Excerpt from Business Administration: Theory, Practice and Application
The body of principles under which business transac tions are thus recorded in an orderly form and in their proper relation to one another, is called accounting. Ac counting is a science which aims at the systematic pres entation of business facts and whose rules are designed to indicate or state the principles upon which such a record of business facts must be made. In current discussion, there is a good deal of confusion about the use of the term accounting. By many the word is made synonymous with the word bookkeeping, as if the two were substantially identical. Some persons use the term accounting as if it were merely a high-flown expression for the word book keeping, while others admit the existence of a difference between the two ideas but consider that accounting is merely advanced or dificult bookkeeping. This con fusion of ideas is injurious to the proper development of a science of accounting, as well as to the proper statement of bookkeeping methods. It should be recognized at the outset that the term accounting is properly used only when applied to the principles, system, or theory by which business facts are recorded with the design of showing certain classes of results, or to the system or theory in ac cordance with which business facts are so analyzed as to exhibit their relationships to one another.
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Excerpt from Business Administration: Theory, Practice and Application
"The recipe for perpetual ignorance is: Be satisfied with your own opinion and content with your, knowledge."
This is an era of the greatest commercial activity the world has ever known. The development of business is one of the marvels of the new century. A few years ago science, as a factor in commerce, was little known and less appreciated. The amazing advantages to business of intellectual attainments were utterly without recognition. Today, however, business has become a contest in which the quickest perception wins, thus transforming the counting room into a battle ground upon which brain matches brain for supremacy and success.
Ah, that enchanting word, S-U-C-C-E-S-S. It does not require a magic key to unlock the door to business efficiency. There is nothing mystic, nothing mysterious in the applied method of the really resourceful men in this day of great successes, of marvelous achievements in business enterprise. The sum total is contained in two words, words that electrify, nevertheless. Educated Enthusiasm.
The most formidable barrier to progress has always been the senseless opposition of those to whom it would be of the greatest benefit. Changing conditions are the order of the day, for enlightenment has worked wonders. In olden times, a man of affairs was obliged to guard his property and his loved ones by building a moat around his house and posting sentinels in and around his estate. The time is not long past when, because of prejudice, perversity or ignorance, many men believed that opportunity knocked only once at any man's door.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Paperback. Zustand: New. Print on Demand. This book delves into the fundamental principles and practices of accounting, providing a comprehensive guide to the theoretical framework and practical applications of accounting systems. The author traces the evolution of accounting from its origins in simple trade record-keeping to its modern-day role in complex business organizations. The book explores the concepts of debits and credits, the nature of accounts, and the methods of classifying and analyzing financial transactions. It emphasizes the importance of accuracy and consistency in record-keeping and discusses the various types of accounts used in different business contexts. The book also examines the vital role of accounting in financial reporting, decision-making, and ensuring the integrity and transparency of business operations. By providing a solid understanding of accounting principles, the author empowers readers to effectively manage their finances, make informed decisions, and navigate the complexities of the business world. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330007136_0
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330007136
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330007136
Anzahl: 15 verfügbar