Practical Ideas for Building Your Business Online
Explore practical tips on home-based business, online marketing, affiliate programs, and the tools that help you build and grow your presence on the web.
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Making Your Accounting Principles Acceptable
It would be very easy for an employee to expect fair treatment from professionals within the company s/he’s employed with. To expect them to act within the precepts of the Golden Rule: “Do Unto Others as You Would Have Them do Unto You” which, if company management were to engage in such honorable behavior, workers…
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Can Financial Window Dressing Help Your Business?
Financial managers can do certain things to increase or decrease net income that’s recorded in the year. This is called profit smoothing, income smoothing or just plain old window dressing. This isn’t the same as fraud, or cooking the books, though, just in case that thought had crossed your mind. Most profit smoothing involves…
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Is Disclosure Mandated to Complete Financial Reports?
Financial statements are the backbone of a complete financial report. In fact, a financial report is not complete if the three primary financial statements are not included. but a financial report is much more than just those statements. A financial report requires disclosures. This term refers to additional information provided in a financial report. Therefore,…
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Where Did Corporate Accounting Integrity Go?
When a corporation deliberately conceals or skews information to appear healthy and successful to its shareholders, it has committed corporate or shareholder fraud. Corporate fraud may involve a few individuals or many, depending on the extent to which employees are informed of their company’s financial practices. Directors of corporations may fudge financial records or…
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Enron – A Classic Example of Why Greed is Not Good
Everyone knows at least a little about the Enron story and the devastation it created in the lives of is employees. It’s a story that belongs in any discussion of ethical accounting processes and what happens when accounting standards and ethics are discarded in lieu of personal greed, which in almost every case of this…
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The Keys To Success In Your Own Entrepreneurship
Fundamentals Success in your own entrepreneurship – or small business – may depend on a lot of different things, and many an entrepreneur would achieve instant wealth if they had the formula that could be patented and sold to other entrepreneurs; but there is no such formula. Many so-called experts will tell you what…