If you find this article helpful, you may wish to read the article titled Using Ratio Analysis to Assess Financial Stability. Introduction Financial statement information is used by both external and internal users, including investors, creditors, managers, and executives. These users must analyze the information in order to make business decisions, so understanding financial statements ...
Personal finance ratios are the thermometer used to measure your personal finance condition. And even if you think you know that temp, you could be wrong. Take your personal finance temperature by learning about ratios and the roles they play in helping you gauge your personal finance health. Personal Finance Ratio #1: Current Ratio To ...
Starting a car towing business is a rewarding, yet challenging endeavor. In particular, as the owner of a car towing business, you must adhere to state regulations, ensure that your drivers hold current, clean licenses; maintain a secure, fenced location; procure expensive towing vehicles, insurance and equipment; maintain detailed customer records; handle repossessions; and deal ...
The purpose of this paper is to provide an overview of how pension plans work and what types of pension plans are available. Included will be an explanation of the effect of pension plans on financial statements if the cash contribution amount is more or less than the anticipated pension expense, and a discussion of ...
Many people are daunted the thought of accounting. While accounting does use some foreign terminology and can be very complex, this article is designed to help you get a basic understanding of the accounting process. The accounting process involves all the steps that take place between a single transaction and the completion of financial statements ...
A personal financial statement is used to give you, or others, an overview of what you owe and the property you own. Personal financial statements are comprised of two groups of numbers, a balance sheet and an income sheet. The balance sheet shows what, and how much you owe. The income statement gives you what ...
For a business to be successful, an ideal situation is to have adequate cash balances as well as healthy profit figures, i.e., it should strive to be profitable and cash generative. There is often a great deal of confusion over these two terms as many think that these are similar terminologies used interchangeably. However, what ...
Introduction In the United States of America, the Financial Accounting Standard Board (FASB) has worked to develop standards that ensure a common framework for financial accounting and reporting. As new needs and issues are identified, FASB revises current standards and develops new components. The Statement of Cash Flows is part of the overall financial accounting ...
Property taxes in Nebraska are high compared to other states. According to the Tax Foundation, Nebraska ranked 5th among the states in 2009 in terms of taxes as a percentage of median home value at 1.76%. There are certain homestead exemptions that can reduce the tax burden. The categories of homestead exemptions include homeowners age ...
