Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties."
As an example, a [...]
Assets, asset management, asset recovery, asset protection, asset tracking and asset evaluation. Technical, isn't it? Most people would probably be bewildered when bombarded with these terms. Others would dismiss these as pre-occupations of the rich and wealthy. Some even think of these as the plaything of stockbrokers, bankers, and finance people. But this should not [...]
You have undoubtedly made provisions for how your beneficiaries or guardians will handle your finances in the event of your death or disability. You’ve appointed a guardian for your young children and you’ve outlined instructions for how to handle your child’s education, finances and other expenses. Sure, you have a plan in place to provide [...]
Everyone can use some help getting their financial affairs in order, but especially senior citizens who may face special challenges and decisions involving money management later in life
Simplify your life: Have your Social Security benefits, pension payments and other income automatically deposited into your bank account each month. Direct deposits are safe, reliable and convenient. [...]
You're taught in America that your home is your biggest asset. If that's true, why do so many Americans fail to utilize their home as an income-producing asset?
The answer is because so many of us are limited by misunderstandings about debt. When we understand the correct definition of debt, we are able to unleash unutilized [...]
