Accounting: Prudence Concept Free Essay Example.
As per the prudence concept of accounting, Assets and income should not be overstated, and liabilities and expenses should not be understated. Once a liability or expense has occured, provision should be provided for even if the amount or time is uncertain. As regards income, it can be recognized only if the amount and receipt is certain.
Prudence definition, the quality or fact of being prudent, or wise in practical affairs, as by providing for the future. See more.
September 2013 “The 'Banking' Concept of Education” In Paulo Freire's essay, “The 'Banking' Concept of Education”, he makes a very worthy argument and some very good points in the way he believes education in society should be taught.
St. Thomas Aquinas, Doctor of the Church, gives order to the cardinal virtues with giving precedence to prudence. (cf. STh II-II, 47, 2.) Prudence assists with the other cardinal virtues; justice, fortitude and temperance. A prudent life is developed with reasoning and conscience. The defin.
The prudence which secures an outward well-being is not to be studied by one set of men, whilst heroism and holiness are studied by another, but they are reconcilable. So, in regard to disagreeable and formidable things, prudence does not consist in evasion or in flight, but in courage.
Prudence definition is - the ability to govern and discipline oneself by the use of reason. How to use prudence in a sentence.
From a Catholic understanding of conscience, this is an incomplete definition. The Catholic view of conscience involves the freedom of the human person, the teaching authority of the Church, and the search for truth (trying to make the right moral decision.) The Catechism of the Catholic Church defines conscience as “a judgment of reason whereby the human person recognizes the moral quality.