Understanding the Accounting Equation (ALE) and the Expanded Accounting Equation (ALICE) is critical to your success in accounting. The image below is downloadable as a PDF (see link at bottom of post).
Month: December 2017
An Ethical Dilemma–Do Not Resuscitate
Though not a strict Accounting or Business ethical dilemma, an unconscious patient was brought into the emergency room with "Do Not Resuscitate" and his signature tattooed across his chest. What is the ethical thing to do? What would you do? How is this related to business and accounting? Risk management, mostly.
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