Accounting

Inventory purchased by head office and sent to branches for them to sell can be invoiced to the branch at cost price or at an amount above cost (usually a fixed retail selling price). Invoicing the goods sent by head office to the branches at cost reduces head office inventory […]

On November 1, 2005, the Federal Reserve Bank [Fed] raised interest rates one quarter of a percentage point. Since Summer 2004, outgoing Fed Chairman Alan Greenspan has been raising interest rates on a regular basis since hitting its low point of just 1%. Now at 4%, Greenspan is expected to […]

In a company’s IP portfolio, there can be a wide range of patents, copyrights and trademarks. But, majority of these IP assets don’t match with business plan and market demands, and cost the owner thousands of dollars in the form of maintenance fee, attorney fee, etc. Moreover, the most promising […]

Recessions always seem to result in an increase in the number of people starting businesses. This is a good thing. At the same time, the internet seems to have exploded with the number of people claiming to be experts at Entrepreneur advising or consulting. This article has been written as […]

For over the past decade, there has been a growing demand in the corporate world for U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to converge to form one set of universal accounting standards. In 2002, members of the Financial Accounting Standards Board (FASB) and members […]

Preparation of tax returns should be done very cautiously, because the tax payer is responsible for each and every word written on the tax return even though it is prepared by a professional. The preparer should be able to provide you with practical and convenient tips for tax saving. You […]

All of us do some bit of planning to manage our income, savings, expenses, future liabilities (money we expect to spend in the future) whether we understand anything about financial planning or not. While we may be managing it well for now, it may not be the best way to […]

Essential Abilities For A Career In Law Very often, students enroll themselves into a law school without having a clear idea of what the profession is all about. Many are attracted by the title of lawyer and decide to pursue a degree in law without having proper knowledge of the […]