China . . . needs a republican government just asa boy needs school. As a schoolboy must have goodteachers and helpful friends, so the Chinese people,being for the first time under republican rule, musthave a farsighted revolutionary government for theirtraining. This calls for the period of political tutelage,which is a necessary transitional stage from monarchyto republicanism. Without this, disorder will beunavoidable.What did Chiang Kai-shek mean when he compared Chinato a boy in school?
Financial Accounting 1.1 There are 3 activities in accounting: Identification, Recording, and Communication. As a starting point, a company identifies events related to the business and records those events to be be reviewed later and show a history of their financial activities. Lastly, the company will use the information to communicate it with interested users and to keep in records and reports. There are two types of people that need to use this accounting data from companies: Internal and External users. Internal users include managers External users include shareholders and creditors which are the primary users, but also include any other outside users such as government agencies, customers, labor unions, etc. 1.2 Standards and principles are established