The Sung Dynastys Rise and Fall free essay sample

An analysis of the Sung era in China and those who experienced it. This paper discusses the Sung Dynasty and a famous poem that attacks the people of the era for hiding their head in the sand and pretending that everything was okay. The writer of this paper uses two sources to develop the argument that the false happiness of that era was a display of weakness in the people. As we go through history we can document various attitudes that have been felt by people who lived in that history. Chinas history is long and colorful with many changes over the years, and each change brought with it attitudes and opinions of the people who lived it. The Sung Dynasty in China is one of the most discussed eras for several reasons. It affected both the north and the south enough that it was divided into two separate eras. We will write a custom essay sample on The Sung Dynastys Rise and Fall or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In addition there was a forced cheerfulness that was not felt by many but displayed by all. A famous poem that was written on a wall in China is now reproduced in many Chinese history textbooks. The poem serves not only as a reminder of what happened during the dynasty and how people felt about it but also to remind the people never to fake happiness again or they may find themselves taken over by a government or dynasty that does not please them.

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Generally Accepted Accounting Principles (GAAPs) The common set of accounting principles, standards and procedures. GAAP is a combination of authoritative standards (set by policy boards) and the accepted ways of doing accounting. These are the rules that companies are expected to follow. If a financial statement is not prepared using GAAP principles, be very wary! That being said, keep in mind that GAAP is only a set of standards. There is plenty of room within GAAP for unscrupulous accountants to distort figures. 1. The Business Entity Concept The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results. 2. The Continuing Concern Concept The continuing concern concept assumes that a business will continue to operate, unless it is known that it will not. The dollar values associated with a business that is alive and well are straightforward. For example, a supply of envelopes with the company’s name printed on them would be valued at their cost price. This would not be the case if the company were going out of business. In that case, the envelopes would be difficult to sell because the company’s name is on them. When a company is going out of business, the values of the assets usually suffer because they have to be sold under unfavorable circumstances. The values of such assets often cannot be determined until they are actually sold. 3. The Principle of Conservatism The principle of conservatism provides that acc... Free Essays on GAPP Free Essays on GAPP Generally Accepted Accounting Principles (GAAPs) The common set of accounting principles, standards and procedures. GAAP is a combination of authoritative standards (set by policy boards) and the accepted ways of doing accounting. These are the rules that companies are expected to follow. If a financial statement is not prepared using GAAP principles, be very wary! That being said, keep in mind that GAAP is only a set of standards. There is plenty of room within GAAP for unscrupulous accountants to distort figures. 1. The Business Entity Concept The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results. 2. The Continuing Concern Concept The continuing concern concept assumes that a business will continue to operate, unless it is known that it will not. The dollar values associated with a business that is alive and well are straightforward. For example, a supply of envelopes with the company’s name printed on them would be valued at their cost price. This would not be the case if the company were going out of business. In that case, the envelopes would be difficult to sell because the company’s name is on them. When a company is going out of business, the values of the assets usually suffer because they have to be sold under unfavorable circumstances. The values of such assets often cannot be determined until they are actually sold. 3. The Principle of Conservatism The principle of conservatism provides that acc...