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Think Like an Accountant

Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election – Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license). Beyond the scope of this post). If the property is used 100% for business...

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Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election – Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license). Beyond the scope of this post). If the property is used 100% for business...
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Think Like an Accountant | planoaccountant.wordpress.com Reviews

https://planoaccountant.wordpress.com

Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election – Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license). Beyond the scope of this post). If the property is used 100% for business...

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Company liquidity – Net working capital | Think Like an Accountant

https://planoaccountant.wordpress.com/2013/06/28/company-liquidity-net-working-capital

Think Like an Accountant. Audit and Assurance Services. Essentials of Financial Analysis. Company liquidity – Net working capital. June 28, 2013. In an earlier entry. The less liquid current assets will finally become cash. The current ratio has another weakness: it is not a dollar amount. A decision-maker may look at the current ratio and see there is room to expand using their current capital, but then they need to decide. The next question is this:. Also, how are they related? Now the decision-maker k...

2

GAAP compliance vs. cost effectiveness | Think Like an Accountant

https://planoaccountant.wordpress.com/2013/05/24/gaap-compliance-and-cost-effectiveness

Think Like an Accountant. Audit and Assurance Services. Generally Accepted Accounting Principles. GAAP compliance vs. cost effectiveness. May 24, 2013. One of the late shareholders from a firm at which I previously worked said, “Don’t put a $200 saddle on a $10 mule.” You don’t spend 30 minutes trying to get a $5 deduction for a client when they are paying you $50-150 per hour. Read this article: Being practical about GAAP compliance. What is the benefit to a small business following GAAP? The author of ...

3

Networking accomplishment! Fellow job-seeker receives offer | Think Like an Accountant

https://planoaccountant.wordpress.com/2013/05/21/networking-accomplishment-fellow-job-seeker-receives-offer

Think Like an Accountant. Audit and Assurance Services. Fellow job-seeker receives offer. May 21, 2013. For discretionary reasons, I will not be indicating either the seeker or the interviewing company. I know that people do business with those that they know, like, and trust. No one feels comfortable doing business with a stranger. 8230;and then, an offer! Congratulations my friend on your successful career transition! From → Networking. Meeting people and helping them is a great pleasure. You are comme...

4

Think Like an Accountant | Page 2

https://planoaccountant.wordpress.com/page/2

Think Like an Accountant. Audit and Assurance Services. May 24, 2013. GAAP compliance vs. cost effectiveness. One of the late shareholders from a firm at which I previously worked said, “Don’t put a $200 saddle on a $10 mule.” You don’t spend 30 minutes trying to get a $5 deduction for a client when they are paying you $50-150 per hour. Read this article: Being practical about GAAP compliance. What is the benefit to a small business following GAAP? The author of the article states that in these kinds of ...

5

When liquid assets are not all that liquid | Think Like an Accountant

https://planoaccountant.wordpress.com/2013/05/30/when-liquid-assets-are-not-all-that-liquid

Think Like an Accountant. Audit and Assurance Services. When liquid assets are not all that liquid. May 30, 2013. If Company A has a current ratio of 2.1, while Company B has a current ratio of 0.97, you would probably assume that Company A is in good condition to meet short-term obligations, while Company B is struggling. It looks that way… if that’s all the information that you have. Let’s go back to Company A and Company B, and add a new layer of facts:. Out of Company B’s current assets, $4,500...

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What is an “Asset”? | Accounting, Finance, and Business

https://sulemansabir.wordpress.com/2013/07/02/what-is-an-asset

Accounting, Finance, and Business. The New Look Financial Statements →. July 2, 2013 · 5:44 pm. What is an Asset? Asset according to the FASB. Is the second major portion of the definition. Although it might seem straightforward, control can be ambiguous at times when it comes to certain contracts and subsidiaries. So in certain cases an entity must show some sort of legal claim or the right to receive the benefits arising from the asset if it wants to place it on its balance sheet. Please comment below ...

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Finger on the Pulse of Residential Housing Demand – Mortgage Applications | Christine Meder's Accounting Advisory Blog

https://christinemederaccountingadvisory.wordpress.com/2013/07/31/finger-on-the-pulse-of-residential-housing-demand-mortgage-applications

Christine Meder's Accounting Advisory Blog. An accountants insights on financial markets and corporate earnings…. If Homeownership is the American Dream This is a Nightmare! Middle Class Destruction – Business Owners Take Heed →. Finger on the Pulse of Residential Housing Demand Mortgage Applications. July 31, 2013. Absent resurgence in demand for housing and mortgage loans to fund the purchases, price declines in residential real estate are likely. As in my recent blog ‘Home, sweet or not so sweet, ...

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Home, sweet… or not so sweet, home. | Christine Meder's Accounting Advisory Blog

https://christinemederaccountingadvisory.wordpress.com/2013/07/27/home-sweet-or-not-so-sweet-home

Christine Meder's Accounting Advisory Blog. An accountants insights on financial markets and corporate earnings…. America is the greatest country in the world or is it? Home, sweet… or not so sweet, home. July 27, 2013. I’ve commented in recent blogs about the threat rising interest rates pose to the economy. In my last blog ‘Happier with less? Https:/ christinemederaccountingadvisory.wordpress.com/2013/07/26/happier-with-less/. Horton D R Inc (DHI). Home, sweet… or not so sweet, home. You are commenting...

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Middle Class Destruction – Business Owners Take Heed | Christine Meder's Accounting Advisory Blog

https://christinemederaccountingadvisory.wordpress.com/2013/08/03/business-owners-take-heed-middle-class-destruction

Christine Meder's Accounting Advisory Blog. An accountants insights on financial markets and corporate earnings…. Finger on the Pulse of Residential Housing Demand Mortgage Applications. Middle Class Destruction – Business Owners Take Heed. August 3, 2013. Since President Obama, so called champion of the middle class, took office in January 2009 through the end of July 2013, Manufacturing jobs have fallen. For the year 2013, 24,000 Manufacturing jobs have indeed been added and 246,500 Waiters and Bartend...

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The New Look Financial Statements | Accounting, Finance, and Business

https://sulemansabir.wordpress.com/2013/07/03/the-new-look-financial-statements

Accounting, Finance, and Business. What is an Asset? July 3, 2013 · 5:58 pm. The New Look Financial Statements. And the elimination of the indirect method. For the cash flow statement. The new proposed balance sheet. Will be broken into the three sections: assets, liabilities, and stockholders’ equity. The new proposed income statement. Does it make financial statements more useful? What are the negatives? Please comment below and follow me on twitter @suleman sabir. Image Credit to Leasing News. Hi, my ...

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Think Like an Accountant

Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election – Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license). Beyond the scope of this post). If the property is used 100% for business...

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