Generally Accepted Accounting Principles Essay Example for Free

Generally Accepted Accounting Principles Essay The mutual set of accounting criteria used to develop medical centers financial statements are known as generally accepted accounting principles (GAAP). GAAP are a mixture of respected criteria created by Securities and Exchange Commission (SEC) and accountants. The SEC has authority granted by The Securities Act of 1933 and the Securities Exchange Act of 1934, to determine reporting and disclosure requirements. Oversight is the general functions of the SEC, granting the Governmental Accounting Standards Board (GASB) to determine the standards. Generally accepted accounting practices are required for accountant to follow and medical centers to use so medical centers and provide investors with a minimal level of dependability for financing determination. GAAP provides detailed information concerning the medical center fiscal returns, detailed balance and outstanding debt. GAAP guidelines are expected to be upheld by medical centers when giving an account of their economic figures through financial declarations (Finkler Ward, 2006). Going concern principle. Financial statements must be prepared with the belief that the medical center will continue operation indefinitely. Disclosure of pending cease of patient care delivery must be noted in financial statement (Finkler Ward, 2006) Principle of conservatism. Certified public accountants have an obligation to document business purchases that necessitate estimation based on their sound judgment. The total medical equipment productivity time frame and outstanding accounts receivable are illustrations for the use of estimation. In financial data reporting, auditors adhere to conservatism rules, which demands lower appraisal be selected when one or more appraisals are taking in consideration. For example, when the restoration department has reported a five -percent rate return for new MRI machine for the previous three fiscal years, but the medical centers production department claims the reported profit value is inconsistent and there is an expectation that fewer than three percent of the MRI machines will need repair service during the following year. Since there is a discrepancy, the production department will need to presents undeniable proof to authentication the appraisal, the medical center auditor has a duty to adhere to the conservatism principles and prepare for the ive-percent rate return. Losses and costs are documented when they are credible and equitably estimated. Profits are documented when achieved (Finkler Ward, 2006). Matching principle. The medical center expenditures for providing safe patient care should be documented with the corresponding fiscal year in which the income was produced. Documented in the same fiscal year as the income they help to generate. An illustration of this particular cost is the cost of products sold in the medical center, salaries paid to staff. It is consider when patients are admitted to the medical center and the supplies used to provide safe quality care. Revenue is recognized when reimbursed by Medicaid and Medicare (Finkler Ward, 2006). Cost principle. The dollar amount deducted from the budget to purchase land, medical equipment, and supplies. Assets are documented at price purchased, which is equivalent to the price paid to gain acquisition. When a medical centers assets such as property or office structures increase in worth each fiscal year, reappraisal in not required for financial reporting purposes (Finkler Ward, 2006). Objective evidence. For financial reports to be valuable, they must contain information that is pertinent, trustworthy, and organized in a consistent manner. The cost information provided is evidence-based. This means internal and external users could all agree when the medical center reports they purchased telehealth technology for 1. 5 million and they can produce evidence in a form of bank statements or detailed receipt from vendor proving payment, this is reliable information that is verifiable and objective (Finkler Ward, 2006). Materiality principle. Obligates the preparer of the financial report to correct significant errors that otherwise would cause an individual to make a different decision if provided with correct information. When time approaches to approve the budget for additional telehealth equipment, medical center executive may not approve, if they were aware that the program is not beneficial and several telehealth monitors were sitting in storage areas with the local facilities. Insignificant errors may be ignored (Finkler Ward, 2006). Consistency. Medical facilities should use the same accounting methods each fiscal year. Consistency make available significant associations to be achieved among separate fiscal years and among the fiscal reports of separate establishments that employ the similar accounting practices. If the medical center changes their accounting method, the accountant must disclose the change in the financial report (Finkler Ward, 2006). Full disclosure principle. Financial statements usually make available data about the medical center previous performance. However, imminent litigations, unsettled debt, or additional circumstances that have the potential to produce considerable negative influences on the medical centers economic status are also required to be disclosed in financial statements. (Finkler Ward, 2006). In conclusion when medical centers are in compliance with GAAP this will help preserve creditability with creditors and investors because it restore confidence with external customers that the medical center financial reports precisely depict its financial standing.

To What Extent Does Mildred Taylor Portray T.J. as a Victim of the Times? :: English Literature

To What Extent Does Mildred Taylor Portray T.J. as a Victim of the Times? The novel 'Roll of Thunder' is based around racism and discrimination, during the 1930's. Mildred Taylor has chosen to set her novel in a time where black people were discriminated against. The context in which the story is set is a conscious choice of the writer to emphasise the extent of racism. T.J. is used by Mildred Taylor to represent the injustices the Black community were subjected to in these times. Although T.J. is not portrayed as a victim throughout the novel, he is certainly seen as a victim during the concluding chapters of the book. The narrative is by a young girl of ten years, Cassie. Cassie is a very opinionated, strong willed character who tends to judge people at face value, without taking other factors into consideration. This could be seen as a hindrance in such a novel, a novel that is being used to exploit racism and could benefit from a more open-viewed narrator. In this book however, the character is purposefully made to be single-minded by Mildred Taylor because it encourages the reader to think in more depth about the story. The author uses this narrow perspective of T.J. to encourage the reader to realise that he is a victim of the times. This realisation is encouraged not through Cassie's opinion but because she cannot see this fact until nearing the end of the story. Cassie's view of T.J. is blunt, 'I didn't like T.J. very much,' and during the beginning of the book the reader is persuaded that T.J. is not a nice person as there is no evidence otherwise. As the book proceeds however, the reader can show more insight into details that Cassie overlooks. This is as the writer intends, it helps to include the reader more in the book and is a similar idea to dramatic irony used on the stage. Mildred Taylor has used Cassie's simplistic views of T.J. to persuade the reader to think more deeply. She has used this simple point of view to show that the effect of racism is not always obvious and as the reader comes to realise that T.J. is a victim, Taylor's central theme is portrayed. To help the reader understand that T.J. is a victim of the times, Mildred Taylor uses other characters to show a more balanced opinion of him. Stacey is often used in this way; he is one of the few characters that show sympathy towards T.J. Stacey demonstrates a certain level of understanding about T.J.'s position and why he is how he is.

Mayella Violet Ewell Essay

Mayella Violet Ewell is Tom Robinson’s 19-and-a-half-year-old accuser and the eldest daughter of Bob Ewell; she has to take care of her siblings (such as Burris Ewell) due to Bob Ewell’s alcoholism. Before the trial, Mayella is noted for growing red geraniums outside her otherwise dirty home. Due to her family’s living situation, Mayella has no opportunity for human contact or love, and she eventually gets so desperate that she attempts to seduce a black man, Tom Robinson. Her father sees this through a window, and in punishment he beats her. Ewell then finds the sheriff, Heck Tate, and tells him that his daughter has been raped and beaten by Tom. At the trial, Atticus proves that it was her father who beat her by pointing out that the bruises are on the right side of her face only. This is important because Tom’s left hand is mangled and useless, while Bob Ewell is left handed. When Atticus Finch asks her if she has any friends, she becomes confused because she does not know what a friend is. During her testimony, she is confused by Atticus’ polite speech and thinks that his use of â€Å"Miss Mayella† is meant to mock her.  By testifying against Tom Robinson, Mayella is trying to destroy the evidence suggesting that she had attempted to seduce him, and to do what her father wants her to do so that he won’t hurt her — to eliminate her own guilt and fear of breaking a ‘rigid and time-honored code’. Mayella is played by Collin Wilcox in the movie.

Assess the Significance of the Role of Individuals in...

History Coursework: Part B Assess the significance of the role of individuals in reducing racial discrimination in the USA throughout the period 1877-1981 Between the periods of 1877-1981 there were many significant figures who contributed towards reducing racial discrimination in the USA. Although without events such as the Montgomery Bus Boycott, WWII or the actions of the NACCP to change attitudes towards African Americans, these individuals would have had little effect. The likes of Booker T Washington and Du Bois set the foundation for civil rights along with the Second World War; however other individuals such as Martin Luther King help to actively progress the movement. Along with this the government and various presidents†¦show more content†¦It helped to change attitudes towards black Americans, as they went to war; they were portrayed to be worthy American citizens which changed many white Americans attitudes towards them. The war also created stepping stones for the likes of Martin Luther King to breach into the civil rights movement, therefore not only did it have an impact on black Americans, it also created some success for many civil rights activists. However the war did nothing to reduce discrimination towards other ethnic minorities, for example Japanese Americans received much racial discrimination due to Japans role in WWII. Although the war was bad for the civil rights of Japanese Americans, Chinese Americans received a better way of life, with more civil rights as America forged a great political relationship with China after the war due to their help during it. Therefore WWII was a great influence on reducing racial discrimination within the USA for only certain minorities, although for the likes of Japanese Americans way of life got worse as they were sent to camps until the war ended due to suspicions. The war was more important than earlier individuals as it had a direct impact on reducing racial discrimination, and further effect in the emergence of fresh civil rights activists who would later have a significant role in the movement. As Assess the Significance of the Role of Individuals in... Assess the significance of the role of individuals in reducing racial discrimination in the period 1877-1981. The post-civil war era of American history could be argued as one with great promise for African Americans. With the North winning the Civil War and Lincoln granting the Emancipation Proclamation in 1863, surely the seeds had been sown for equality for all in America; blacks and whites included? Despite the foundations having been laid for equality, it may not be surprising that only small progress was made when Lincoln- the â€Å"saviour† of Blacks- had little interest in abolishing slavery in the first place; â€Å"if I could save the Union without freeing any slave, I would do it†. However, it cannot be disputed that, whatever his†¦show more content†¦The NAACPs main focal points were: The abolition of segregation; equal voting rights; educational opportunities for black people; the enforcement of the Fourteenth and Fifteenth Amendments. Despite the main focuses of the NAACPs campaigns, it could be argued that the main thing they did for the progress of Black Equality was the uniting of Blacks under one force; by 1918 there were around 43,994 members in the NAACP. This gathering of Blacks under one organisation cannot be ignored, for the first time the African-Americans of America were joining together in order to fight for their freedom. One key event which argues against the idea that individuals were significant in reducing racial discrimination is that of WWI; argued by Sanders- â€Å"The First World War generated jobs and gave blacks soldiers a glimpse of greater equality†. The treatment of Blacks abroad- particularly France- showed the African-Americans that the treatment they were receiving at home was unfair and that they were indeed in a situation which needed to change. It is a hard task indeed to decide whether or Black Consciousness increased due to the work solely of individuals such as Du Bois, organisations like the NAACP or events like WWI. Many would argue that it was not a single one of these factors which led to the increase of Blacks realisation of potential. One argument however is that surely without individuals behind the organisations,Show MoreRelatedAssess the Significance of the Role of Individuals in Reducing Racial Discrimination in the Usa Throughout the Period 1877-1981.1995 Words   |  8 PagesHistory Coursework: Part B Assess the significance of the role of individuals in reducing racial discrimination in the USA throughout the period 1877-1981 Between the periods of 1877-1981 there were many significant figures who contributed towards reducing racial discrimination in the USA. Although without events such as the Montgomery Bus Boycott, WWII or the actions of the NACCP to change attitudes towards African Americans, these individuals would have had little effect. The likes of BookerRead MoreMedicare Policy Analysis447966 Words   |  1792 Pagesfollowing bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Labor, Ways and Means, Oversight and Government Reform, the Budget, Rules, Natural Resources, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide affordable, quality health care for all Americans and reduce the growth