Professor Guerrero's Blog

mguerrero@google.com

Co-author of East of Tiffany's, 13 short stories of a Latino immigrant's success in USA; a journey from West Harlem to Sutton Place and Park Avenue. Check out the reviews in Amazon.com and in Barnes and Noble.

on KINDLE on NOOK

My best sellers are my translations of La Dame aux Camelias and Madam Bovary

Professor Guerrero's Blog: Accounting Terms: Introduction to Accounting Professor Guerrero's Blog: Book Reviews, Human Interest Articles, Accounting Lessons, and Writing Techniques

Book Reviews  

Books

Sentence Openers Book: FREE Lessons

Jane Austen  

Boethius: Consolation of Philosophy

How to Become a Writer  

Personal Finance  

Self Help, Wealth, & Learning

Greeks Romans Trojans  

Feminism  

Great Gatsby: Is Nick Gay?

All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.

Ideas About the Novel by Ortega y Gasset - my translation $0.99


Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language. Transliterated into easy language for enjoyable reading pleasure. Because The Lazarillo of Tormes pointed a new direction, European and American literature benefited with titles that today are considered classics: Cervantes’ Rinconete and Cortadillo; Daniel Defoe’s Moll Flanders, Henry Fielding’s Tom Jones and Joseph Andrews; Tobias Smollett’s Roderick Random, and Peregrine Pickle; Voltaire’s Candide; Charles Dickens’ David Copperfield. And many others to include American works ranging from Mark Twain to Saul Bellow.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art. According to Ortega, the arts don't have to tell a human story; art should deal with its own forms—and not with the human form.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic. This e-book teaches how to break the pattern Subject-verb-object--and discard openings that begin with nouns, articles, and pronouns.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality. While business terminology is interwoven throughout these short stories, it's not business lessons that I take away with me, but life lessons. The circumstances and the characters' profound humanity are relatable despite their zip code . "Luke, Postmodern Man" offers a new vista into faith, suffering, and love of neighbor. Way after you read this book you'll find yourself thinking about the various characters throughout the series of stories and will find solace in their unwavering faith. The narrators' ability to reflect on their hardships with such serenity is inspiring.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers! Every page is filled with great writing tips, training lessons, and wonderful useful writing skills! Not only do I write essays for college, but also short stories!
--IVONNIE Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK













All my books are now in KINDLE


Ideas About the Novel by Ortega y Gasset - my translation $0.99
Torquemada at the Stake by Perez Galdos- my translation $0.99
Lazarillo of Tormes - my translation $0.99
Dehumanization of Art by Ortega y Gasset - my translation $0.99
Sentence Openers
East of Tiffany's - bestseller $5


The most beloved short story from Spanish literature
All my books are in NOOK $0.99 or in Amazon KINDLE $0.99








All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.
Ideas About the Novel by Ortega y Gasset - my translation $0.99

Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers!
--Ivonnie Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK





Available in KINDLE $0.99


Available in KINDLE $0.99

Sunday, February 23, 2014

Accounting Terms: Introduction to Accounting



 

Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users.


 Assets are resources, properties, or things that a business owns.



 Balance sheet is a financial statement that reports the assets, liabilities, and owner’s equity at a specific date.



Basic accounting equation

Assets  =  Liabilities +  Owner’s Equity.

Bookkeeping

is a part of accounting that involves only the recording of economic events. Bookkeepers are generally concerned with journalizing and posting.

Corporation

Is a business organized as a separate legal entity under state corporation law, having ownership divided into transferable shares of stock.

Drawings

Are withdrawal of cash or other assets from an unincorporated business for the personal use of the owner(s) or partners.

Economic entity assumption

Is an assumption that requires that the activities of the business entity be kept separate and distinct from the activities of its owner and all other economic entities.

Expenses

As a general definition are decreases in owner’s equity. In a more precise definition expenses are the cost of assets consumed or services used in the process of earning revenue.

Fair value principle

Is an accounting principle stating that assets and liabilities should be reported at fair value (the price received to sell an asset or settle a liability). Often the fair value is also called ‘market value.’

Financial Accounting Standards Board (FASB)

Is a private organization that establishes generally accepted accounting principles in the United States (GAAP).

Generally accepted accounting principles (GAAP)

Common standards or guidelines that indicate how to report economic events.  

Historical cost principle

is an accounting principle that requires that companies should record assets at their initial cost.

Income statement

Is a financial statement that presents the revenues and expenses and resulting net income or net loss of a company for a specific period of time.

International Accounting Standards Board (IASB)

Is an accounting standard-setting body that issues standards adopted by many countries outside of the United States.

International Financial Reporting Standards (IFRS)

Are International accounting standards set by the International Accounting Standards Board (IASB).

Investments by owner

Are the assets (cash and other properties) an owner puts into the business.

Liabilities

are obligations and debts that a business owes. Also defined as the creditors’ claims against total assets. (p. 13).

Managerial accounting

Is the field of accounting that provides internal reports to help users and managers make decisions about their companies.

Monetary unit assumption

Is an assumption stating that companies include in the accounting records only transaction data that can be expressed in terms of money.

Net income

Is the amount by which revenues exceed expenses. The general public recognize net income as ‘profit.’

Net loss

Is the amount by which expenses exceed revenues.  

Owner’s equity

In general is the leftover of the assets after the liabilities have been paid. In particular, owner’s equity is the ownership claim on total assets.

Owner’s equity statement

Is a financial statement that summarizes the changes in owner’s equity for a specific period of time.  

Partnership

Is a business owned by two or more persons associated as partners or co-owners.

Proprietorship

Is a business owned by one person; it is also called ‘single or sole proprietorship.’

Revenues

Are the gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income.  

Securities and Exchange Commission (SEC)

Is a federal agency that oversees U.S. financial markets and accounting standard-setting bodies.

Statement of cash flows

Is a financial statement that shows the cash inflows (receipts) and cash outflows (payments) for a specific period of time.  

Transactions

Are economic events of a business that are recorded by accountants.

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Professor Guerrero's Blog

Co-author of East of Tiffany's, 13 short stories that will warm your heart - See 101 reviews in Amazon.com and 37 in Barnes and Noble.

on KINDLE on NOOK

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Book Reviews   Accounting 1   How to Become a Writer   Personal Finance   Self Help, Wealth, & Learning

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