Sunday April 28, 2013
Friends and Readers: I am leaving About.com effective April 30. I've enjoyed my time here but it is time for me to move on. Please continue to read my articles on About.com as the information on finance will help you in your small businesses. I will also be writing about finance on my new blog.áI hope I have interesting and helpful information for you as we move into the future.
Friday March 29, 2013
There isn't much different in international accounting reporting standards (IFRS) and GAAP (US accounting reporting standards). In the interest of globalization and transparency between companies of different countries, the Securities and Exchange Commission in the U.S. has been trying for a number of years to come up with a convergence of the two that satisfies both accounting professional, the business community, and investors in the U.S. and in foreign countries.
By 2016, for all practical purposes,IFRS and FASB may be one and the same. The SEC and world leaders feel that this will allow investors across the world to compare U.S. and foreign companies with more transparency and standardization and with the opportunity for growing economic prosperity. There is one rather important (to US investors) difference between FASB rules and IFRS. IFRS does not allow LIFO inventory accounting procedures, which is not a favored change by accounting professionals. What do you think?
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Wednesday March 27, 2013
Are you considering filing bankruptcy for your small business? If you are, you need a business bankruptcy attorney. Don't just go out into your local community and hire the first attorney you find. Bankruptcy is an important and possibly expensive step. You need the best representative you can find.
Here is an article listing some steps you can follow in finding a qualified business bankruptcy attorney including sources you can tap. I hope this helps you!
If you want to look for a bankruptcy lawyer in a specific location, look here.
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Monday March 18, 2013
In this very aggressive and nervous financial market, investors are looking at the bottom line. They want to know a company's return on equity and return on investment and they don't want to fool around. Doing a complete profitability analysis and having it available for your investors is a smart thing for any publicly traded firm to do.
There are different types of ratios that tell you, as a business owner, and your investors different things. Margin ratios spit out one type of information and returns ratios another. Put everything together for your investors in the DuPont Model and you have a complete profitability analysis. Check out this latest article on the Business Finance website.
Profitability Ratio Analysis
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