The Going Concern Concept: Accounting Definitions

The Going Concern Concept: Accounting Definitions

    What is the Going Concern Assumption?

      Going concern is one of the four assumptions that are part of the accounting conceptual framework. Its meaning is really quite simple. The going concern assumption applies to almost any business that intends to operate as a business for a reasonable period of time. Read more

Business Accounting – Brief Overview of How to Read a Balance Sheet

Business Accounting - Brief Overview of How to Read a Balance Sheet

A company’s financial standing is reflected in its balance sheet, which reveals the exact status of the company in the current market conditions. This important document is also referred to as a ‘statement of financial position’ and it summarises many of the important details concerning a company.

If you are planning to invest in a small business or become a shareholder, then it is very important you understand the basics of how to read a balance sheet, because it is this report which contains the vital statistics and the precise details of the financial position of a company. Read more

How To Create A Personal Financial Budget

How To Create A Personal Financial Budget

Creating a personal financial budget may not sound like the most pleasant experience in the world. But, you will need to set a personal financial budget to keep your financial house in order. Before you begin creating a personal financial budget, you need to realize that if you must be successful, you will have to give as much detailed information as possible. Read more

Private Party Auto Purchase: Caution Is The Key

Private Party Auto Purchase: Caution Is The Key

Dealerships frauds such as adding unnecessary fees to the invoice and selling flood-damaged cars have compelled car buyers to opt for private party auto purchase. It is a quick and economical way of buying a car. It is becoming popular among Americans because of the following reasons:

>> No aggressive marketing, >> No extravagant commission, >> No processing fee, >> No dealer preparation charges, >> No advertising fee, etc.

The benefits of choosing private party auto purchase are many. Read more

Things You Should Know Before Trading Forex In Malaysia

Things You Should Know Before Trading Forex In Malaysia

Before you start trading Forex, there are a lot of things that you need to understand to avoid any frustrations in future. As a Malaysian resident, you first need to understand the challenges you will face as a broker in this country. First, you will need to have confidence as well as understanding when you enter this market. Read more