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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
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...
Unemployment and Other Assistance Programs - Everyone needs to start from somewhere. While you build your personal finances from the ground up, you may already have faced times when you had low (or no) income, trying to get any advantage to… Read More...Student Loans - What is a Student Loan? A student loan is exactly what it sounds like – a loan given to students to finance their studies. This is most common for college or university students, but also… Read More...
Wealth - Definition of Wealth “Wealth” means having an abundance of something desirable. This can be tangible, like money and property, or intangible, like good health or freedom. Intangible Wealth Just because something does not have a… Read More...