Accrual Method Checkpoint HSM/260 Essay

In a nonprofit organization it is important to make sure we are utilizing the best accounting system for our organization. Organizations that are non-profit are expected to provide financial statements that are based upon the accrual method of accounting. The accrual method of accounting differs from cash basis accounting. In the accrual method, income is recognized when services are rendered (Kokemuller, 2013). The accrual method focuses on recording revenue and expenses when the transaction occurs. Cash basis of accounting records income as money is received. An example of cash basis accounting is when a non-profit uses their checkbook to record debits and transactions as they occur. Accrual accounting is important because it ensures accountability in a non-profit organization. In an accrual system revenue does not equal cash. Expenses and revenue in an accrual system is based on the time frame in which they were earned. The cash basis accounting is based upon the actual payment. Revenue on an accrual system is not related to the cash basis system as cash accounts are. The statement of cash flow in the financial management of a human services organization is very important. This statement provides a financial record of the cash received and spent within a specific time period, for example on a yearly quarterly basis. The non-profit and human services organizations are kept informed by the statement of cash flow and how finances are managed and disbursed. In the financial management of a nonprofit organization it is important to understand the difference between accrual and cash basis methods of accounting. The accrual method is used most often in nonprofit organizations because it demonstrates the correlation between costs and income the most precisely. Reference Page: 1. Kokemuller, N. (June, 2013). Does Revenue Equal Cash In An Accrual System? Retrieved from: http://smallbusiness.chron.com/revenue-equal-cash-accrual- system-68175.html

Nicholas Coppernicus Essays - Copernican Revolution, Free Essays

Nicholas Coppernicus Essays - Copernican Revolution, Free Essays Nicholas Coppernicus Nicolaus Copernicus was a Polish astronomer, best known for the astronomical theory that the sun is stationary and Earth, spinning on its axis once daily, revolves around the sun annually. He was very intelligent and was educated at various universities. If Copernicus hadnt challenged Pltolmys theory, it would have affected us in many ways. Space travel, satellites, and weather prediction would not be as advanced. Nicolaus Copernicus was born on February 19, 1473 in Torun, Poland (Wood 87). He was born into a family of merchants. Copernicus uncle, Bishop Lukasz Watzerode, made sure his nephew obtained a solid education. In 1491 Copernicus enrolled in Jagiellonian University. From there he studied liberal arts for four years but received no degree. Like many others he went to Italy to study medicine and law (Smith 1039). Before he left, his uncle appointed him a church administrator in Fronbork. He then used the money from there to pay for school. Copernicus began to study canon lay at the University of Bologna in 1497. At that time he, was living at the home of mathematics professor, Domenico Maria de Novara. Copernicus astronomical and geographical interests were greatly inspired by Novara (Westman). Around 1500 Copernicus gave speeches on astronomy to people in Rome. Later that year he gained permission to study medicine at Padua University. Copernicus, without completing his medical studies , received a doctorate in canon law from Ferrara in 1503, after which he returned to Poland to take up his administrative duties (Smith 1039). From 1503 to 1510, Copernicus stayed in his uncles bishop palace in Lidzbark Warmiski. From there he published his first book, a Latin translation of letters on morals by a Byzantine writer. Between the times of 1507 and 1515, he completed a short astronomical book. It was not published until the 19th century (Wood 87). The main premises of the Copernican theory were that Earth rotates daily on its axis, while revolving yearly around the sun. He argued that other planets also circle the sun. His theories of planetary motion had the advantage of accounting for the daily and yearly motion of the sun and stars. It explained the apparent motion of Mars, Jupiter, and Saturn and the fact that Mercury and Venus never moved more than a certain distance from the sun. His theory also stated that the sun was stationary. Another important aspect on Copernicans theory was that it allowed some kind of order of the planets, according to their periods of revolution. Unlike Pltolomys theory, the greater the radius of the planets orbits, the greater the planet takes to make one revolution around the sun. Not many 16th century readers wanted to believe the Copernican theory. They didnt believe that there was a rotating Earth and that it spun 24 hours a day (westman). Nicolaus Copernicus passed away in 1543, but no one forgot his astronomical theory. By the 17th century, most major thinkers in England, France and Denmark were Copernicans, but natural philosophers in other European countries held strong anti-Copernican views for a least another century. Copernicus was a very intellectual man. He was one of the greatest thinkers of all time. For him to challenge Pltolmys theory was very courageous at that time. Many people doubted his theory. It was hard for people to believe something so different to what they had known. Its incredible that Copernicus didnt let society change his thinking. If it wasnt for his intelligence and courage, we wouldnt have the knowledge to test our space technology.

5 Steps on How to Get Organized in College

5 Steps on How to Get Organized in College With all that you have to balance, getting organized in college can sometimes seem like both a hopeless and useless task. After all, what kind of person can create order out of so much chaos?! You might be surprised, however, to learn just how easy it can be to get organized during your time in school. 1. First and Foremost, Have a Time Management System Whether youre a super senior or an incoming first-year student, time will be your most precious commodity. Just when you need it the most, it will seem the most scarce. And you will rarely if ever, feel like you have enough of it. Consequently, having a good time management system that you use is critical for getting organized - and staying that way - during your time in school. After all, how are you supposed to know what youre supposed to be doing if you arent even sure, well, what youre supposed to be doing? 2. Write Down All Your Academic Responsibilities When you first get your syllabi at the beginning of the semester, find a quiet table at a coffee shop, get a cup of coffee, and sit down with your calendar. Put everything thats on your syllabi into the calendar: when classes meet, when things like required films and labs are scheduled, when midterms are, when classes are canceled, when finals and papers are due. And when you think youre all done putting everything in, double check your work and do it again. Once you have everything inputted into your time management system, you can rest assured that youll know about all required course assignments well before their deadline. Sometimes, just knowing whats coming down the pipeline can account for 90% of your organization prowess. 3. Go Through Something Once a Week It sounds strange, but youll likely be surprised at just how helpful this rule can be when it comes to staying organized in college. At least once a week, go through and organize something. It can be your backpack; it can be your bank statement; it can be your desk; it can be your email. You undoubtedly, however, will find something that slipped your mind or that youve been meaning to get to. And if you hadnt have gone through that item, you would likely have forgotten all about it. 4. Have a Budget and Check in on It Regularly A major part of being organized in college is staying on top of your finances. Even if most of your costs, like room and board in the residence halls, are taken care of through the financial aid office, staying on top of your money situation is still important. Being organized means knowing whats going on in your college life at any given point in time. If you arent sure how much money is in your account - or, worse, if youll have enough to make it through the semester or quarter - you arent organized. So stay on top of your budget and know where youre money has gone, where it is, and where its headed. 5. Be Proactive and Plan in Advance You know that guy down the hall who always is stressing out and cramming last minute for exams? Or that girl who freaks out every time she has a paper due the next day? Chances are youd be hard pressed to find someone who would describe either of them as organized. If you know whats coming - holidays, major events, midterms, papers, lab reports, finals - you can plan in advance and avoid unnecessary chaos. And if you know whats coming, you can organize your life (e.g., get enough sleep) far enough in advance that you can still enjoy yourself during even the worst of the worst.

1page for each question Essay Example | Topics and Well Written Essays - 500 words

1page for each question - Essay Example However, none of the two declared military warfare against the other but they used indirect means to curb the other’s influence in the global arena. Americans were largely made to fear the communist agenda and this saw the republicans and democrats wage political wars based on which side can better handle the Soviet Union. Cold War was thought to ultimately lead to a nuclear war as both nations increased their nuclear stockpiles to deter the other from attempting an invasion. Hollywood released many anticommunist films and this instilled patriotism in Americans. For US to advance its agenda around the world and not to be seen as hypocrites, President Truman triggered laws that aimed at ending discrimination of the African Americans in the 1950s. On the other hand, US intervened militarily in regions across the world such as Korea and Vietnam so as to stop the communism agenda from spreading. Cold war, I believe, could not have been avoided. The differences between the US and the USSR were so huge and parallel that it was inevitable that they had to agree to disagree. The ideologies of capitalism versus communism could not merge while both Truman and Stalin could not agree as they had conflicting ambitions of controlling the post WWII world order. The systems of government were so different and the heated arguments between the two leaders made matters

Assignemt 4 ,investing Essay Example | Topics and Well Written Essays - 1000 words

Assignemt 4 ,investing - Essay Example The company places significant importance on innovation. This gives the company a cutting edge in comparison to its competitors. M.A.C cosmetics also defined as Makeup-Art and Cosmetics. The company was initiated by Frank Toskan and Frank Angelo in the year 1984. The concept of M.A.C was perceived initially by Frank Angelo. Toskan was a celebrated makeup artist and Angelo was the proprietor of chain of hair salon. The common interest in fashion shared by both brought the two together in creating the brand M.A.C. Angelo and Toskan realized the need of a reliable make up brand in the market. Both recognized the need of a makeup brand that was durable, creative and versatile. The makeup was mostly aimed for the makeup requirement at photo shoots. Està ©e Lauder in 1994 gained the controlling interest in MAC and the acquisition was settled in 1998. M.A.C is now one of the celebrated brands of Està ©e Lauder. In 1994 the MAC AIDS was introduced. The year before MAC was acquired by Estee Lauder Frank Angelo due to health complications passed away and Toskan also chose to exit from the company. MAC religiously don ates 100% of their selling profit from their brand Viva Glam to the MAC AIDS fund. John Demsey was appointed at the post of Group President in the year 2006. He is currently responsible for the brands M.A.C, Sean, John, La Mer, and Jo Malone, Bobbi Brown, Prescriptives under the Estee Lauder group. In the year 2005 Mr. John Demsey was appointed as Global Brand President of Estee Lauder after his appointment as the President and Managing Director of M.A.C from the year 1998. From the year 1991 till 1998 Mr. Demsey has held several positions with Estee Lauder, including the post of Senior Vice president of Sales and Education (Estee Lauder, USA & Canada). Before joining Estee Lauder Mr. Demsey worked for Revlon, Alexandra de Markoff , Lancaster cosmetics and Borghese Mr. Demsey currently also holds several executive retail positions

Leadership Communication Research Paper Example | Topics and Well Written Essays - 750 words

Leadership Communication - Research Paper Example The reason that a plan to change the image of the company is important is because bad press leads to a decline in sales for an organization. The firm has to implement a variety of strategies to improve the corporate image of the company. The first strategy I would implement is to develop a corporate news bulletin to be released to the general public. The booklet should explain the operations of the company. It should mentioned all the safety measures the company takes to prevent accidents and it should provide a history of the company to prove to the general public that the explosion at the plant was an isolated incident. The firm must include an article explaining the reason that the explosion occurred to demonstrate to the public that the explosion was an industrial accident that could not have been prevented. In the news bulletin the firm should make public the new safety plan that the company is going to use to prevent accidents in the future. There should also be testimonials in the news bulletin from the employees expressing how happy the employees are working for the company. The company should also implement a strategy to move attention away from the explosion incident to demonstrate that XYZ Corporation is a socially responsible corporation. ... One of those causes should be the battle against hunger. The company will donate $250,000 to help support hunger in the continent of Africa. Over 41% of the people in the Sub-Sahara African region lives on less than $1 a day and 32% are undernourished (Thp). A good non-profit organization to donate the money to is Feed The Children. The company will donate an additional $250,000 to support the victims of HIV/Aids and cancer patients. The firm is not going to limit itself to monetary donations. The company is going to also donate the time of its employees to provide valuable labor to non-profit organizations throughout America. The firm will donate an amount of 1000 labor hours of its employees over a period of one year. The philanthropic initiatives the company is going to implement are a great way to change the corporate image of the firm, but these initiatives are only effective if the general public knows that they are occurring. The firm will launch an advertising campaign to sho wcase the socially responsible initiatives the company is undertaking. The company will spend $500,000 in advertisements using a variety of marketing channels including the written press, television, radio, internet, and cellular advertising. The public relations campaign is going to help build up the reputation of the company and it will stir attention away from the explosion incident that occurred at the organization. In today’s competitive business environment companies cannot afford to get their reputation tarnished. Companies with bad reputations are firms that customers do not realize business with. XYZ Corporation has to act quickly to minimize the damage to its image that the explosion caused. The plan that the firm will implement is going to help revive the

The Nature of Evil Essay Example for Free

The Nature of Evil Essay 1: That which is morally bad or wrong, or that which causes harm, pain, or misery. 2: A force that is believed to cause wicked or bad things to happen. 3 A very unpleasant or harmful situation or activity. The existence of evil has been puzzling philosophers and leaders of all major religions for hundreds of years. The problem of evil is particularly challenging because Christianity was committed to the existence of a God that controls everything but at the same time acknowledged the real existence of evil. Some religions have tried to deal with the problem of evil by saying that it doesnt exist. In Hindu teaching evil is said to have no real existence instead being dismissed as phenomena. William Golding wrote The Lord of the Flies just after the Second World War, having witnessed the evil of this war he lost the belief that humans have an innocent nature; even children he learned are essentially evil. The Lord of the Flies challenges readers to attempt to develop their own views about the existence of evil in the human race. I found this quite challenging and after much deliberation it is my opinion that evil is within every human being because we all have the potential to be evil and that it is only laws and the threat of punishment that keeps people from behaving in an evil manner. This I why Roger in The Lord of the Flies acts the way he does. My theory that evil is within every human is also expressed in The Lord of the Flies through symbolism. I think that The Beast symbolises the evil that resides within man. I think that the children on the island were all aware that there is a beast on the island, but they thought that it was an actual living thing and didnt realise that it lies within them and that it is in their soul and mind leading them to chaos because of a society with no adults. Only Simon understands what the beast really is, but he is killed when he tries to tell the boys about the beast. Many people believe that Simon from The Lord of the Flies was mad and it is very hard to determine the difference between madness and evil. I dont think that Simon is mad at all; in fact he seems to me the most sane and logical of all the boys on the island. He is the one who tries to show the boys that there is no beast on the island and that the beast is actually the boys themselves. The theme of madness is explored in William Poes novel The Tell Tale Heart. The Tell Tale Heart is a story of domestic violence and it is hard to understand why it ends in the killing of a man. I think that it may have been caused by the narrators fear of the old mans eye; the narrator describes this eye as being pale blue with a film over it, and resembling that of a vulture. Because it is a short story we do not know why the narrator is so scared of the eye, but it is my belief that he is not actually fearful of the eye, and that he has pretended that he is frightened of it to justify the killing. I think this because the syntax suggests that the narrator has only just thought of the eye as a justification for the killing of the old man. for it was not the old man who vexed me, but his evil eye I think that the killing of the old man was evil but the narrator himself is not evil. I dont think that the narrator is evil because although to me and many people it is implausible that a man would kill another man just because of the way his eye looks but to other people this may seem quite plausible. What may drive one person to kill is very different to what will drive another person to kill. I think that Roger from The Lord of the Flies is a sadist who enjoys in hurting and causing pain. This is obvious from very early on in the novel where he knocks over the littluns sand castles and throws stones at them. Even before this I was quite weary of Roger after Goldings description of him. a slight, furtive boy whom no one knew, who kept to himself with an inner intensity of avoidance and secrecy the shock of black hair, down his nape and low on his forehead, seemed to suit his gloomy face and made what had seemed at first an unsociable remoteness into something forbidding. In the end it is Roger who pushes the boulder that kills Piggy. He joins Jacks anarchist group and becomes Jacks right-hand man. In The Lord of the Flies I believe that Jack is the leader of anarchy on the island. From the start of the novel he does not like abiding by rules of any kind. He simply wants to hunt and have a good time. Not seeming to care about being rescued, Jack and his tribe are examples of how without order and discipline we would all turn into savages. However Jacks form of anarchism is at odds with how anarchism is defined in the dictionary where it is said to be the political theory that is opposed to all forms of government. Anarchists believe that the highest attainment of humanity is the freedom of individuals to express themselves, unhindered by any form of repression or control from without. They hold that the perfection of humanity will not be attained until all government is abolished and each individual is left absolutely free. Jack is an anarchist in the sense that he tries to abolish Ralphs form of government, but he then tries to control how other people think and behave by setting up his own tribe. In many ways Jacks tribe is a lot like Adolf Hitlers fascist government in Germany. The way Jack persuaded the boys on the island to join him are very similar to the way that Hitler got people to join the Nazi Party. Like Hitler, Jack was an alternative to democratic policy (Ralphs government) and promised the boys a fun time. Also one of the main appeals of the Nazi Party was their organised appearance with their marches and uniforms. I think that this was also one of Jacks appeals, for example, when Jack and his tribe applied war paint the other boys were in awe of them and wanted to join them. By making these comparisons I think that William Golding was showing how extreme political views such as fascism may work in the short term and may be fun but that it is democracy that achieves the greatest results. In the beginning of the novel Jack, still conditioned by the previous society he had been a part of; could not bear to kill a pig. As the plot progresses he becomes less and less attached to what goes on in the civilised world and he subsequently becomes more extreme. Near the end, he feels no shame about the deaths of Simon and Piggy, or his attempt to kill Ralph and he gets his wish as his anarchy defeats Ralphs order. I think that the novel shows the reader how easy it is to revert back to the evil nature that is within every man when not living in a civilised environment with rules and discipline.