Sunday, March 29, 2020
Information About A John Jay Computer Science Tutor
Information About A John Jay Computer Science TutorA John Jay computer science tutor is a great way to make the most of your college experience. A John Jay computer science tutor can help you with any questions or concerns you may have and can help you understand what you need to study, prepare for tests, and in general, become a success as a student.The campus life at John Jay is filled with people from all walks of life. However, students from various backgrounds to attend the university and they share the same ideals. College is full of opportunities to learn from other people and other ways of experiencing the world around us, but sometimes these opportunities are hard to come by.Computer science tutors can help you make the most of these opportunities. They are experts in their field and they can guide you in any direction you would like to go. Their knowledge of technology is not limited to just computers, they will be able to guide you in almost any subject. They can teach you to use office software programs, create spreadsheets, learn how to submit resumes, and much more.They can also teach you new things that you could find useful when you start out in your career. They can also be an excellent resource for help when it comes to some personal issues that might be troubling you. At times, it is nice to be able to turn to someone who understands how to handle a situation in a mature manner.Most computer science tutors can answer your questions about studies, career, and anything else you want to know. They are able to provide you with valuable information to help you get started on the right foot. They will not only be able to help you find answers, but they will be able to help you find the solution you need.The computer science tutorat John Jay can help you with multiple subjects. They can teach you about computers, how to use them, and what software is available. They can teach you about designing a website, programming languages, and much more.The co mputer science tutor at John Jay can help you take a stand when it comes to an issue that you face. They can help you find the best solution and the best way to approach the problem. They can help you feel comfortable with doing so and also can help you feel confident in your ability to handle any situation.If you have a question about a subject or something that seems to concern you, the computer science tutor at John Jay is a great resource. They can help you through difficult times and provide you with helpful solutions. They can answer any questions you may have, explain any theories, and help you gain access to the information you need to succeed.
Friday, March 6, 2020
5 Reasons Everyone Should Study Physics
5 Reasons Everyone Should Study Physics When I tell people that I am in graduate school to study physics, the most common reaction is a noticeable cringe. People are impressed, but say that they could never study physics themselves. I would argue that everyone can, and should, study physics. 1) There is something for everyone. Physics applies to nearly every facet of life, and no matter your interests, it is very likely that physics applies in some way. Physics is an incredibly diverse subject, with its arms very widely spread. In the course of studying physics, you can study space, electronics, the earth, biology, acoustics, subatomic particles⦠The list is nearly endless. And you do not need to be a scientist to make use of this information. Musicians and actors need a working knowledge of acoustics. Athletes need a working knowledge of kinetics. Many people think of equations when they think of physics, but physics is simply the study of the material world. You can learn a great deal of physics without ever writing an equation. With that being said, though⦠2) It gives you a chance to apply the math that you have learned From my days in high school math, I remember very well the complaints of my classmates. âWeâre never going to use this.â âThis is pointless.â âWhy would anyone need to know this.â Physics is the answer to those complaints. Physics takes the math you have learned and applies it to real-world situations. Quadratic equations, graphing, calculus, trigonometry. All of these are vital when you are studying physics. It tends to work both ways as well. I have probably learned nearly as much math by studying physics as I learned in all of my math classes. The physics makes the math much clearer and easier to understand since it makes it more clear why it matters. Whether you like math or not, it is nice to have something to make it come alive, and there is no question that physics does exactly that. In a similar vein⦠3) It strengthens problem solving skills There is no question that every person needs the ability to solve problems. Every job, from the most physical manual labor, to the most menial desk job, to being the CEO of a company requires that the person doing the job is able to solve problems. Physics strengthens this skill. When you start in on a physics problem, the first step is to realize what you already know. Every problem in a textbook or in a lab requires that you evaluate what you know about the problem. From there, you must decide how you will apply that information to solve the problem at hand. Sometimes your first intuition turns out to be incorrect and you must start over, but that is all part of the process. This series is not unique to physics, but by studying physics, you can strengthen those skills for the jobs you will be doing later in life. 4) Physics paved the way for all of our current technology The fact that you are reading this right now is a marvelous achievement of physics. The discovery of electricity lead to the study of electronics, which led to the study of transistors and semi-conductor physics, which led to computers as we know them. Every piece of technology that we use has physics to thank for its creation, whether that be directly as in the case of computers, cell phones, and cars, or indirectly as in the case of clothes, the mass production of which would be impossible without physics. Understanding the basics of how these things were made can deepen your appreciation for the marvels that we use every single day. 5) It gives you perspective Finally, physics can give you perspective on this universe that we live in. On an ordinary day, we see a very small portion of a small planet in a solar planet that is one of 100 billion stars in the Milky Way Galaxy, which is one of 30 galaxies in the local galaxy group, which is one of over 100 groups in the local supercluster, and we donât even know how many superclusters there are. The universe is a huge place that we see very little of, but, with physics, can understand a large portion of it. But, physics doesnât just give us perspective on how small we are. Physics also gives us insight into the incredible complexity and intricacy of even the smallest structure. It is estimated that 5 million million atoms would fit on the head of a pin. There are 133,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 atoms on the earth. Everything we see is an incredibly complex compilation of billions upon billions of atoms interacting with each other. There is a great beauty in this, and it would not be known without physics. Physics is an incredible science. Though it can be difficult to understand at times, it gives the kind of knowledge, skills, and beauty that no other subject can provide.
4 Steps to Choosing the Right SAT Test Prep Program
4 Steps to Choosing the Right SAT Test Prep Program While a solid GPA, vigorous course load, letters of recommendation and quality essays are important components in an admissions officerâs decision, experts say that SAT and ACT test scores remain at the top of the list when it comes to gaining acceptance.As the college application pool continues to grow, standardized test scores have become an essential quantitative measure of a studentâs college readiness, saysAshish Rangnekar, CEO and co-founder of test preparation companyBenchPrep.âAs much as these admissions committees are getting better at assessing a studentsâ readiness for college, the actual test scores remain the single most important factor,â he says. âGiven the level of competition and awareness, the importance of this singular factor is causing a lot of anxiety and pressure on the student population.âThe College Boardreports that nearly three million students take the SAT each academic year, and more than 1.66 million students in the high school class of 201 2 took the SAT at least once during high school.Not only are exam scores an important factor in the admissions process, they are also frequently used to determine merit-based financial aid and scholarships, says Chuck Cohn, founder and CEO ofVarsity Tutors.âAchieving your best possible score on either exam can mean all the difference in getting into your school of choice and having the financial means to pursue your dream,â he says.The College Boardreports that thoroughly preparing for standardized tests can increase the chances that students will reach their goal score the first or second time around, especially considering there is no evidence that taking the SAT more than twice results in significant score gains.Here are four steps families and students should take to find the right fit when it comes to preparing for the SAT/ACT.Step 1: Evaluate How Much Prep is NeededThe best way to determine the level of support a student needs to prepare for standardized tests is to take a n entire timed practice exam and score it, recommends Cohn.SAT and ACT test prep should cover test-taking strategies, subject-area knowledge, and critical-thinking skills.âTaking a practice exam enables students to ascertain their specific challenges and weaknesses, and how many points they need to increase their score to an adequate level,â Cohn says. âStudents can focus test preparation on only the area(s) where they need the most help and choose a course or personalized tutoring service accordingly.âStep 2: Know a Studentâs Learning StyleExploring test prep options with a studentâs learning preferences in mind can directly affect their level of commitment when it comes to devoting the time and effort needed to prepare.âThe student is not going to see the results if theyâre actually thinking of it as a burden on themselves, if theyâre not engaging with the program, if theyâre not liking the interface and the interaction with the tutor, the book or any of the op tions--itâs not going to work,â says Rangnekar.Researching a variety of outlets such as online programs, study apps and more one-on-one personalized tutoring options can help families identify the right choice, says Jerry Slavonia, CEO ofCampus Explorer.âParents should read reviews of test prep tutors, classes, websites and apps to help decide which combination of resources is best for the student and his/her learning style,â he says.Step 3: Compare CostsDepending on a studentâs preferences and level of preparation needed, there are a wide range of costs for families to consider before committing to a program.âThey can buy a book that will cost them around $50 or they can hire a tutor that is going to cost them $50 per hour [for] a 20 hour test prep program so weâre talking about $1,000 to $2,000 for tutoring,â says Rangnekar. âThere are online programs that I believe provide the most flexibility and are way more affordable than the tutoring programs, and they woul d be somewhere in the vicinity of $300-$500.âFamilies should inquire upfront about additional fees and add-on costs such as books and other learning materials, suggests Cohn.Step 4: Create a Plan of ActionA major part in successful standardized test prep is the legwork students must put into studying material and completing practice exams on their own, says Slavonia.âTaking an SAT/ACT prep course can really help students understand the test and how to take it well, but if they do not continue to practice the techniques on a regular basis with practice tests at home, they will not improve their testscores or skills nearly as much as theyâd like,â he says.Cohn suggests that students begin prep two to three months prior to taking the exam and clock between 12-15 hours of total prep weekly.âCreating a well-devised study plan adapted to the learner is one of the most critical steps to being adequately prepared for any standardized test,â he says. âIt takes the anxiety, stre ss and late-night cramming out of the equation to ensure you have the confidence and know-how to perform your best.â
Thursday, March 5, 2020
What You Need to Know About the Athens Georgia Tutoring Zone
What You Need to Know About the Athens Georgia Tutoring ZoneThe first thing you should know about the Athens Georgia Tutoring Zone is that you don't need to be a great student to use the facility. The facility is basically for people who have some experience with computers and are at least partially proficient in English.This way, you can use your own English and computer skills to help those who are less than proficient. While it's not the best way to get a good education, it will give you some experience with using the Internet and possibly other programs as well. It's also very helpful if you are not really good at talking to people, since the students here are going to be sitting in front of you for a while.Tutoring in this school will get you what you need out of your online education experience. This particular program at Athens Georgia University gives you several benefits that your school or online degree program at another university may not offer. While it doesn't offer the kinds of privileges and amenities that a traditional campus environment would, it has a great deal of benefits that some traditional institutions don't.One of the most common reason that people enroll in an online program is because they want to finish their education without having to come back and face another set of students. With traditional programs, students often have to return to class and face the entire day and usually another semester before they can finish. However, by staying at home and learning from someone else, you can work through your classes and avoid all of this.The school also gives you the opportunity to take a break from school. There are times when you can actually go home after taking a week off and do nothing else but get your work done and then study. At the same time, you won't have to worry about moving back to your home and face the pressure of having to cram all of your classes.If you're not a native English speaker, you can also use the facility to get your diploma in English. This is another benefit that most institutions don't offer, but is something that's incredibly important to any university that wants to keep their international students. Without a diploma, many students cannot pursue an advanced degree and become successful, creative professionals.Tutoring in this school is going to take you a couple of months, so you can see whether it's right for you or not. It's possible that this institution might not be right for you, but it's a great one to check out if you want to try to make sure that you stay enrolled at your online school.
Free Online Calculus Tutor - What You Need to Know
Free Online Calculus Tutor - What You Need to KnowAre you considering enrolling for a free online calculus tutor? If so, you need to have a few things figured out before actually starting your search.First of all, there are many variables that you need to consider before you actually start a learning process. You must first determine the length of your study, whether it is for an online math tutor or online university math tutoring. This will be important for you to know if you plan on doing calculus online. You also must decide on the extent of the program you want to enroll in.You also need to think about whether you are looking for a calculator online tutor or an online mathematics tutor. Many people look for a computerized calculator, but they may not be familiar with the concept of a 'Computerized Calculator'. Therefore, before you begin your search for a program, make sure you understand what a calculator online tutor is and whether you really need one.Another important conside ration when choosing an online tutor is how much money you want to spend. If you can't afford a decent tutor, you'll be better off using your calculator to solve the problems you need to.When you are ready to select a tutor, make sure that you check on reviews. Find out if the person giving the review is verified, licensed, or accredited and that they are not the same person who gave them the review.Once you have found the actual tutor, you need to ask about their background. Do they have any complaints against them? Or does the tutor have a professional association or any recognized accreditation?As you can see, there are several factors to consider when finding a free online calculus tutor. Since so many people are starting their education through online learning, this is an excellent time to learn about the subject.
Avoid Your College Bookstore
Avoid Your College Bookstore Nearly all colleges have bookstores located on or close to campus. And every single one of them is a lot more expensive than it needs to be. A lot of these bookstores are affiliated with the university. These bookstores know what books the professors assign, and they usually have those books in stock. However, they understand that they have little to none competition, granting them the liberty of jacking the prices up. They know students will buy books there because they have a dearth of other choices. However, online book buying Web sites, like Amazon.com or half.com, offer less expensive alternatives. With Amazon, students can buy from Amazon itself or other sellers. People post used/new books, their condition and their prices. Students can simply electronically purchase the books, and the seller will ship it. Students can expect to save anywhere from 40-70% from buying textbooks with Amazon, compared to prices at college bookstores. Also, students can sell their used books on Amazon for nearly the same price they bought them for. However, Amazon takes up to 15% commission on all sales. Sometimes selling a book back at the bookstore could make you more money, but you can always check both sources before selling. When you sell a book, you name your own price and its condition; then if someone buys it you ship it to them. Its a very simple process. However, shipping can take anywhere from three days to three weeks, and usually the seller determines the method of shipping. If one buys a book from Amazon itself shipping usually takes no more than three to five days. But, purchasing from another seller through Amazon which is always much cheaper can take a few weeks for shipping. The extended shipping times can cause problems; however there are many ways to avoid them. Students can email their professors a couple weeks before the quarter starts, inquiring about which textbooks they use, and purchase them early. Students could also check their colleges library and rent out the textbooks they need; then return them when their Amazon books arrive. Also, students could order their books online, buy the same book from the local bookstore and return it for a full refund when their books purchased at Amazon arrive. College bookstores usually have a deadline around three weeks into the quarter, which gives your books just enough time to ship. Also, students should ask around to see if anyone has the textbook you need lying around in their room. They will probably let you borrow it for your semester. Students could even start a facebook group with other students at their college. Create an open group for exchanging and borrowing textbooks. This could be a great way to borrow textbooks from your fellow students for free. Most professors do not care how students acquire their books, and some even recommend that students do not buy them in bookstores to save money. Some professors might even suggest students buy the textbook at the bookstore, copy all the pages they need to read from it; then return it for a full refund. With all the options readily available to save or even get free textbooks it makes zero sense for a student to buy one at the bookstore. This is not a pledge or a rally to encourage students to boycott their bookstores. They probably sell wonderful pencils and staples, the absolute finest. We are just trying to introduce you to saving thousands of dollars in your years as a college student. College kids are always as broke as they will ever be in their lives. Now, hopefully, you might have a little more spending money.
The Value Of A Masters Degree
The Value Of A Masters Degree A Masters degree traditionally carries an honorable, intelligent and prestigious clout; however, the value of this clout is a moot point. To some, a Masters degree is a sign of intellectual superiority, but to others it could simply be a framed piece of paper that needs to be dusted regularly. There are many pros and cons to pursuing a Masters degree, and it would be wise for students to make the decision of whether they will pursue one early. As the economy plummets, the interest in graduate programs increases. Mark Taylor, chairman of the religion department at Columbia University, wrote a testimonial published online through The New York Times. Taylor claimed that only 19 percent of students from the 2009 graduating class found jobs immediately out of college. He wrote that many young people in the professional workforce are fired early into their careers. These people, along with the graduating students unable to find jobs, will consider earning a Masters degree. Taylor warned students of the excessive costs of pursuing a sometimes worthless Masters degree. As a lifelong educator, I believe more education is always a good thing, but buyers must beware, wrote Taylor, who is the author of Field Notes From Elsewhere: Reflections on Dying and Living. Far too many students come out of college with substantial debts that plague them for years. He also noted that the situation is different for every student. Some graduate degree programs can be very helpful for certain careers but many are not, wrote Taylor. And, remember, what is most interesting is not always most practical. Be sure you consider your motives and goals carefully. Do not simply assume that another degree after your name is going to open doors. Stephen Joel Trachtenberg, president emeritus and professor of public services at George Washington University, also wrote a testimonial to The New York Times. He wrote that a Masters Degree is an upgrade. If you originally matriculated at a college you are vaguely uneasy about, taking an M.A. at a more elite institution allows you to kick down and kiss up, henceforth letting you tell people you went to school in New Haven, wrote Trachtenberg. And it does, of course, ornament a resume indicating academic sitzfleisch the ability to keep your behind in a chair in a diligent manner. He also argued that a Masters Degree allows one to alter directions in ones career. Trachtenberg wrote that it is absolutely makes sense for a student to pursue a Masters Degree in a bad job market only if the programs cost is not too steep for that particular student. Liz Pulliam Weston, personal finance columnist for MSN Money, agreed with Trachtenberg arguing that Graduate school has traditionally been a great place to wait out recessions while honing your skills for a better job. But sometimes, the payoff doesnt justify the cost. She outlined the benefits of certain degrees. She found that people with associate degrees earned more than those with a high school degree. She noted that a Bachelors degree at an inexpensive college is well worth it, and she discovered that professional degrees in law or medicine lead to a big payoff. She wrote that a Masters degree in business or engineering fields enhances ones income. However, in the liberal arts and social sciences fields do not augment ones income. She also warned that students must be able to pay off their debt from graduate school. Otherwise, you could quite literally spend the rest of your life scraping to pay off your debt, wrote Weston in her testimonial. I hear from too many readers who have six-figure student loan debts and $40,000 incomes. They cant save for retirement or buy a home; some cant even pay the minimums they owe on their debt. She also noted that students should take advantage of federal, student loans and not private loans because federal loans offer more protection. I recommend students borrow no more for their educations, in total, than they expect to make the first year out of school, wrote Weston. Weston is the author of Easy Money, Your Credit Score and Deal with Your Debt. Richard Vedder, director of the Center of College Affordability and Productivity and teaches economics at Ohio University, defended the Masters degree. He noted that young adults with Masters degrees earned about 15 percent more than those with a bachelors diploma. The lifetime earnings gains for the second degree should reach into the low six digits, wrote Vedder in his testimonial to The New York Times. For many, the rate of return on the added college investment therefore should be reasonably high and it beats unemployment or working in a low-skilled, low-wage retail trade job. However, Vedder noted that the earnings will depend on the field of study. He raised the opportunity cost point that a student would face. The student could potentially forego two years in the workforce making money while pursuing a Masters degree. He wrote that attaining a Masters degree could cost a student up to $100,000. Ultimately, there are many reasons why students may choose to pursue a Masters degree. Students should know their Master degrees potential worth, and if they can afford its cost. In 2008, 65.6 percent of undergraduate students gaining a 4-year Bachelors degree accumulated some debt. The average debt for these students was $23,186, according to FinAid.com. 86.3 percent took out federal loans, and the average debt for students with federal loans was $24,651. The average, accumulated debt rose by $1,139 at a 5.6 percent increase since 2004, according to FinAid.com. FinAid also reported that graduate and professional students face larger debt, ranging from $30,000 to $120,000 for a graduate degree. The median debt for a Masters degree is $25,000. A doctoral degrees debt is $52,000 and professional degrees debt is $79,836.
Why Focus on Leadership Skills - Introvert Whisperer
Introvert Whisperer / Why Focus on Leadership Skills - Introvert Whisperer Why Focus on Leadership Skills? You may have noticed I have a focus on Leadership and I think many people think that means I only work with executives and managers. I can understand the implication but thereâs a bigger purpose for that focus which directly affects you â" in a very big way. I focus on Leadership skills for two VERY important reasons: Exhibiting leadership skills is the fastest path to promotions â" regardless of your position, level or career aspirations. Leadership is sorely needed in every group and is in seriously short supply. Thatâs why there are so many poor managers out there making life miserable for their subordinates. If you think about both of those goals it amounts to more pay, greater success and career satisfaction. Who wouldnât want those things? We all do! Some people think getting a promotion is primarily a factor of time. If you do your job long enough you will get more pay and a high position. I wonât kid you; it is a factor as statistics reflect it even in businesses that have what they consider a meritocracy (pay for performance). However, for those rare few people that demonstrate leadership skills, they accelerate the process of promotion. Why is promotion accelerated for people with leadership skills? That type of person becomes a clear stand out in an ocean of âmediocreâ co-workers. In my 21 years managing at Intel and 9 years as a coach, Iâve observed that very little is different from one group to the next. Very few people do anything to distinguish them from the others. Most people perform the job and contribute little more than what I would call the âminimumâ to get by. Yes, most people want to think they are rock stars but rarely do anything to ensure they are. What Iâve said might sound negative or insulting but mostly itâs just a fact of life. Its how âmost people are most of the timeâ. The good news is that with very little extra effort, you can be a standout rock star that managers dream of having in their midst. You will make yourself easy to promote because you are doing things that are more than the bare minimum. You are the dream employee and for that you will get richly rewarded. Hopefully, Iâve made my case. Even if you have no aspirations of leading the charge, we all have times when we have to step up and be a leader. Why not capitalize on leadership skills and give you paycheck and level a âliftâ? Go to top Bottom-line â" I want to help you accelerate your career â" to achieve what you want by connecting you with your Free Instant Access to my 4 Building Blocks to Relationships eBookâ" the backbone to your Networking success and fantastic work relationships. Grab yours by visiting here right now! Brought to you by Dorothy Tannahill-Moran â" dedicated to unleashing your professional potential. Introvert Whisperer
What Are The Golden Rules Of Accounting
What Are The Golden Rules Of Accounting What Are The Rules That Every Accountant Must Follow? ChaptersWhat It Means To Be A Professional Account Or Certified AccountThe Golden Rules Of AccountingMore On The Principles Of Accounting DevanshAccounting Teacher 4.90 (31) £40/h1st lesson free!Discover all our tutors OmarAccounting Teacher 5.00 (10) £40/h1st lesson free!Discover all our tutors JaniceAccounting Teacher 4.80 (5) £50/h1st lesson free!Discover all our tutors DorothyAccounting Teacher 5.00 (7) £40/h1st lesson free!Discover all our tutors AmirAccounting Teacher 5.00 (5) £80/h1st lesson free!Discover all our tutors BickyAccounting Teacher 5.00 (58) £50/h1st lesson free!Discover all our tutors NaimishAccounting Teacher 5.00 (5) £20/h1st lesson free!Discover all our tutors MikeAccounting Teacher 5.00 (6) £35/h1st lesson free!Discover all our tutorsWhat It Means To Be A Professional Account Or Certified AccountA Certified Public Accountant, i.e. someone who has successfully trained in accounting and taken their relevant CPA exam, is in charge of maintaining a nd monitoring financial records at a firm. So what is accounting and what do accountants do exactly?As well as being able to organise the above factors, accountants in business also must be able to correctly read and interpret what these records mean in order to communicate them widely.Any job description for an accounting position will dictate complete compliance with all government regulations and accounting principles.In many cases, these individuals are called upon on a consultancy basis to give professional and valid financial advice to company leaders individual clients, so it is vital that they offer unbiased, accurate information.Bookkeepers play an important role in preparing tax returns for companies or individual clients, with the time during which they are preparing tax returns quite demanding (tax returns are usually due for submission by 31st January). In most cases, however, CPAs work on a full-time, 9 until 5, basis.What Does It Take To Work In The Industry?While jo b requirements and descriptions may be tailored to a particular role looking to be filled, there are general characteristics and responsibilities all CPAs share.Professional accountants must have very high attention to detail, for example, and understandably be great with numbers. They also must understand and put into practice the accounting principles and accounting procedures in order to remain legally compliant (to protect themselves and their client from any unlawful activity), i.e. they will have a responsibility to prevent fraud or theft, and maintain accurate financial information for their employer or clients.With technological changes that are taking off in many corporations, anyone wishing to work in an accounts team must have good technical skills and be able to manage a number of accounting programs and pieces of software (not just Excel spreadsheets), particularly major accounting software such as QuickBooks or Sage.Accounting professionals must take an ethical approac h, abiding by the rules that govern the industry. Photo on Visual huntThe Golden Rules Of AccountingAs you'd expect with a field that is determined by accounting procedures, there are some rules that every accounting professional must follow when performing their tasks and duties. But while they may appear simple, they aren't always as straightforward as accountants and their clients would like.The golden rules have been listed below:The Three Golden RulesTaken from Management Study Guide.Debit The Receiver, Credit The Giver This principle is used in the case of personal accounts. When a person gives something to the organization, it becomes an inflow and therefore the person must be credit in the books of accounts. The converse of this is also true, which is why the receiver needs to be debited.Debit What Comes In, Credit What Goes Out This principle is applied in the case of real accounts. Real accounts involve machinery, land and building etc. They have a debit balance by default . Thus when you debit what comes in, you are adding to the existing account balance. This is exactly what needs to be done. Similarly, when you credit what goes out, you are reducing the account balance when a tangible asset goes out of the organization.Debit All Expenses And Losses, Credit All Incomes And Gains This rule is applied when the account in question is a nominal account. The capital of the company is a liability. Therefore it has a default credit balance. When you credit all incomes and gains, you increase the capital and by debiting expenses and losses, you decrease the capital. This is exactly what needs to be done for the system to stay in balance.Accountants, particularly those concerned with bookkeeping, must be aware of the golden rules of accounting. Photo credit: HloomHloom on VisualHunt.comThe golden rules of accounting allow anyone to be a bookkeeper, so long as they understand the types of accounts and then diligently apply the rules.For instance, if they are confident that their figures are correct, self-employed individuals can do their own bookkeeping if they so wish, either submitting the details to HMRC themselves or paying an accountant to prepare the return and submit it.The system of debit and credit is a fundamental rule of bookkeeping. It is very useful, however, it is also quite impractical to use in reality.It is, for this reason, that a qualified employee may be required to offer advice on people's accounts, especially if they have a lot of income or expenditure, or both, or if they have multiple sources of income.Because many small to medium businesses employ junior level clerical staff to keep their many admin databases running, the golden rules of accounting were devised to assist these low-level teams and ensure that records were kept up to date for accountants to employ or refer back to when carrying out important financial tasks for management.More On The Principles Of AccountingFor those studying the principles of a ccounting or who are interested to know more about the terms used within the financial industry, below are some keywords and useful phrases to be aware of.Monetary UnitIn accounting, values all need to be recorded in terms of a single monetary unit or currency, i.e pounds and pence.One financial record should not contain a mixture of different currencies, all units should be converted into the same monetary unit for the purpose of understanding and analysing the file or document. Assigning values or symbols to goods and items is also a problem since it is subjective.The monetary unit principle adopted by accountants also assumes that the value of the unit of currency in which you record transactions remains reasonably stable over time.Principle Of ConservatismAccountants are said to be very conservative, i.e. they are sensible and prepared for the worst. Whether or not they want to hope for the best, they will never give false hope to their clients and will always display informatio n as it is. This is as per the rules that have been created for their profession.The principle of conservatism dictates that when there is doubt about any given figure, the organisation in question must state the lowest possible revenue and the highest possible costs to cover themselves. Such conservatism is the best plan of action for the company as it helps the management be better prepared for any forthcoming financial crises.When in doubt, accountants are taught to present the worst case scenario to avoid a financial crisis. Photo on VisualHuntTake accounting lessons with a private tutor on Superprof.Cost PrincipleClosely related to the above, the cost principle advocates that companies should list everything on the financial statements at the cost price, despite the fact they may appreciate in price. Assets like land and building, gold, etc are the most common but this increase in value cannot be reflected on the financial statements of the company until this appreciation is co mplete and realized.Accountants are of the belief that the market value of anything is just an opinion, and they cannot work on the basis of opinions because there are many of them and everyone's opinions differ. The sold price of something can be taken as fact since someone has already paid for it at that figure. Hence accounting works on cost principle and therefore on facts only, not opinions.Full disclosure principleThis is yet another one of the concepts making up the suite of accounting principles, and which states that you should include in or alongside the financial records and statements of a business all of the information that may impact a reader's understanding. This means that anyone looking at the records can get the full picture.Time period principleThis concept may be the most obvious but it is also highly important. It states that a business should report the results of its operations over a standard period of time, in order to create a standard set of comparable pe riods, which is useful for analysing trends in the data.Of course, there are many, many more principles that make up the accounting handbook, or suite of accounting principles. You can find out more by visiting the website named Accounting Tools.Find out about the principal accounting institutes here.
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