Principled

Examples of Principled in the following topics:

• Reinforcement Principles

• Basic Principles of Operant Conditioning

• Using Design Principles to Design a Strategy-Based Ad

• Introduction to GAAP

  • Monetary Unit Principle: assumes a stable currency is going to be the unit of record.
  • This is also know at the stable dollar principle.
  • Also, under this principle a company should establish an allowance for bad debt account.
  • Materiality principle: the significance of an item should be considered when it is reported.
  • Consistency principle: the company uses the same accounting principles and methods from year to year.

• Full-Disclosure Principle

  • The full disclosure principle states information important enough to influence decisions of an informed user should be disclosed.
  • The full disclosure principle states that information important enough to influence the decisions of an informed user of the financial statements should be disclosed.
  • Another aspect of completeness is fully disclosing all changes in accounting principles and their effects.
  • As an accountant, the full disclosure principle is important because the notes to the financial statements and other financial documents are subject to audit.
  • The financial statements have been prepared using the generally accepted accounting principles which have been consistently applied;

• The Uncertainty Principle

  • Therefore, to a first approximation the Heisenberg Uncertainty Principle gives that the product of these two uncertainties is on the order of Planck's constant (h).
  • The uncertainty principle actually states a fundamental property of quantum systems and is not a statement about the observational success of current technology.
  • Since the uncertainty principle is such a basic result in quantum mechanics, typical experiments in quantum mechanics routinely observe aspects of it.
  • Certain experiments, however, may deliberately test a particular form of the uncertainty principle as part of their main research program.
  • Doc Physics - Heisenberg Uncertainty Principle Derived and Explained - YouTube

• Effects of GAAP on the Income Statement

  • GAAP's assumptions, principles, and constraints can affect income statements through temporary (timing) and permanent differences.
  • To achieve basic objectives and implement fundamental qualities, GAAP has four basic principles:
  • The revenue recognition principle.
  • The matching principle.
  • The full disclosure principle.

• Reporting of Financial Statement Analysis

  • In the US, companies must conform to GAAP, or generally accepted accounting principles.
  • These principles are set forward by the FASB, or the Financial Accounting Standards Board.
  • Monetary Unit principle: assumes a stable currency is going to be the unit of record.
  • Depreciation and Cost of Goods Sold are good examples of the application of this principle.
  • Consistency principle: the company uses the same accounting principles and methods from period to period.

• Huygens' Principle

  • Figure 1 shows a simple example of the Huygens's Principle of diffraction.
  • The principle can be shown with the equation below:
  • This principle works for all wave types, not just light waves.
  • Huygens's principle applied to a straight wavefront striking a mirror.
  • Huygens's principle applied to a straight wavefront.

• Changes in Temperature

  • Changes in temperature shift the equilibrium state of chemical reactions; these changes can be predicted using Le Chatelier's Principle.
  • The effect of changes to the equilibrium state can be predicted using Le Chatelier's Principle.
  • Le Chatelier's Principle states that when changes are made to a reversible chemical reaction in equilibrium, the system will compensate for that change with a predictable, opposing shift.
  • Le Chatelier's Principle predicts that the addition of products or the removal of reactants from a system will reverse the direction of a reaction, while the addition of reactants or the removal of products from a system will push the reaction towards the formation of products.
  • Applied to temperature, Le Chatelier's Principle predicts that the addition of heat to a system will cause an opposing reaction in the system to remove heat.