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Accounting for Liabilities - Every firm needs capital to purchase assets like inventory, land, and equipment. They also need cash to help manage expenses such as paying employees. How do companies raise the money they need to run their businesses? The answer is through a mix of liabilities (borrowing money) and equity (selling shares of ownership of the company). Liabilities and equity make up the right-hand side of the fundamental accounting equation: Assets = Liabilities + Shareholders’ Equity This… Read More...
Personal Finance
How to Evaluate a Portfolio Manager - A good way to evaluate a manager is to ask many relevant questions pertaining to your own personal financial situation and your financial goals. Examples of questions to ask are: Read More...
Accounting for Automatic Payments - Automatic Payments – Blessing Or Curse? That title may be a bit hyperbolic – Automatic Bill Payments can be a huge time saver, and do help make sure your bills get paid on time (avoiding… Read More...
Money – Types of Stored Value - Definition When we think of money, stored value means anything that isn't cash, but you can still use to transfer value - checks, debit cards, gift cards, and forms like that. These are used to transport some… Read More...Renter’s Insurance - “Rental Insurance” is taken out on property you rent to insure against damage. Rental insurance works like a lighter version of Homeowner’s Insurance. Why Would I Need Rental Insurance? As a renter, this insurance does… Read More...