Accounting

As banks are foreclosing hundreds of thousands of properties across the country, the question keeps arising, “Can banks make profits on foreclosed properties?” The simple answer is yes, but it does take some special circumstances for it to happen. If the homeowner is aware of how to protect his equity, […]

The accounting industry has grown somewhat and it contains some technical words but somehow these words largely ignored by people. Sometimes some big and developed sectors like banking industry do not aware of this words and “Double Entry Bookkeeping” is one of them. Even some bookkeeping and accounting experts are […]

The phrase “reinventing yourself” seems to be popping up all over lately. Just a few days ago a friend asked me how he could do it without starting completely over. His concern was, “How do I move in a new career direction without sacrificing all the skills and experience I’ve […]

Every type of business requires some sort of loan or line of credit for a wide range of reasons: start up capital, equipment, inventory, office rental, etc. Since every business and every owner is different and has unique circumstances, the easiest business loan to get for another owner might not […]

There are two sets of accounting rules accepted for international use: U.S. standards referred to as Generally Accepted Accounting Principles (GAAP), and international standards known as International Financial Reporting Standards (IFRS). The first is developed by the Financial Accounting Standards Board (FASB), whose power is derived form the United States […]

Equity finance means the owner, own funds and finance. Usually small scale business such as partnerships and sole proprietorships are operated by their owner trough their own finance. Joint stock companies operate on the basis of equity shares, but their management is different from share holders and investors. Merits of […]

One of the most frequent questions I receive from those who are trying to start or grow their own consulting business is: “How and what do you charge clients for your consulting services?” The ways of billing clients are numerous. There are hourly rates, by-the-job fixed rates, contingency or performance […]

How do you know when someone has a less than positive self-image? Are there behaviors that signal trouble ahead? Each temperament style has their own unique indicators for when they are in- and out-of-esteem. Knowing the signals will help everyone move toward putting the esteem engine back on the right […]