Monday, January 27, 2020

School Shootings in Atlanta: Causes and Solutions

School Shootings in Atlanta: Causes and Solutions Gun violence and gun control have become a highlighted issue within the United States. In recent years there has been a vast increase in young adults engaging in gun violence, or being caught up in such conflict, particularly within schools. The issue of school shootings has become a major problem within the city of Atlanta. However, with more lives being at potential risk, there has been controversy debates over what causes such incidences and what can we do as a society to solve the problem. It is evident that in order to decrease school shootings the law and community need to work together by limiting or monitoring the accessibility of firearms, identifying risks of violence and providing the correct resources to students that are a potential risk. The spread of school shootings within the United States is at an all-time high. Granting they don’t make up a large percentage of youth violence overall, they are traumatic proceedings for society as a whole. Although the first shooting leads back to 1764, the Pontiacs rebellion school massacre, where 11 people were killed at a schoolhouse in Pennsylvania, the rise of statistics within the last 5 years have been drastic and show a growing trend to a problem within the US. Research states ‘‘Since 2013, there have been more than 300 school shootings in America — an average of about one a week’’ (Everytown). However, the appearance of guns alone or threats of violence is even higher. Statistics are only calculated for the recorded gunshots fired on school grounds or fired within a school during school hours. They do not include incidents where guns have been brought into school without being fired or shootings outside of school hours (Patel). With the ongoing rise in school shootings in the United States as a whole, Georgia ranks one of the highest states for such incidences. Gun violence as a whole has become a major issue in the south, particularly Georgia. Judd states that’s ‘’Georgians are more than twice as likely as New Yorkers to be killed in a shooting. The death rate exceeds even that of Illinois.’’ With the 13th highest death rate, most of those deaths occurred in Atlanta (Judd). Since the sandy nook shooting in 2012, when a gunman shot and killed 20 children and 6 adults with a firearm, Georgia has been the second leading state for school/college shootings, behind Texas, with a total of 23 incidents resulting in either deaths or injuries. At least 5 of those incidences were in Atlanta alone (Karishnakumar). The reason for school shootings follows a controversial debate amongst society. However, it can not go unmentioned that easy gun access is one of the most influential causes. Some will argue gun control is the sole factor in school shootings, others will argue its not the gun, but more so the individual that posses it. Americas love for guns dates back to the second amendment, which give the ‘right to bear arms’.   Originally implemented for the militia, the Supreme Court revitalized it allowing guns in homes for self-defense (Cornell law school). With this in mind, there are approx 300 million guns statewide. With a population of just over 300million, that is roughly an equal amount of guns to persons. However, only one-third of the population own guns, meaning that more than one is held in each of those households (BBC). Household gun ownership is high particularly in the south. Studies show that ‘‘Across the South, 38 percent of households have a gun — compared with 35 percent in the Midwest, 34 percent in the West and 27 percent in the Northeast’’ (Simonton). With this high rate, it makes it very easy for young adults to have access to guns, with or without an adults knowledge. Friedman states that ‘‘The American Medical Association reports that between 36 percent and 50 percent of male eleventh graders said they could easily get a gun if they wanted to’’ (90). Further reasearch also states that ‘‘over two-thirds of students who used guns in violent acts at school got those guns from their own home or that of a relative’ (Erwin). This is likely because the gun was not stored away and unloaded, not because the young adult has freely been given it. However, it shows that there are definite links between household gun ownership and gun violence. Besides the fact that guns are easily accessible within homes, there are over 50,000 gun stores in America making a purchase of a gun an easy task. Within Georgia, the purchase of a gun is very simple. You do not need a permit to purchase a firearm, and you do not need to register the firearm once purchased. However, there are some laws on age restrictions. To buy a handgun statewide the consumer must be at least 18 years old, however in Georgia for an unlicensed person to sell a long gun there is no age restriction (Laws). This is a serious issue as it means that children of any age are able to obtain and have access to a gun without any consequences. With these statistics in mind its safe to say that the easy access to guns plays a huge role in gun violence within schools, however, they are not the only factor that contributes to such incidences. With the many school shootings that have taken place over the years, we try to look at all specific causes and whether there are links between the causes. The media plays a huge role in trying to convince society that there is a specific cause of all school shootings. However, there is no specific profile that fits the motivation of a shooter. Often there does seem to be links between school shootings and a specific factor, but this is not in all cases. Friedman states ‘‘ 66% of shooters interviewed after the attack felt they had been bullied or threatened by classmates and said that was their main reason for shooting others’’ (90). However approx. 1 in 5 children report being bullied in a given year, yet show no signs of violence or such crime (De La O). Although bullying may worsen problems for youth, physically and emotionally, there is very little evidence that alone it is the cause of gun violence. Society often singles out an issue like mental health, revenge, the culture of violence, drug and alcohol abuse, as well as various social problems as the cause. However although many of these factors can be associated with a shooter, it is very hard to say that one alone fits that of every shooter. When we look at all these issues we see that many young adults experience at least one of them, yet don’t commit such a crime. On the other hand, a mix of these factors could be a possible cause and its important that society pays close attention to an individual that may encounter several of these issues to prevent anything further happening (Friedman 52). It is important as a community that everyone works together, including the law, public health, schools, peers, parents, and teachers in order to prevent school shootings from happening. Such proactive procedures include watching for warning signs and identifying and reporting them. This will help a student early who is showing potential risk factors. In most cases, it is apparent that previous to a shooting someone is aware or shown signs that a shooter has plans of an attack. Duplechain and Morris states â€Å"In more than 80% of the cases [he studied], at least one person knew the attacker was planning something; two or more people knew in almost 60 percent of the cases† (146). Most shootings are premeditated and at some point, there is a chance that the shooter has either shown attack-related behavior or discussed the event with someone, whether something is said as a joke or said on a serious matter. In previous shootings, this has occurred. In the Columbine school shooting, the shooter prior to the event wrote a paper on a male who was planning a school shooting, as well as writings journals with all their plans in for the shooting (Gumbell). Nobody at the time thought anything of it, yet it was a significant sign as to what was going to be carried out. This being said, it is very important that students, teachers, parents and all listen and watch for signs and act accordingly. Reporting such suspicions could be crucial in preventing an attack. As well as watching for signs a solution to prevent school shootings is to Work together to provide strategies and the correct resources for students. Sometimes for parents it can be hard to come to terms with the fact their child has a mental health issue or behavioral issues, however, it is important that they get their children the help needed. It is also important that schools provide resources. School counselors pay a pivot role in providing counseling groups to provide tools to deal with emotions, anger, grief, and loss as well and mental health problems. They help support a child in making changes in their life addressing the topics that most concern them (Paolini). With the correct support available and the communities willingness to watch and report suspicions, school incidents could be prevented in the future. However with this in mind, the role of the law is also very important. Stricter gun laws are substantial in reducing gun violence. In the state of Georgia, there are very little restrictions on gun laws. As a state, they allow sales of a gun without a permit or without processing through the federal firearms license, Mentally ill individuals are also removed from the database after 5 years without a reassessment from doctors. This meaning that after a person passes the 5-year mark they are then illegible to purchase or sell a gun, even if they have not been assessed by a doctor to say they are now mentally stable (Cook). Unlike other states, Georgia also sticks with the federal age restriction of 18 to buy a gun, whereas many other states have reassessed age restrictions and moved it to 21.   These weak laws make it very easy for a young adult or mentally unstable individual to acquire a gun.   Many will also argue stricter gun laws will not help reduce school shootings, however, research shows otherwise. When comparing the US to other rich countries with stricter gun laws, there is a huge difference in the homicide rate. Statistics show that ‘‘The number of gun murders per capita in the US in 2012 the most recent year for comparable statistics was nearly 30 times that in the UK, at 2.9 per 100,000 compared with just 0.1’’ (BBC). When looking at the US solely, research also shows that those states with stricter gun control have less gun related deaths. After a law passed in Connecticut in 1995 making it more difficult to buy a handgun the number of homicides reduced by 40%. This law included purchasers having to obtain a license from the police in person as well as passing a background check before being accepted for a sale (Lachman).   All of this research shows that stricter gun laws are a solution towards less gun violence and unless Congress and the government make some amendments, then school shootings are going to continue to occur. It is evident that school shootings are a major issue within Atlanta and America as a whole. With a vast and continuous increase over the given years its important that both the law and community work together to help stop such incidents occurring. Research proves that there is no specific profile for a shooter, however, it is important as a community to watch out for any signs of potential risk, report them and provide students with the correct resources. This and stricter gun laws allowing students access to guns more difficult will help decrease gun violence.   References BBC. ‘‘Guns in the US: The statistics behind the violence.’’ BBC News, 2016, http://www.bbc.com/news/world-us-canada-34996604 Cook, Rhonda. ‘‘Georgia clears way for mentally ill to buy guns.’’ Myajc, 2018, https://www.myajc.com/news/local/georgia-clears-way-for-mentally-ill-buy-guns/agHJKZW8LiqVI4mu1GQmLJ/ Cornell Law School. ‘‘Second Amendment.’’ LLI/Legal information Institute, https://www.law.cornell.edu/constitution/second_amendment De La O, Maria. ‘‘School shootings are about more than bullying.’’ The Washington post, 2013, https://www.washingtonpost.com/blogs/she-the-people/wp/2013/10/25/school-shootings-are-about-more-than-bullying/?utm_term=.6be5672995ae Dupllechain, Rosiland, and Robert Morris. ‘‘SCHOOL  VIOLENCE:  REPORTED  SCHOOL  SHOOTINGSAND  MAKING  SCHOOLS  SAFER.’’ Galileo, Vol. 135, no. 2, pp.45-150. Erwin, Nicole. ‘‘In wake of school shootings, a look at how kids get guns.’’ Ohio valley resource, 2018, http://ohiovalleyresource.org/2018/01/24/in-wake-of-school-shooting-a-look-at-how-kids-get-guns/ Everytown. ‘’The long shameful list of school shootings in America. ’’ 2018, https://everytownresearch.org/school-shootings/ Friedman, Lauri. School Shootings. Greenhaven ,2010. Gumbell, Andrew. ‘‘The truth about columbine.’’ The guardian, 2009, https://www.theguardian.com/world/2009/apr/17/columbine-massacre-gun-crime-us Judd, Alan. ‘‘Youre twice as likely to be shot to death in Georgia than New York (and other gun violence facts).’’ Myajc, 2017, https://www.myajc.com/blog/investigations/you-twice-likely-shot-death-georgia-than-new-york-and-other-gun-violence-facts/Kdk3MXsowc6ASzmd15o2QN/ Krishnakumar, Pray. ‘‘Since Sandy Nook, a gun has been fired on school grounds at least once a week.’’ www.Latimes.com, 2015, http://www.latimes.com/projects/la-na-school-shootings-since-newtown/ Law. ‘‘Minimum age to purchase and possess.’’ Giffords law centre to prevent violence, http://lawcenter.giffords.org/gun-laws/policy-areas/who-can-have-a-gun/minimum-age/#federal Lachman, Samantha. ‘‘Conneticut gun control law sharply reduced gun-related violence, report says.’’ Huffpost UK, 2015, https://www.huffingtonpost.com/2015/06/12/connecticut-gun-control-_n_7570852.html Paolini, Allison. ‘‘School Shootings and Student Mental Health: Role of the School Counselor in Mitigating Violence.’’ Councelling.org, 2015, https://www.counseling.org/docs/default-source/vistas/school-shootings-and-student-mental-health.p Patel, Jugal, K. ‘‘After Sandy Hook, More Than 400 People Have Been Shot in Over 200 School Shootings.’’ NYtimes.com, 2018, https://www.nytimes.com/interactive/2018/02/15/us/school-shootings-sandy-hook-parkland.html Simonton, Stell. ‘‘Guns in school:Georgia has most shootings since Sandy Nook.’’ America.Aljazeera.com, 2015, http://america.aljazeera.com/articles/2015/1/29/gun-lax-georgia-has-most-school-shootings-since-sandy-hook-massacre.html Stages in responding to disasters: Floods Stages in responding to disasters: Floods Responding to Disaster: Floods Effects of Natural and human made disasters are devastating and this calls for competent mental health professionals to provide for disaster relief services to the victims. Victims of flood disasters respond differently depending on their personal experience. In our case, people are warned about the impending danger of flood disaster but some fail to respond at all. Even after the flood disaster, others return to reconstruct their houses and belongings. This means that the type of intervention to be applied should be culture based. The following intervention strategies, marked with stages, would be applied to the victims of the flood disaster. Impact Immediately after the flood strikes, the survivors panic, are confused and cannot think at that moment (Gilliland, James, 2013). Adults are desperately searching everywhere, looking for their missing family members. Victims are exposed to horrors of the aftermath and they are surrounded by death and devastation. It is indeed a time of agony. At this stage, an appropriate intervention would be an emotionally driven Psychological intervention strategy. This strategy helps the individual to recollect themselves and to start focusing on the way forward. Emergence/acute heroic stage After the aftermath, survivors start saving and collecting what they can. It is a â€Å"counting the loss† phase. At this stage, I would recommend for physiological responses as the intervention is focused on physical damage such as loss of property, injuries, geographical displacement, and anger due to the aftermath loss incurred (Gilliland, James, 2013). I will engage in emotionally driven talk with the victims in order to help relief their anxieties surrounding their crisis. I will also provide emotional help on how individuals can recover their property and probably their beloved family members. Inventory stage This is the recovery phase. In this stage, survivors are slowly accepting the realities of life. I will engage in method in which individuals can utilize their abilities in seeking for employment for survival. I will engage in cognitive-behavioral intervention skills and try to convince the survivor on danger of living such vulnerable places (Benedek, Fullerton, Ursano, 2007). The idea to change their perception about the place and make them understand the Government’s warning about the place. Honeymoon stage At this stage, the victims are worried about their financial recovery. This come after one to three months post the flooding disaster. It is a stage of rebuilding. I recommend for cognitive coping strategies in order to help the survivors see the sense of moving from the vulnerable to other places. Coping skills are helpful in enabling the victim change their environment to move on with their normal lives. Avoidance phase At this phase, I will recommend for psycho-social intervention skills. The aftermath effects are coupled with loses, causing psychological disturbance and sometimes lead to Posttraumatic stress disorder (PTSD). With Psycho-social intervention skills a victim can slowly forget about the disaster and start focusing on other things through social life. Adaptation phase Adaptive phase depends on the victim’s resiliency. Resilient people tend to recover faster. In that regard, I will recommend for cognitive-behavioral responses in order strengthen the victims by making them recognize how strong they are. Positive behavioral skills can also influence positive change and hence influence adaptive skills; that the victims can do without their lost ones. Disillusionment phase Disillusion can prevent victims from adapting to their environment. Anything attached to the previously experienced flooding disaster will likely arouse the traumatic experience. To help victims recover from this problem, I will use cognitive coping skills. These skills helps a victim accept the reality, forget about the past and focus on the present. Pathogenic to salutogenic shift At this phase, the victim has not yet fully recovered from the post traumatic stress disorder even after one year after the disaster. It is a critical condition and the victim is always struggling to let go the stress. This may happened to mothers who saw their children drawn by water. Resiliency itself cannot draw the stress away from the victim. A suitable intervention strategy would be the use of the victim’s coherence to overcome the stress. This involves integrating cognitive-behavioral coping skills to enable the victim understand that their problem is manageable. It requires the use of emotional-psychological strategies to convince the victim (Gelbach, 2008). Restabilization/reconstruction This involves the rebuilding of the victim’s emotional and social self. The best way to respond to victims at this stage is by use of psycho-social strategies (Bartley, 2007). This involves encouraging the victim to make new friends and interact with people. Social life interactions allows victims to forget about their past easily and focus on their future. Ethical/ Cultural Consideration Some cultural considerations involve various elements; One, awareness of your world view, two, an understanding of the client’s worldview, and finally, a better understanding of the appropriate intervention to apply on a client depending on the crisis and situation (Goodman, West-Olatunji, 2009). In our case, there is the need for a culture centered disaster response. Bearing that the people were warned about the impending flood disaster and didn’t do anything about it gives us the indication of social cultural factors among the community. Therefore, understanding the existence of social cultural factors among the victims facilitates the conceptualization of the needs of the people, especially in low income communities (Goodman, West-Olatunji, 2009). This also helps in determining the kind of intervention model applicable to a victim. References Bartley, A. G. (2007). Confronting the realities of volunteering for a national disaster. Journal of Mental Health Counseling, 29(1), 4-16. Benedek, D. M., Fullerton, C., Ursano, R. J. (2007). First Responders: Mental Health Consequences of Natural and Human-Made Disasters for Public Health and Public Safety Workers*. Annu. Rev. Public Health, 28, 55-68. Gelbach, R. A. (2008). Trauma, research, and EMDR: A disaster responder’s wish list.Journal of EMDR Practice Research,2(2), 146–155.doi: http://dx.doi.org/10.1891/1933-3196.2.2.146 Gilliland, B. E., James, R. K. (2013). Crisis intervention strategies. Goodman, R. D., West-Olatunji, C. A. (2009).Applying critical consciousness: Culturally competent disaster response outcomes.Journal of Counseling Development,87(4), 458–465. doi: 10.1002/j.1556-6678.2009.tb00130.x

Sunday, January 19, 2020

Describe yourself to your MBA classmates :: MBA College Admissions Essays

Describe yourself to your MBA classmates    I grew up in a small fishing village in Maine, surrounded by family. Expectations and aspirations are limited in such an environment. I could have made a living exploiting the sea, but chose to do similar work as a corporate executive. Although I have no siblings, my hometown contains over fifty family members, and our agenda of family activities is always packed. Most of my family is employed in the commercial fishing industry, which instilled in me at a very young age, the concept of work. At age eleven, I started babysitting and mowing lawns, and at the age of fifteen I applied for my lobster license. The first summer with my license, I took a job as a sternperson with a fellow female. We were the only two females out there, which was definitely an experience. When the lobstering season ended that year, I took a job at a grocery store bagging groceries. I saved enough money to build a boat and to buy fifty lobster traps; I was on my way. The following summer I continued to work as a sternperson, and I also fished my own traps. I continued lobstering throughout the rest of high school and college, and it helped me finance my college education.    In addition to being ambitious and motivated enough to put my heart into even mundane, low-level tasks, I am also extremely organized. This is one characteristic that has always received praise. I pay particular attention to detail, which I believe has contributed to my success thus far. I take pride in my work, and I look at it as a representation of myself. In my position at Sanford Bernstein as a Consultant Liaison, I market my firm to the financial consulting community. Maintaining the integrity of the firm is vital and errors are disastrous. When training new group members, I stress this point most thoroughly.    I work in a group that currently has six members. The group serves as a central source of information for the firm, and its success relies on an extraordinary amount of cooperation from each of us. As a senior member, I am able to contribute to the group in several ways including: training group members, controlling the quality of the group's output, managing and accurately completing multiple requests with short turnaround

Saturday, January 11, 2020

Use Word’s Replace to Transpose a Column of Names

Use Word's Replace to transpose a column of names Available from:http://blogs. techrepublic. com. com/msoffice/? p=4156 Date: November 22nd, 2010 Author: Susan Harkins Category: Microsoft Word You’ll often see a column of names entered in a Word document either as a list or part of a table. Listing the names is no problem, but changing their order after they’re entered could be. For instance, let’s say your document contains a list of names entered in firstname lastname format, but you want them in lastname, firstname format. Do you have to re-enter them?No, there’s a simple wildcard trick you can use with Word’s Replace feature that will take care of the transposing for you. To get Word to transform a list or column of names, do the following: Select the list of names you want to transpose. From the Edit menu, choose Replace. In Word 2010, click Replace in the Editing group on the Home tab. Click the More button and check the Use Wildcards option. This is an important step—if you miss it, this technique won’t work. In the Find What control, enter () (), with a space character between the two sets.In the Replace With control, enter the following characters 2, 1, with a space character before the second slash character. Click Replace All. Word will transpose the first and last names and separate them with a comma character. When Word asks you to expand the search, click No, and then Close to return to the document. Wildcard explanation Once you understand the wildcards, the whole trick is easily exposed: (): The parentheses aren’t true wildcards, not in a matching sense. They allow you to divide a pattern into logical sequences. :The brackets mark the beginning and ending of a word or phrase. : The slash character replaces characters, and is used with a number that specifies a bracketed component (above). In this case, the Find What code splits the two names into two separate sequences. The 2 component in t he Replace What code replaces the contents of the first sequence with the contents of the second sequence. The 1 component replaces the contents of the second sequence with the contents of the first. As you can see, you’re not limited to just transposing first and last names. With these wildcard tools, you can rearrange quite a bit of content!

Friday, January 3, 2020

Accounting Principles - 721 Words

Accounting Principles The primary objectives of accounting is to keep track of transactions and recording revenue and expenses are important business processes often assigned to an accounting department or a financial manager. Accounting is a business discipline that allows companies to record analyze and retrieve critical financial information that can be used to determine a companys financial status and provide reports and insights needed to make sound financial decisions. There are four basic terms in accounting they are assets, liability, revenue , and expenses. Assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic†¦show more content†¦Businesses can track which customers will pay there bills on time and which customers that will be late with payments. Accounting systems may also inform businesses when customers miss payments on accounts. This is particularly important for small businesses where every dollar is of the utmost importance for continued success. Then finally the businesses can use the simplify tax reporting systems shrink the amount of paperwork a business must keep on hand for accounting and tax purposes. The system can hold sales figures and estimated tax obligations, thereby reducing the stress of finding all the necessary documents when its time to pay taxes at the end of the year. All a business owner has to do is print out the necessary information for an accountant to go over and get back to running theShow MoreRelatedThe Accounting Principles Of Accounting1754 Words   |  8 PagesIntroduction Measurement of accounting elements is the most significant factors that entail the process of preparing financial statements. Accounting measurements presents the vital economic objectives for various accounting entities (Horngren, 2009). Fair value refers to a financial reporting approach operating under the accepted accounting principles (GAAP). This accounting method is also referred to as Mark-market accounting practice. In united Sates majority of the public and private companiesRead MoreAccounting Principles And Its Impact On Accounting1210 Words   |  5 Pages revised accounting standards require companies to change accounting methods. The three categories for changes are accounting principles, estimates, and reporting entity. Change in accounting principles happens when a company changes from one generally accepted accounting principle to another. For instance, Company A uses FIFO inventory cost method but decides to uses LIFO instead. Revision of an estimate because of new information or new experience is called change in accounting estimate.Read MoreWalmarts Accounting Principles1090 Words   |  5 PagesFour Accounting Principles Sharon Wallace American Intercontinental University Accounting Principles 2012 Four Accounting Principles ABSTRACT Accounting principles used by Wal-Mart and the core function of its departments. Wal-Mart’s strength and weaknesses will be listed. Wal-Mart’s last two years of accounting statements are also present. FOUR ACCOUNTING PRINCIPLES Read MoreThe Accounting Principles And Procedures927 Words   |  4 Pagesverifiable, consistency, and comparability when applying accounting principles and procedures. The accounting principles and procedures directly affect the company’s balance sheet and it financial statement by depending on hot it’s prepared and interpreted. If there are any changes in the accounting principles and procedures when preparing the financial statements, it should be notified and documented any changes that made to the company’s accounting practices. Therefore, this paper is going to addressRead MorePrinciples And Concepts Of Accounting2338 Words   |  10 Pages Principles and Concepts of Accounting Name Institution Introduction The major accounting principles that guide accounting practices are endorsed on the Generally Accepted Accounting Principles (GAAP). This is an international guidelines that all the companies and organizations are expected to apply in their operations. These principles are further classified into assumption and constraints. The assumption principles include business entity, going concern, monetary unit and time periodRead MoreAccounting Principles Assignment2931 Words   |  12 Pagesexamples,how the major accounting concepts are used in preparing financial statements. Answer : There are several accounting concepts that are used by the accountants worldwide in preparing financial statements.Using these principles one can prepare a fair and accurate financial statement for a period that would reflect the true condition of the business. Among all the accounting principles,there are some very important fundamental concepts.Those major accounting concepts are : Read MoreThe Two Principles Of Accrual Accounting891 Words   |  4 Pages In order to fully understand the accounting cycle and complete all eight steps, an accountant must understand the adjusting and closing process and be able to prepare trial balances. The unadjusted, adjusted, and post-closing trial balances are all prepared during the eight step accounting cycle. In order to maintain the most accurate financial statements, accrual accounting should be used. Accrual accounting is an â€Å"accounting method that records revenues when earned and expenses when incurred withoutRead MoreFoundational Accounting Principles and Terminology1060 Words   |  5 PagesRunning Head: Foundational Accounting Principles and Terminology 1 TUI University Eric Bollar Module 1: Case Assignment ACC501 Accounting For Decision Making Dr. Wendy Achilles January 21, 2011 Foundational Accounting Principles and Terminology 2 We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manageRead MoreGenerally Accepted Accounting Principles1314 Words   |  6 PagesAccountants use generally accepted accounting principles (GAAP) to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession and the Securities and Exchange Commission (SEC). Two laws, the Securities Act of 1933 and the Securities Exchange Act of 1934, give the SEC authority to establish reporting and disclosure requirements. However, the SEC usually operates in an oversight capacity, allowing the FASBRead MoreThe Basic Principles of Accounting - 11176 Words   |  5 PagesThe Basic Principles of Accounting Cherry Marler ACCT205-1203A-17, IP-1 Instructor Jeffery Bloom June 06, 2012 Abstract Accounting is used for several purposes. Investors, creditors, and individuals use accounting to see whether a business is successful or not. Managers and employees use accounting to make decisions on certain objectives. There are four main statements used in accounting: The balance sheet, income statement, the statement of retained earnings, and the statement of cash