IFRS Versus GAAP

Jack Prot

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 […]

Merits and Demerits of Equity Finance

Jack Prot

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 […]

How Do You Set Consulting Fees?

Jack Prot

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 to Help Someone Who is Out-of-Esteem

Jack Prot

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 […]

What Is a Chartered Accountant?

Jack Prot

When you need help with an audit, getting your taxes done, or any general help with your business or finances, it’s best to know what all your options are. There are many people who offer business or professional services that are willing to help you, but they might not always […]

Benefits To A Business In Using An Online Bookkeeping Service

Jack Prot

Going from traditional to online bookkeeping has recently become an easy process for small businesses since online bookkeeping services have emerged. They are a virtual team of both bookkeepers and accountants that allow you to send your books to them so they provide monthly, quarterly or annual bookkeeping, accounting and […]

The Advantages of Cloud Accounting Software

Jack Prot

‘Cloud accounting’ is becoming quite a buzz word in the financial community and for good reason – there are many benefits to taking your business accounts online and in this article we will discuss some of these advantages. Cloud Accounting Means Your Accounts Are Available Anywhere, Anytime You can work […]

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