Accounting

For those who don’t know who Warren Buffett is, if there are such people left in the world, the book’s first writer Mary Buffett introduces him as, “For twelve years, I was the daughter-in-law of Warren Buffett, the world’s most successful investor and now its greatest philanthropist.” The purpose of […]

Anyone who has property or assets valued over $300,000 should consider protecting them from a possible lawsuit. Litigation, or “Who can I sue today?,” has become a popular means for the accumulation of wealth. We see it on television every day; people “recover” exaggerated sums of money for just about […]

For any executive, going through the probate process is quite time-consuming and complicated. If you are the in-charge of fulfilling the last wish of the deceased, you may be looking for ways to make sure that the assets are calculated, liabilities are settled, and the rest of the property is […]

Many people face major problems if they have unpaid medical expenses. These expenses can become a threat to your home, savings or income. Without any medical insurance an extended stay at a hospital can become a financial burden amounting to tens of thousands or even hundreds of thousands of dollars. […]

Between 2003 and 2008 the Nigerian banking sector experienced its own boom. Nigerian bank assets (according to BankScope data) went from USD 18.6 bn in 2003 to USD 84.2 bn in 2008, but have since fallen back as a result of the significant debt crisis experienced in 2009 (where the […]

Financial management decisions are divided into the management of assets (investments) and liabilities (sources of financing), in the long-term and the short-term. It is common knowledge that a firm’s value cannot be maximized in the long run unless it survives the short run. Firms fail most often because they are […]

Each one of us needs money to fulfill our personal needs. It could be to buy a dream car or to go out for a luxurious holiday. Do you know you can use equity in your home to get a loan? Yes, it’s true. Secured personal loans are tailored to […]

The balance for the capital account will always be a brought forward credit entry in the partnership accounts, because the capital contributed by proprietors is a liability of the business. When a partnership is formed, each partner puts in some capital to the business. These initial capital contributions are recorded […]