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GAAP – Purpose, Framework, and Terms - What are the objectives of financial statements? How can accountants best meet these objectives? These are the very questions that the Federal Accounting Standards Board (FASB) set out to address in 1976 when they began developing the conceptual framework. FASB’s goal was to identify the objectives and concepts that govern the preparation and presentation of financial reporting. In other words, to provide a backbone for the financial accounting system. The conceptual framework creates consistency for… Read More...Business
Personal Finance
Building An Investing Strategy - An "Investing Strategy" is a plan for how to save money to help it grow. Sometimes an "investing strategy" can just mean "plan for trading stocks", but it really means a lot more. Liquidity, Risk,… Read More...
Debit – Credit Cards Without Credit - https://youtu.be/Q2DwhcQbVRs Before Debit Cards Before the 21st century, if you wanted to buy groceries or visit the mall, you had 4 options that you could use to pay, all of which had their own drawbacks:… Read More...
Managing Debt - To be "In Debt" means to owe money to someone else, usually making fixed payments to pay back the amount over time, plus interest. Debt means different things to different people - having some debt… Read More...
Work Versus Study - Every high school student makes a choice when they are about to graduate – enter the job market right away, enter a trade school, or enroll in a university? Everyone will make the same kind… Read More...