Assets, Liabilities and Capital: Understanding the Components of Balance Sheet

This article explains the key concepts of assets, liabilities and capital and their importance in determining financial performance. It covers the different classes of assets and liabilities along with accounting and presentation methods. Additionally, it provides a guide to writing an essay on critically evaluating the behavioural policy in school and analyzing its effectiveness.

Running Head: Guide to write essay
Essay Writing

Guide to write essay 1
Part 1.1
Key words:
a) Key concepts in sociology:
 Sociology: It is the comprehensive study of society, different patterns or forms of
social relationships, theories of social interaction and so on.
 Collective behaviour: The social processes or events that do not confirm the laws or
conventions but they evolve in the spontaneous manner.
 Cultural Relativism: It is the sociology doctrine which says that culture is a key
variable used to explain the concept of human diversity and also that behaviour,
perception or through process of an individual is dependent on the culture to which he
or she is related (Roberts, 2008).
 Sociologists: These are the experts who practice the social sciences.
 Capitalism: It is an economic concept used in sociology studies. It is the system under
which there is a private ownership and also incentives for producing profits and
wealth.
 Equality: Social equity is the status of the society where all the people of a particular
society or a group are equally treated in terms of civil rights, property rights and
access to society’s goods and services (Scott, 2006).
b) Factors contributing to good mental health:
 Mental health literacy: It is the knowledge about different mental disorders which is
used to recognise and prevent those disorders (Jorm, 2000).
 Confidence and Self-esteem: It is the emotional evaluation of subjective nature made
by an individual in regards to his own worth.

Guide to write essay 2
 Discipline: It is the system under which an individual act in the most acceptable
manner.
 Relationships: It is the way in which two or more individuals are connected to each
other.
 Spirituality: It is the sense of individual’s connection with something that is greater
than him or her.
c) Contemporary issue in society: Social Perspectives
 Inequality: It is the treatment given on the basis of different social or economic status.
 Conflicts: It is the disagreement raised among two or more people due to their
different opinions or values.
 Social well-being: It is the situation where people in a particular society have sound
relations with each other and there is social stability as well as peace.
 Discrimination: It is the practice under which an individual or group of individual are
treated in the manner which is less fair than the way other individuals or group of
individuals are treated.
 Symbolic interactionism: It is the social perspective under which linguistic or other
gestural communication is emphasised.
 Functionalism: It is the study of nature of different mental states.
d) How Nervous system is divided into different components and functions of different
areas of brain
 Central nervous system: Component of nervous system which is constituted by brain
as well as spinal cord.
 Peripheral nervous system: Nervous system lying outside CNS
 Brain: Central most organ of nervous system of human.

Guide to write essay 3
 Midbrain: Topmost portion of brainstem (Posner & Rothbart, 2007).
e) Assumptions made by above perspectives:
 Behaviourism: It is the learning theory based on the belief that all behaviours are
assumed as a result of conditioning.
 Psychodynamic: It is the theory that is based on the belief that experiences gained in
childhood shapes one’s personality.
 Humanistic: It is a psychological perspective which assumes that all the people in
world are inherently good.
 Biological: This perspective involves study of brain, immune system and the nervous
system of human and animals.
f) Assets liabilities capital
 Assets: Resource that has the potential of generating future economic benefits for the
owner.
 Liabilities: These are the financial obligations of any person or business under which
they are held.
 Owner’s Capital: It represents the stake of the owner in the business.
 Components of Balance sheet: Assets, liabilities and capital are the three main
components of entity’s financial statements.
g) Features to be included while designing websites
 Information: This contains the facts about something.
 Security: It is the state of information being protected against any unauthorised
access.

Guide to write essay 4
 Website Design: It is the system of creating a website and its layout along with its
content.
 Sitemaps: It acts as a guide to help users of website as well as search engine to
undertake site navigation.
Part 1.2
The chosen topic is assets liabilities and capital:
Key points to be included in the essay titled as assets, liabilities and capital:
 Definition and different concepts of assets, liabilities and capital can be explained.
 Different classes of assets along with the examples: Current assets, non-current assets,
tangible assets, intangible assets, intellectual assets etc.
 Different classes of liabilities along with examples: Current liabilities, non-current
liabilities
 Components of owner’s capital
 Why assets, liabilities form the most components of balance sheet?
 Accounting for assets, liabilities and owner’s capital
 Presentation of assets, liabilities and owner’s capital
 Impact and importance of each component in determining the financial performance
Part 1.3
To construct an essay on the topic critically evaluate the behavioural policy in school and
analyse its effectiveness, following steps can be undertaken:
STEP 1: Preparation of a clear outline of all the ideas related to the topic: Critically evaluate
the behavioural policy in school and analyse its effectiveness.

Guide to write essay 5
STEP 2: Framing a thesis statement for the essay:
The thesis statement in the present case could be: the importance of designing a behavioural
policy at a particular school and the extent to which such policy is being implemented in the
school.
STEP 3: Writing the Introduction Paragraph
As the essay in the present case has to be written in 1000 words, the introduction must be
written in between 100-120 words maximum.
It must define the key points of the behavioural policy of the school
Then the purpose of such policy must be defined
STEP 4: Writing the body of the essay:
It must firstly contain an introductory sentence such as Role of Behavioural Policy in
maintaining a sound discipline at the school.
It must further include key points like:
 The designers of such policy at the school
 Applicability of the policy:
 Repercussions of non-adherence to the policy:
 Emotional and behavioural difficulties in implementing those policies
 Effectiveness of such policy in school
It must also contain a counter argument like the stringent nature of such policy brings the
negative impact on the children’s growth etc.

Guide to write essay 6
STEP 5:
It must contain the argument that has been supported above in the entire essay and it must be
generalised with a supporting idea (Sharples, 2002).

Guide to write essay 7
References:
Jorm, A.F., 2000. Mental health literacy: Public knowledge and beliefs about mental
disorders. The British Journal of Psychiatry, 177(5), pp.396-401.
Posner, M.I. and Rothbart, M.K., 2007. Educating the human brain. American Psychological
Association.
Roberts, K., 2008. Key concepts in sociology. Macmillan International Higher Education.
Scott, J., 2006. Sociology: The key concepts. Routledge.
Sharples, M., 2002. How we write: Writing as creative design. Routledge.