It’s a dog eat dog world. There’s cutthroat competition. You’ve got to grow or get out. With so many references to
ruthlessness, the corporate world does not do its reputation any favors. The
troubling truth is that a lot of people take these clichés at face value and
really do pride themselves at being brutal, hardnosed corporate citizens. We
have to ask ourselves, if our work life is a reflection of our
personality Cheap Ezekiel Elliott Jersey , is this the type of person we are or want to become?
Encouraging good citizenship should be one of the largest responsibilities of businesses these days. Good citizenship should stand for
business with integrity, ecological sustainability, and social and community
initiatives. A humane approach will help connect with the public and moving
forward positively will involve growing partnerships with the communities at
large.
In this light, community service projects have to become part of the mainstream activities of corporations – planned Jason Witten Jersey , executed and reported fairly and openly. ‘Check book philanthropy’ can no longer be the best approach to social change, not at a
time when – much to the corporate world’s detriment – enough has already been
said and not done. Rather, it is important to identify areas of interest within
potential community service projects and create distinct groups to focus on
those areas.
Often the most effective way of starting community service projects is through a volunteer system. This not only helps gather a larger pool
of employees, it also means that those who do choose to volunteer will do so
with enthusiasm and initiative. There are several areas of community service
that said volunteers can choose from Dak Prescott Jersey , based on the company’s own list of pre-decided priorities. For instance, a company that chooses to work with education,
healthcare, rehabilitation and education can offer this selection to its
employee-volunteer body Ezekiel Elliott Jersey , which can then choose what they want to work with, based on areas of personal interest and motivation. This will create distinct
groups to focus on the chosen areas of engagement. Here are some areas of
community service that would greatly benefit the present generation, the ones to
follow and the ecosystems in which both will inhabit.
Working with communities
Any society is only as good as the environment in which it exists. Working with communities involves embracing this fact and working
towards bringing out quality changes by connecting with the people who form the
core of that society.
Educational initiatives
The right kind of education holds the key to a healthier society. It is with this knowledge that
education programs should be developed that address economic social and
environmental issues and inspire people towards a sustainable lifestyle.
Ecological initiatives
At the core of life is the environment that creates and nurtures it. This bond is so strong that it would be impossible to
separate the two and continue to survive. Corporations can engage with creating
a platform that addresses and spreads awareness, providing creative solutions to
tackle serious issues such as climate change Cheap Cowboys Jerseys , water scarcity, loss of biodiversity and pollution.
Introduction
Amounts received before the actual earning of revenues are known as unearned revenues. They arise when customers pay in
advance of the receipt of goods or services. Because the company has received
cash but has not yet given the customer the purchased goods or services, the
unearned revenues are in fact liabilities. That is, the company must provide
something in return for the amounts received.
Accounting For Unearned Revenue
There are two characteristics of adjusting entries. First Byron Jones Cowboys Jersey , adjusting entries made at the end of an accounting period do not involve cash. Cash has either charged hands prior to
the end of the period, or cash will change hands in a future period. It is
precisely because cash is not changing hands on the last day of the accounting
period that most adjusting entries must be made. Second, each adjusting entry
involves a balance sheet account and an income statement account. In each case
requiring adjustment, we are either
• Generating an asset Maliek Collins Cowboys Jersey ,
• Using up an asset,
• Recording an incurred but unrecorded expense, or
• Recording revenue that has yet to be earned
Knowing that adjustment entry has at least one balance sheet and one income statement account makes the adjustment process a little easier. Once
you have determined that an adjusting entry involves a certain balance sheet
account, you can then focus on identifying the corresponding income statement
account that requires adjustment.
Is Unearned Revenue An Asset Or A Liability?
Unearned revenues are revenues collected in advance even though they are not yet earned. In other words Jaylon Smith Cowboys Jersey , the business already collected cash before it performed the services or sold the product to its customers. Unearned revenue
are classified as current liabilities because the business is obligated to
perform a service or sell a product in the future in exchange for the cash that
it collected in advance. Typical examples of unearned revenues are collecting
advanced subscription payment for magazines or newspaper, selling season tickets
to sports events, collecting advanced rent from tenants, restaurants collecting
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