Principled

(adjective)

Based on, having or manifesting principles. Adhering to ethical expectations.

Related Terms

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.