Accounting Asset Definition Terms

A good reputation is certainly an asset for any company, but to a public that has raised its expectations of business’ responsibility to society, being good just isn’ t good enough. More than public relations posturing or kowtowing to political correctness, social responsibility in corporations is proving essential to the long-term success of companies in today’ s globalized economy. Businesses must now contend with a globalized public that is increasingly aware of business’ obligations to society and expects a level of accountability that most companies cannot meet. Good companies must go beyond merely being good— they must have integrity and a strategy aligned with it. Integrity in business has traditionally meant being honest, upright, and ethical, but in response to globalization, companies are being forced to move beyond this definition and add to it another fundamental quality— integration with society. Corporations must anticipate and respond directly to the demands of public opinion rather than waiting for government intervention, mediation, and regulation to force them into action. When Good Companies Do Bad Things explores the strategic relationship between know-how, integrity, and integration, demonstrating how companies that fail to embrace the deeper meanings of these terms jeopardize their reputations and future prosperity. Peter Schwartz, author of The Art of the Long View, and Blair Gibb recount well-known cases of companies like Shell, Nike, Texaco, and Nestlé , companies that found themselves facing accusations of hazardous environmental practices, racism in the workplace, and human rights violations. To themselves and the corporate worldthey were each considered good companies, until they were blindsided by issues on which large segments of the public felt that their trust had been violated.

The Bear Book focuses on protecting assets and minimizing losses during a bear market and on taking advantage of unique opportunities for profit. John Rothchild chronicles the long history of bear markets, exploring in detail exactly what constitutes a bear market and how it affects us. Along with his own expertise, the author draws on respected and knowledgeable names such as Jim Rogers, Jim Grant, and Martin Zweig, among a host of prominent investment advisors, strategists, and fund managers. The result is a comprehensive chronicle that deftly and definitively fills the "bearish information gap". Rothchild distinguishes the characteristics of past bear markets, examining what triggered them, how long they lasted - and why. He probes the unique psychology of bearish investing, concentrating on which types of investments generally do well during a downturn in the market. His answers to some questions clarify, among other key issues, what can happen to mutual funds in a bear market, and exactly what the dangers are of selling short. Of critical importance is Rothchild's overview of the alternatives to stocks, including gold, bonds, and money market funds, as well as tips on what stocks to buy when the market starts to turn bullish again. For historical perspective, The Bear Book also includes a unique and eye-opening account of the Crash of '29 and its survivors. Profiles of prominent bearish investors - Roy Neuberger and Philip Carret, among them - contain illuminating long-term perspectives on the ups and downs of the stock market over the past fifty to seventy-five years.

Recursive definition - A recursive definition is a one which defines a word in terms of itself, albeit in a useful way. For that to work, the definition in any given case must be well founded, avoiding an infinite regress.

Current asset - In accounting, a current asset is an asset on the balance sheet usually lasting less than one year such as accounts receivable, inventory, some prepaids, cash, and cash equivalents.

Theoretical definition - A theoretical definition gives the meaning of a word in terms of the theories of a specific discipline. This type of definition assumes knowledge and acceptance of the theories that it depends on.

Asset management - Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. Although the exact details of the task varies widely from company to company, asset management often includes tracking the physical location of assets, managing demand for scarce resources, and accounting tasks such as amortization.

accountingassetdefinitionterms

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