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pantherart has written 179 articles so far, you can find them below.
Budgeting
Ugh, budgeting is one of those topics we’d rather avoid, but in business, it’s an absolute necessity. To prepare a reasoned and thoughtful budget, an accountant must start with a broad-based critical analysis of the most recent actual performance and position of the business by the managers who are responsible for the results. Then the Read More… »
Posted February 7, 2010 at 6:04 am no commentsWhat is a sole proprietorship?
A sole proprietorship is the business or an individual who has decided not to carry his business as a separate legal entity, such as a corporation, partnership or limited liability company. This kind of business is not a separate entity. Any time a person regularly provides services for a fee, sells things at a flea Read More… »
Posted February 7, 2010 at 6:03 am no commentsWhat are partnerships and limited liability companies?
Some business owners choose to create partnerships or limited liability companies instead of a corporation. A partnership can also be called a firm, and refers to an association of a group of individuals working together in a business or professional practice. While corporations have rigid rules about how they are structured, partnerships and limited liability Read More… »
Posted February 7, 2010 at 6:01 am no commentsWhat is a corporation?
Most businesses start out as a small company, owned by one person or by a partnership. The most common type of business when there are multiple owners is a corporation. The law sees a corporation as real, live person. Like an adult, a corporation is treated as a distinct and independent individual who has rights Read More… »
Posted February 7, 2010 at 6:00 am no commentsWhat is financial window dressing?
Financial managers can do certain things to increase or decrease net income that’s recorded in the year. This is called profit smoothing, income smoothing or just plain old window dressing. This isn’t the same as fraud, or cooking the books. Most profit smoothing involves pushing some amount of revenue and/or expenses into other years than Read More… »
Posted February 7, 2010 at 5:59 am no commentsDisclosure
Financial statements are the backbone of a complete financial report. In fact, a financial report is not complete if the three primary financial statements are not included. but a financial report is much more than just those statements. A financial report requires disclosures. This term refers to additional information provided in a financial report. Therefore, Read More… »
Posted February 7, 2010 at 5:57 am no commentsWhat happened in corporate accounting scandals?
When a corporation deliberately conceals or skews information to appear healthy and successful to its shareholders, it has committed corporate or shareholder fraud. Corporate fraud may involve a few individuals or many, depending on the extent to which employees are informed of their company’s financial practices. Directors of corporations may fudge financial records or disguise Read More… »
Posted February 7, 2010 at 5:56 am no commentsWhat happened at Enron?
Everyone knows at least a little about the Enron story and the devastation it created in the lives of is employees. It’s a story that belongs in any discussion of ethical accounting processes and what happens when accounting standards and ethics are discarded for personal greed. Enron began in 1985 selling natural gas to gas Read More… »
Posted February 7, 2010 at 5:54 am no commentsHeal Your Heartburn Through Acid Reflux Diet
Acid Reflux, another term for heartburn, is a disease which is created by a simple imbalance of chemical make-up in the body–the attack of acid reflux in the esophagus when it is supposed to be in the stomach only. The fact that Acid Reflux, the acid indigestion, affects not just adults but also infants and Read More… »
Posted February 6, 2010 at 9:02 am no commentsHeartburn-the principal sign of acid reflux disease, causes and cares
Acid reflux disease is a product of the failure of the esophageal sphincter to function properly. Because of abnormal acid production, digestive processes are affected and causes burning sensations in the stomach, chest and even up to the esophagus. Too low acid production causes the valve in the stomach not to open. So the tendency Read More… »
Posted February 6, 2010 at 9:00 am no comments