Business

FASB Proposed Lease Accounting Changes – Impacts on Commercial Real Estate

Introduction:The Financial Accounting Standards Board (FASB) on August 17, 2010 published its "exposure draft" that requires companies to record nearly all leases on their balance sheets as a "right of use" asset and the corresponding " future lease payment - liability ". . What does this mean for your business in simple terms? In essence, this proposal eliminates operating leases;

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Business

Things to consider about retirement planning at any age

One of the biggest concerns for people of working age is their ability to retire comfortably. This concern is present whether you are just entering the workforce or nearing departure. This is why it's so important to ease your retirement planning fears with due diligence and preparation - that is, to start saving no matter how small the amount.The twenty'sFor

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Business

Lies, damn lies and web metrics

Why is there a certain 'voodoo' associated with web analytics and metrics? I think most business owners and marketers when asked "do you need better analytics tools to measure the effectiveness of your campaign?" I would immediately raise my hand. We all want a better measure of the performance of our budget, but we are reluctant to understand the mechanics

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Business

FIFO Vs LIFO

What is accounting? If you asked me this question a year ago, I would answer that it is about numbers, calculations ... but now, after having learned ACC201 and continuing to learn ACC202, I have another look at accounting, it provides information for decision-making in the world business. Whether you are investing in Wallmart stocks, buying new equipment, forecasting future

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Business

PN16 companies: loaded with cash and without operations

When a company listed in Bursa Malaysia has cash and short-term investments, representing at least 70% of its consolidated assets (this condition is known as the "Cash Criterion"), it must notify Bursa Malaysia immediately. Bursa will determine if this company is considered a "Cash Company".In most cases, the publicly traded company will need to determine whether to activate Cash criterion

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Business

Financial accounting versus cost accounting

Before going to differentiate financial and cost accounting, we must have knowledge of what these two terms really are. As we define both terms, they will automatically differentiate.Financial Accounting:Financial Accounting is a systematic way of preparing the financial statements of an organization in order to obtain a true picture of profits or losses. These financial statements are organized for decision

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Business

Association – Definition of associations

Friendship is essentially a partnership. - Aristotle[Partnership] - There are advantages and disadvantages in any business structure. Associations are not exactly the same as forming corporations or companies. Each association is defined by an agreement. Once you've settled on this business structure, it's important to know the differences. This article will define the different association structures. These structures are: (1)

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