Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties."
As an example, a company's accountants periodically measure the profit and loss for a month, a quarter or a fiscal year and publish these results in a statement of profit and loss that's called an income statement. These statements include elements such as accounts receivable (what's owed to the company) and accounts payable (what the company owes). It can also get pretty complicated with subjects like retained earnings and accelerated depreciation. This at the higher levels of accounting and in the organization.
Much of accounting though, is also concerned with basic bookkeeping. This is the process that records every transaction; every bill paid, every dime owed, every dollar and cent spent and accumulated.
But the owners of the company, which can be individual owners or millions of shareholders are most concerned with the summaries of these transactions, contained in the financial statement. The financial statement summarizes a company's assets. A value of an asset is what it cost when it was first acquired. The financial statement also records what the sources of the assets were. Some assets are in the form of loans that have to be paid back. Profits are also an asset of the business.
In what's called double-entry bookkeeping, the liabilities are also summarized. Obviously, a company wants to show a higher amount of assets to offset the liabilities and show a profit. The management of these two elements is the essence of accounting.
There is a system for doing this; not every company or individual can devise their own systems for accounting; the result would be chaos!
Summary:
Are you someone that wants to go to the top nursing school, become a nurse, be paid well, and have steady employment? For you to achieve this, and much more, you must research the top nursing schools and find out which one will give you the best education for what you want to do.
Throughout the decades, the field of nursing has provided countless numbers of people with high paying jobs. Opportunities will arise like the sun does every day, and awaits all degree holders of ...
Keywords:
nursing,nursing school,nursing schools,nursing education,school of nursing,school for nursing
Article Body:
Are you someone that wants to go to the top nursing school, become a nurse, be paid well, and have steady employment? For you to achieve this, and much more, you must research the top nursing schools and find out which one will give you the best education for what you want to do.
Throughout the decades, the field of nursing has provided countless numbers of people with high paying jobs. Opportunities will arise like the sun does every day, and awaits all degree holders of nursing, particularly those who have graduated from the top nursing schools. And since nursing is proved to be in an endless great demand, a number of nursing schools grow and multiply every year, like mushrooms.
Most top nursing schools will require applicants and/or students to acquire formal training and certification while in school. According to study, top nursing schools are expected to grow more in numbers, and be full blown before the year 2010, which is when another boom is expected to hit. Graduating and earning a degree from a top nursing school will be your starting point to the gate of a variety of professions such as family nurse practitioners, nurse practitioners, nurse assistants, and registered nurses. The most popular nursing field is that of a registered nurse.
If you are looking for a nursing school, you will more than likely find that schools within one of the larger cities have access to top hospitals. These cities are also home to good transit systems what will make the schools and living areas more accessible to one another, creating a lower cost of living in those areas for students.
Despite all the competition among top nursing schools, the quality of students and education is at an all time high. Throughout the years, these schools have given their students a stringent curriculum within convenient class hours, an extensive and strong alumni base, and solid learning environments and learning teams. This large array of benefits and advantages have allowed for more than a million students to be lined up for enrollment and then employment. The top nursing schools can help you find out what your path in life will be and then allow you to find that path through their programs.
Top nursing schools will continue to give benefits to their future and recent graduates, degree holders, and alumni. So take all of your worries and put them away, and take the first step to begin your education and bring your future to you.
