Integrating Ethics into Practice Essay Example | Topics and Well Written Essays - 250 words

Integrating Ethics into Practice - Essay Example The two concepts keep me in my toes as a business professional. Going concern keeps my eyes set on the ultimate goal as a professional to always keep the business functional and viable. All other concepts will become nil if the business will stop its going concern. Costs tests my acumen as a business professional because it determines how well I keep this within a controllable limit to keep the business operational and profitable and sustain it as a going concern business. The 11 FASB concepts which are money measurement, Entity, Going concern, Cost, Dual aspect, Accounting period, Conservation, Realization, Matching, Consistency and Materiality sets the guidelines of the ethical practice of an accounting professional and a business person. This serves as the standards of the Generally Accepted Accounting Principles (GAAP) whereby financial statements that are prepared by a business should conform

Private and Public Education Essay Example | Topics and Well Written Essays - 1250 words

Private and Public Education - Essay Example The US public school industry is the one which functions in very much the same way as any other regulated industry. Its weaknesses are also mentioned in the same manner by educational scholars and thinkers. The present state of public education in the United States of America takes high-class criticism in a number of departments. For example, No Child Left Behind (NCLB) legislation is criticized with high volume which gives lowest possible economical support for practical procedures yet asks for complete control on educational budgets of the nation. (Arriaza, et. al, p. 1, 2005). Additionally, according to the author, for the fiscal year of 2005, the country's schools 9.8 billion dollars less than they were promised by the legislation. In this way, the author regards the NCLB legislation as a very sophisticated legislation which with tumultuous policy-making goes well beyond the plans to bring in money for other educational systems such as home schooling, charter schools, or any othe r program that can lead to the privatization of public education system (Arriaza, et. al, p. 1, 2005). ... Today success in gauged not by reduced costs by increased amount of spending. The author also notes that in public education the notion of productivity is now going down. For decades, quality has been flat in spite of enormous spending in this regard: "Labor-intensive production methods are frozen in place by outmoded funding formulas" (p. 217). Monopoly rents is something which is fought by establishment; more importantly, the author claims that in public education, "Investment and effort are directed primarily toward manipulating the political/regulatory mechanism to augment and keep revenues flowing" (Wenders, p, 217, 2005). Now looking at the scenario of the public education, the present writer reaches an opinion that the entire public education of the US must be reevaluated for the loopholes like wastage, sluggish implementation of procedures, and practicality. It is due to the fact that people have concerns about the quality assurance of each policy pushed toward the public education. One such is the NCLB legislature. It has received severe criticism because of fallacies found in the entire process. The most criticized portion of public education (which alerts the present writer) is the involvement of private venture to an extent as to demean the entire public education. US Private Education According to Wenders, (p. 217, 2005), the private education system in the US is a strange one presenting a "schizophrenic market". They private education sector is faced with a competitor which is both supported by tax and is a monopolist practicing all this in predatory pricing fashion (p. 217). The result of this abnormal competition is that private schools have been forced into a kind