Feb
28
2010
Banking Activities as Controls
Banks are used by most companies for many different services. One of their most important services is helping companies control cash and cash transactions. Banks safeguard cash, provide detailed and independent records of cash transactions, and are a source of cash financing. (more…)
Feb
11
2010
Objectivity Principle.
Financial statement information must be supported by independent, unbiased, and verifiable evidence. The cost principle is also consistent with objectivity because most users consider cost to be objective. (more…)
Feb
06
2010
3 Essential Tools for Starting and Maintaining a Small Business
We believe that there are 3 factors that drive the success of small businesses.
1) Acquiring start-up capital .
2) Finding customers .
3) Accounting for, budgeting and controlling sales and expenses.
The following resources will help your small business achieve these success factors.
Acquiring Start-Up Capital.
An adequate supply of capital is essential as many profitable businesses fail because they don’t have enough cash to pay their employees and suppliers. (more…)
Jun
30
2009
Accounting Principals.
Accounting is the Hot New Major.
There was a time when accounting was the boring college major that many people regretted signing up for. A constant barrage of numbers, statistics and spreadsheets was none too interesting.
Boy, have times changed! Thanks to recent accounting scandals by companies like Enron, there is a high demand for accountants and auditors.
According to the Job Outlook 2005 survey, accounting comes out on top as the most in-demand major on college campuses. Forget dot com start ups. Cleaning up a company’s accounting books is what’s in.
But can accounting be sexy? (more…)