Accounting is a system of financial reporting that identifies, records, and communicates the economic events of an entity. What does this mean? Identify: An accountant needs to be able to identify if an event is relevant to the accounting requirements of an entity, and whether or not it can be […]
Year: 2023
Who does not want to experience lower taxes to pay? The answer is no one. This is why all income earners are always in search for the best tax planning strategy. This is a helpful procedure with the aim of cutting down the legal dues entitled to an individual. Whatever […]
With the financial crisis still looming over the world economy, the regulators are trying to regulate the financial institutions more and more. This has lead to an over-burdening of staff having to comply with legislation. In the process of producing more and more paperwork to keep the legislators happy, many […]
Lately, there have been a number of articles on professional athletes who have lost millions of dollars due to poor financial decisions. The athletes range from golfers to boxers to professional baseball players and their poor decision range from buying cars, women, and tigers to battling gambling addictions and making […]
For some the word “derivative” is synonymous with everything that is wrong with capital markets, trading for trading sake, rampant profiteering, nothing to do with the financial needs of real people. These are a few of the charges ranged against the financial derivative but is that a fair reflection or […]
Social media has impacted our society in many good ways. Our lives have been made easier. Pretty much anything we want to know is quickly found at the end of a mouse click. We save time and effort by ordering products and planning travel online. We easily catch up with […]
Workflow is the manner of managing office work based on the specific requirement of the individual work item. It thus involves timely and effectual response. Hence this assures analyzing, providing solutions and expediting all transactions. Workflow has to focus on the entire transaction and not just single transaction or part. […]
Retained Earnings concept is one of the main accounting terms, which is essential if we want to understand the structure of the balance sheet and financing means by which assets of a business are being financed. This article will explore this accounting term and practical example helping to understand this […]
Pixel advertising is a form of internet advertising that is increasing in popularity. Publicity surrounding a pixel advertising website created by a British college student who needed to raise money to pay for his education has created great interest in this type of advertising. The website, called the milliondollarhomepage.com, has […]
If you are in business, you know that it is important to understand how your business is performing. In order to do that, you need some way to keep track of and interpret the numbers that go along with your business. This is where accounting and financial management come into […]