Month: February 2023
Branches of Accounting, Uses of Accounting and Limitations of Financial Accounting
Accounting vs. Book-keepingBook-keeping concerns itself with the recording (correctly and in a set of books) of those transactions that result in the transfer of money or money’s worth. Whereas accounting is comprehensive in perspective. It extends to classifying, summarizing, presenting and even analyzing accounting information . Accounting vs. Accountancy Body of knowledge (consisting of principles,
The Intriguing Topic of Workers Comp Insurance
Accidents cause injuries and tragically, even death. Everyone can comprehend that sobering concept. The fact that accidents occur more often than you would like to think, though, is a no brainer for any business. The topic of workers comp, therefore, is notably on the forefront of commercial insurance needs. While the general gist of the
Self-Employed Disability Insurance – Protection for Business Owners
There are a number of advantages to being your own boss. The freedom to set your own schedule, control over client and business relationships along with a feeling of liberation are a few of the main reasons increased numbers of Canadians are headed down the self-employment path. Self-employment does come with its list of challenges,
Budget Made Easy With Accounting Apps
Businesses of all size prepare a budget so that they can assess the past performance as well as the present conditions so that optimal way ahead can be ascertained. In the budget, the organization makes its assessment of the revenues that are to come and ascertains the expenses that can be made so that its
Job Profiles Offered in Accountant Jobs
There are a myriad of career options in the field of Private Accounting one can choose from. Being able to identify the right career in accounting and study and specialize will help you fulfill your dream of a promising future. Private businesses or organizations hire majority of accountants. These are private enterprises, big or small
19 Questions to Supercharge Your Business Plan
Whether you are seeking capital for your company or are optimizing your business strategy, the most important element – particularly for outside investors -may be your written business plan. You can tune-up and supercharge your plan using this 19-step checklist. When your written plan firmly answers yes to each of these 19 questions, your market/product
Future of Accounting – IFRS Vs GAAP
The actions of Bernie Madoff and Kenneth Lay (Enron Co.) made quite an impact on business America. While thousands lost everything they had, the U.S economy lost something far greater; their ethical backbone and credibility. Since then, many consumers, corporations, and world economies put the U.S. economy under a microscope. GAAP and industry standards have
Commercial Business Liability Insurance: A Summary of Business Liability Insurance Policies
It doesn’t matter what kind of industry a business is involved in: there is always the potential to be held liable for some incident or another – especially in this sue-crazy society. You never know what kind of claim your company might be faced with, whether it’s due to alleged negligence or wrongdoing. Depending on
Accounting Finance – The Heart of Any Successful Business
At the core of any successful business is a well organized management. Financial accounting is a very important tool for business. Aside from knowing strategies such as bookkeeping, marketing, advertising and production, a good and stable business must also have a competent system for accounting finance. Whether you like it or not, accounting finance is
Small Business Loans – Helps Procure Fast Finance
Are you suffering from a shortage of funds? Not able to run your small business smoothly? Small business loans would bring respite to you and offer you funds to fill your fiscal gap. To run an enterprise is not an easy task, one faces a lot of troubles now and then. Financial restraint is one