Fundamental Principles of Accounting Essay Example | Topics and Well Written Essays - 250 words

Fundamental Principles of Accounting - Essay Example Principles of accounting dictate that for losses to be incurred, institutions do not meet the breakeven point. The breakeven point ensures a company to pay all the bills while ensuring the business continues running (Wagner & Dittmar, 2006). Financial analysis is also important in the scenario presented by the two cases. Forecasting is clear in the two cases and both companies had a strategy placed on the set objectives. Agents of accounting such as profits, losses, liabilities, expenditure, and other financial statements come in handy in ensuring the success of the set objectives. The ability to access the stability, viability, and the profitability of a company is evident in both cases. The role of decision making in financial assessment is also evident in both cases. This is because it dictates the continuity or discontinuity of the operational department of a business. The cases display proper ability to make purchases of given materials while providing consumers with products. In the long run, the company benefits from the profits, solvency, stability and liquidity of assets (Wagner & Dittmar,

The indigenous cultures of the Americas Essay Example | Topics and Well Written Essays - 1250 words

The indigenous cultures of the Americas - Essay Example According to the historians, Holmberg spent his time in the 1940s among the Sirono tribes and decided to call them the most culturally backward people in the entire world. He stated that these tribes had no religion, no art or design, no musical instruments, no domestic animals and no clothes, and lived in constant hunger and want. They couldn’t even make fire or count to three. Mann decided to argue against these findings with deep respect. He stated that Holmberg thought that the people before Columbus had no real history, while he did not take into account that people before Columbus were just persecuted survivors and had been totally devastated with the smallpox and influenza in the 1920s. Mann detailed his personal experience with the pre-Columbian times history within the article that he discussed in his book, according to which he said that during his times in the high school, he learned that the Indians came over to the land of Americas over 12000 years ago across the Bering Strait, and these Indians lived in isolated and small groups and had little to no impact over the environment. As a result, the land of Americas remained wild and barren even after millennia of habitation. In the introduction of his book, he compares his research with Holmberg’s and initially it seems as if both are two different pieces altogether. However, after reading the entire book, it becomes apparent that the investigation of anthropologists had come up to wrong conclusions. The greatest mistake according to Mann is the assumption that many historians made assuming that the Indians had no history before the arrival of Columbus on the continent. Mann looked at the history before Columbus from various points of views, and ended up making a specific kind of anthropological revolution. According to the investigations that he made about the life of the contemporaries and the field of culture showed that the Indians took proper and