Accounting Conventions and Accounting Concepts

Jack Prot

(1) Relevance The convention of relevance emphasizes the fact that only such information should be made available by accounting as is relevant and useful for achieving its objectives. For example, business is interested in knowing as to what has been total labor cost? It is not interested in knowing how […]

How Globalization Is Affecting Accounting in the US

Jack Prot

Globalization has led to most countries following and teaching principles of IFRS. United States based companies follow the rules of GAAP which causes complications for United States companies that want to do business internationally. Both practices of accounting provided useful and accurate interpretations of a company’s financial situation. However comparing […]

Smart Women Use 5 P’s of Successful Goal Setting

Jack Prot

Smart women understand that setting clear goals create a road map to follow and drastically increase chances of success in business. Regardless to where you are in your business cycle, the success of it is dependent on long and short term goals you’ve set and how a road map to […]

Fundamentals Of a Home Loan

Jack Prot

“Home is where the heart is”, a place that gives you emotional and spiritual warmth. The growing real estate prices have made buying a property a daydream for most of us. Home Loan is a way, which brings you closer to your ‘dream home’. Types of Home Loan You can […]

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