which they are taught to in Christian, they were taught to read book and live in an white ‘s work forces manner where they learn to dance and imbibe vino, this shows that they patterns the really same civilization. Although Antoinette patterns some of the white ‘s work forces civilization but she besides patterns the civilization from Caribbean which is largely believe by the black people. For illustration, Antoinette believed in obi, Caribbean signifier of the faith Voodoo, some sort of superstitious because Christophine, Antoinette ‘s alternate female parent present her to the Caribbean civilization and to obeah. This can be proven when Antoinette ask Christophine to do love potion for her, so that Rochester will love her. Besides Antoinette besides likes to bath in the natural bathing pool merely like th e other people live in Granbois but Richard are non used to these because to him those things looks like in dream he is afraid of that, he do non desire to acquire used to this state of affairs, he feels that England is his topographic point, their matrimony have causes civilization mismatch which leads to a calamity.2. How does the writer of the prescribed text nowadays the thought that being at odds with society ‘s values involves hazard but following with those values can besides be harmful?There are two society involved in Wide Sargasso Sea which is Caribbean ‘s society and Western ‘s society. Different society will hold different values, for illustration the Western ‘s society wage more facets in civilize people, wealth, position and spiritual life but the Caribbean society ‘s wage more facets in hatred, retaliation and justness. The writer prescribe it by utilizing Annette as an illustration. Annette as a color individual and patterns the really same civilization of Caribbean people but she is married to a white adult male and he is a slave proprietor, when Annette married him, she is taking hazard which is really important because of the bondage job, most of the black people hates the white people and there comes some chitchat from the people at Coulibri, Mr. Cosway estate stating that the adult male she married is excessively old for her and so when Mr. Cosway died, Annette and her household were discriminated by the other people for 5 old ages until she is married once more. The Caribbean society ‘s dislike white people for they treaten them, so they will detest their people marry white people and this is the hazard Annette is taking, she knew that this will be the effects when she is married to a white adult male. However, Annette did non follow with the Caribbean society ‘s values because sh e knows that it will non make any good, when she is married to Mr. Cosway, she understand the white people better and therefore leads her to an more open-minded individual. I besides thinks that she does non wants her kid comply with those values at that specific clip, enviousness, hatred and vindictive. When Annette married to Mr. Mason, her 2nd matrimony, she makes the colored people live around Coulibri even hates her and as the effects, they burn Annette house and Pierre is dead, a greatly risk so. As for the Western ‘s values, we can see it in the Mason and Rochester households. To them wealthy symbollise their position, Mr. Rochester father wants him to happen his ain luck and this significantly shows that wealthy to them is their position. Rochester prove that this is their society values when he wants to get married Antoinette for her money and the money are given to him without any inquiry. We can besides see this value in Richard Mason, he do non wants his step-sister to hold the same position as him and so he decided to set up a matrimony for her so that her money will give to person else. The western ‘s society besides judge a individual from their apparels, the manner of speech production and manners. For illustration, Mr. Rochester dislike Christophine for a few ground. Christophine spoke in a linguistic communication that Mr. Rochester dislike, Christophine describe that the xanthous tea drinks by the English work forces as xanthous Equus caballus urine and the frock she is have oning which is soiled makes Rochester thinks that is non a clean wont. Christophine knows that the immature maestro, Mr. Rochester dislike her, she knows that she will ne'er follow with the Western ‘s values and so she left the house because she besides knew that Rochester will trail her house at last. Even though her action did non harm herself but she did non believe of the effects when she left Antoinette and Antoinette was the 1 who are harmed.

The West Human Rights - 1445 Words

In the West human rights were born in the modern age as a result of the Industrial Revolution and thrived in the age of the â€Å"liberal state.† With the establishment and consolidation of modern democratic political structure since the late eighteenth century, the value of individual freedom was substantiated and power of individuals recognized. Consequently, the mentality instilled in people for centuries that the sovereignty belongs to the ruler broke off and was replaced by the new mindset that the nation is rooted in people. It was John Locke (1632-1704) who first set rights on the political agenda. He asserted that every man has the right â€Å"to preserve his life, liberty and estate† (Locke, 1962, p. 87). This ideal was later echoed and†¦show more content†¦The fact that the concept of human rights originated in the West does not undermine its universal applicability. The creation of the Universal Declaration of Human Rights (UDHR) signifies the recogn ition of human rights across the world. Forty-eight states voted in favor of the adoption of the UDHR in 1948. By 2011 the number of United Nations member-states had increased to 193 (United Nations Human Rights, 2014). However, in reality the confrontation between universalism and cultural relativism as to whether human rights are universally applicable underlies the discussion of human rights in theory and practice. The rationale behind the universalist interpretation of human rights is that its genuine concern for human dignity and flourishing finds echoes in all cultures, religions, and traditions that have survived the transition to the modern era. In contrast, the theory of cultural relativism holds that an individual’s beliefs and activities can only be comprehended in terms of their own culture; therefore there are no objective standards by which others can be judged. Thus, moral values are historically and culturally specific rather than universal. Jack Donnelly (198 9), a renowned human rights scholar, maintained that cultural relativism in reality had little to do with local or indigenous cultures and often