What Is Conveyancing?

Jack Prot

Conveyancing is the legal work involved in transferring ownership of a property or land, usually carried out by a solicitor or licensed conveyancer. While a property inspection will identify any potential structural problems, it will not uncover issues that may impact on the property and the land on which it […]

CPA, ABA, CFP – Which Credentials Matter?

Jack Prot

When choosing a professional to help you file your income taxes – whether you are an individual or are running a small business – choosing the tax accountant with the right credentials is key. Flipping through the phone book or browsing through online business listings, you’ll likely encounter a veritable […]

The Origin Of Accounting Theory

Jack Prot

If it is to be comprehensible and reliable, accounting must be used in accordance with specific rules and regulations. It would be chaos of Babylonian proportions if each person used his own grammar and vocabulary – nobody would understand anybody else. Likewise, it is essential that accounting is used according […]

The Need to Adjust the Accounts Receivable

Jack Prot

(1) Definitions – We have to define some terms first: * Accounts Receivable represent amounts due from customers who have purchased merchandise or services on credit and who have agreed to pay within a specified period or when billed * Bad debts expense (synonyms: uncollectible accounts expense) represent amounts from […]

The Depreciated Legacy of Cervantes

Jack Prot

In The Art of the Novel Milan Kundera makes observations that echo Charles Baudelaire’s enraged comments concerning the values of literature in nineteenth century Europe. An embittered Baudelaire writes: “France is passing through a period of vulgarity. Paris: A center radiating stupidity in every direction. Despite Moliere and Beranger, no […]

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