Sources in Accounting Essay Example | Topics and Well Written Essays - 1250 words

Sources in Accounting - Essay Example Scholarly journals prove to be the best publication genre for researching accounting-related problems since it relays concrete information that stays within the focus of the subject matter. Accounting is one of the oldest disciplines concerned with collecting, analyzing and communicating economic information. Information analyzed is usable in making decisions and plans of an enterprise by concerned professionals and users. Committee on Terminology of the American Institute of Certified Public Accountants described the discipline as â€Å"Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in past at least, of a financial character and interpreting the results thereof† (Fountain, Douglas & Michael, 101). It is, therefore, a language used for communicating fundamental information to people. It is a profession and intellectual discipline. In addition, accounting is a socially constructe d discipline that is practiced for people by people, and influences relationships and workings within communities. A comprehensive knowledge of accounting may not be possible without a revisit to the history of the discipline. Originally, accounting was based on simple activities of recording and measurement. The 15th century saw the emergence of double-entry book keeping. Modern Ango-American accounting developed from these initial basic processes and reformed into the present accounting principles in the 20th century. It is, therefore, a discipline that has existed for as long as trade has existed. As such, there are several publications and other forms of sources recorded about accounting. Not all these sources have authenticity and reliability to be used in referencing crucial accounting researches. Scholars should exercise care in deciding which scholarly journals, professional and organizational publications and books they base their accounting-related arguments (Fountain, Dou glas & Michael, 91). Professional Associations National Accounting and Finance Council is one of the oldest accounting professional associations in America. The association has been in existence for 59 years and has an annual budget of $650,000. Since 1954 (the year the association was founded) it has managed to have a manageable membership of 1,100. National Accounting and Finance Council (NAFC) derives its membership from among chief financial and Executive Officers of trucking companies, security analysts, and software companies affiliated to trucking companies, CPAs, bankers and insurance agents. The core task of NAFC is to work towards advancing the standards of motor carrier industry. It also provides self improvement through interacting with regulatory agencies and amongst themselves, educational activities and community work. The association holds an annual exhibition to showcase steps made in achieving their objectives. NAFC publishes a periodical authoritative publication, NAFC Membership Directory Motor Freight Controller. The quarterly publication gives an interesting twist to how it tackles accounting issues. Due to its in-depth involvement with trucking companies, the association uses its publication to advice its members on the accounting legalities involved in their trade. It covers limited kinds of legal actions put forward against accountants in federal courts. It is a reliable resource that accounting professionals can turn to for legal advice in the absence of lawyers. Readers get tips on the

Outdoor recreation Research Paper Example | Topics and Well Written Essays - 1750 words

Outdoor recreation - Research Paper Example Considering a water sports park would ideally fit into the given location and also ideal to target the market. Simulating the similar effects of the sea shore i.e generating waves similar to the sea in a make shift pond would really attract peoples curiosity and there by bringing huge crowds. The design of water recreational sports ideally identifies the recreation and sporting opportunities available on the newly acquired land owned by the agency and also harmonizes with the site, and is both suitable and capable of accommodating all infrastructure requirements. Primarily the Albury city is suitable for any kind of development which can be a greatest advantage To provide within the overall concept all required buildings, structures, amenities and leisure opportunities for the target market of the theme and the regional population it is important to conduct a survey or a study which can clearly indicate us what exactly would be suitable for the people and according to the geographical location. ... 1. A waves generating water pond. 2. A 300 mrts long water skate board. 3. A huge ocean like pond which can accommodate motor boats for scuba diving and water rafting. 4. A big enclosure at the entry which accommodates large number vehicles for parking. 5. A complex at the beginning for booking tickets and visitors lounge and waiting area. 6. Electronic entry gates which can avoid unauthorized entry. 7. 2-3 different food complexes just after the entry in side the recreation center. 8. A separate water pond for women and couples for who ever prefer. 9. Sprawling games enclosure which has many kinds of rides like Columbus, Tora Tora and Giant wheel etcetera for children. 10. Video games for children and electric bumper cars. 11. Depending upon the budget a golf course would also be advisable. The above mentioned infrastructure would at least require a minimum of 50 acres of land for a comfortable environment. Management structure: The management of the recreation center can be outsourced to some other company or can be managed by the owner of the recreation center. The advantage in outsourcing the maintenance is that any loss or unavoidable situations can be put on the shoulders of the outsourced company. Management has so many functions to take care and some times it becomes difficult to manage so, employing a professional company in maintenance can be a better option for a smooth functioning of the center. Management of the company also needs to take care about the security of the infrastructure and we should be very keen on out sourcing the security of the infrastructure to the best security agency so that the people coming to the recreation center and also the infrastructure can be felt safe in their hands. The security depends on what security