Personal Finance Using Accounting Principles Of Paying...

According to our class text (Siegel and Yacht (2009)), we know that â€Å"personal finance is the process of paying for or financing a life and a way of living.† That said, we also know that using accounting principles to manage our personal finances will likely yield great success in one’s tracking and planning, financially, in the long run. Understanding the sources (incomes) and uses (expenses) of funds, and the budget deficit/surplus that results, are core accounting measures to consider in short and long term personal financial planning. Also, grasping key concepts like how your salary/wages are earned and segmented/taxed is important in determining your net incomes. How to approach deficits and surpluses and their associated action plans come from sound accounting understanding. Accounting develops controls on how to deal with budget deficits like increasing income, reducing expenses and borrowing. Understanding how sunk costs and opportunity costs factor into alternative choices and borrowing come to us from sound accounting knowledge and play a role in personal planning. Lastly, through various standard reporting approaches, we, though accounting, can develop the ability to look at current and future personal finance decisions and health via income statements, balance sheets, ratios and other common size book keeping measures. Three products of accounting and bookkeeping procedures that are most useful in personal financial planning would be (1) understanding andShow MoreRelatedHigher National Diploma6446 Words   |  26 PagesINTRODUCTION As we are aware, finance is the lifeblood of business or it can be said as the most important part of all the business enterprises. To understand finance, you need to know the entire business indeed. 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Mikailu, Ph.D, FNIA Chairman, Education, TrainingRead MoreTaxation as an Instrument of Economic Growth and Development in Nigeria13527 Words   |  55 Pagesdegree in the Department of Accounting, College of Management sciences, Al-Hikmah University of Ilorin, Ilorin. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Mr. A.B Uthman DATE PROJECT SUPERVISOR †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦ .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Mr. R.A Iyanda DATE HEAD OF DEPARTMENT (ACCOUNTING) †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦ Read MoreFeasibility Studies for Bookstore and Coffee Shop15507 Words   |  63 Pages During ancient times, leaves are used as a writing instrument in the form of â€Å"papyrus† which provides the knowledge and ideas that built the early civilization of mankind. 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We Want More Guitars a Critical Analysis of a Global Problem

Every company has their own theory and goals behind what they overall want to see or become. This paper is written with intent to help better understand a real life situation that took place at Guitarras Dominquez. When a company first opens their doors for business, they use high end material to show the essence of quality in their product which will allow for growth in their customer base. Do you ever wonder how a company gets far in doing so? Intention from the start of a business does not include cutting corners and saving money, but eventually with budget cuts and business plans they tend to become necessary. When we take a look at the case study about Guitarras Dominquez, we take a close look at what can possibly happen to a†¦show more content†¦Some businesses in America transfer into bi-cultured after starting out as monoculture. This typically happens when one company buys out the other or they join each other and sub-merge. Every now and then this happens globa lly. Companies face changes when a merger takes place such as how the business will operate, wages, and or if there will be interference from the government. Once the merger has begun the rules are changed to better serve the company whether people are with it or against it. Company success stories are sent over to a list which is created called the Globe Project list. This list gives pointers and advice for globalized managers to practice based on several key items and characteristics required during a successful merger. Daft states, â€Å"Some of the characteristics are assertiveness, performance, and human orientation† (Daft, 2013 ). Problem In my conclusion of reading the Guitarras Dominquez case study, the first problem that stood out was the quality of their product not the quantity. A company’s management team must be on the same page otherwise they will have issues going forward. Allowing for breakdown in skills can trigger the ripple effect to the point where employees can lack potential of producing more guitars. For a few months, Adam Washington Wainwright was working hand in hand with the Salvador about increasing production on the Guitars. â€Å"Salvador, you do beautiful work† (Daft 2013). Some of theShow MoreRelatedFenders Supply Chain Management2494 Words   |  10 PagesThe worlds manufacturing leader--Fender Guitar Company which was established in 1946, the full name of Fender Musical Instruments Corporation. In the past 60 years, Fender has become one of the hallmarks of the United States. The contribution of Fender sounds modern music development has already been spread in global and still continuing. Through the first to introduce the commercialization solid electric guitar, produced the first electric bass and numerous classic speaker. 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Assumptions Made In Surveys - Free Sample Assignment Solution

Question: One of the major problems facing the designer of a survey instrument concerns the assumptions made. Research and discuss what are the major "problem assumptions"? How can a designer avoid them? Should he avoid them? Answer: Introduction While designing a survey, more often than note, surveyors end up making assumptions. Usually, assumptions vary according to the type of assumption made. However, the basic types of assumptions include: Unwanted assumptions A good assumption to make is one that has the following characteristics: Either known to be true Reasonable enough to guarantee no further arguments to support it. Misleading assumptions Misleading assumptions include those assumptions which postulate details that are unstated. A good epitome of a misleading survey item includes questions that provide only two answers to a question (Simon, 2011).The problem is that the question limits the outcomes of the survey to only two responses are obtained from such a survey though there may exist cases of more solutions to queries put forward by the questions. There also exist valid reasons that support the existence of more than one solutions to one problem. The provisions of only Unsupported assumptions These category of assumptions are those that presume the existence of a certain given conditions while in real sense, there exist no valid reasons to support their existence (Leedy, Ormrod (2010).A good example of such assumptions include those that involve surveying a given particular group of respondents on the belief that they are the best suitable candidates of the survey. Such biases is based on believes that the group of respondents interviewed possess valuable information related to the survey intentions. Making assumptions may lead to the collection of wrongful data information. It is hence important to collect the actual data in order to get the facts in hand (Mentzer, John Carol, 1997). In order to reduce assumptions, the following should be done: Listening carefully. Taking notes if necessary. Asking questions openly and explaining into details the questions asked. Summarizing what is generally agreed in order to confirm understanding. References Leedy, P.D. Ormrod, J. E. (2010).Practical Research: Planning and Design, Ninth Edition. NYC: Merril. Mentzer, John T., Carol C. B. (1997). Sales Forecasting Management. Thousand Oaks, CA, Sage Publications. Simon, M. K. (2011). Dissertation and scholarly research: Recipes for success (2011 Ed.). Seattle, WA, Dissertation Success, LLC

The most exciting time to live in Vermont is mid-F Essays - Music

The most exciting time to live in Vermont is mid-February. This is the time when one is given the privilege of a 30-minute walk to school in sub-zero temperatures, with a 30-minute trudge home in the dark after a long day. It's been four months since winter began, and it'll be two more until it's over. The firewood is being rationed to keep the house at a barely livable temperature, a steamy 50 degrees, and colds are so rampant that people lose half their body weight in phlegm each day. Yet, however dull Vermont may seem to students and teachers as they wrap themselves in layer after layer of flannel, make no mistake, today is the beginning of an era. Today is the day when Isaac (that's me) starts his job of putting smiles on grim faces as the reader of the morning announcements. "But Isaac, that job is super boring! You just read what's written on a piece of paper," is what an uninformed person might say, someone who obviously doesn't know about my passion for annoying the tired and melancholic with smiling positivity. While expression and humor has not historically been a part of this process, and while ad-libbing has been strictly advised against, I go for it anyway. And why not? The worst possible outcome involves only a stern lecture and an expulsion from the job. Fortunately, there is not much going on this week, which means I have some wiggle room with what I can say. The loud buzz of the intercom whines throughout the school, and the silent apprehension of the day is met, somewhat unexpectedly, with a greeting of 20 "yo's" and a long, breathy pause. I artfully maneuver someone else's writing into my own words, keeping the original intent but supplementing the significant lack of humor with a few one-liners. I conclude by reminding everyone that just because the weather is miserable today does not mean that we have to be as well. Luckily, the principal loves it. And despite the fact that I urge everyone to interrupt my history teacher's classes to wish him a happy birthday, I get to keep my job for another day. I have people coming up to me left and right, telling me that I made them smile. When I hear that, I smile back. For the rest of the month, I work to make sure that people hear my message: even though we are at the time when school and winter are beginning to seem endless, there are still reasons to grin. I urge people to attend basketball games or sign up for spring sports. I announce birthdays and other special events. Before every day, I make sure I have a message that will make people think, "you know, today might not be so bad after all." After my month ends, the announcements have been changed. The next readers tell jokes or riddles, or sing songs and invite others to sing with them. I watch the announcements evolve from an unfortunate but necessary part of the day to a positive and inspiring event. It is now more than just a monotonous script; it becomes a time to make sure that everyone has at least one thing to smile about. Life shouldn't have to be a dreary winter day; it should be the satisfaction of a good saxophone solo or the joy of seeing one's friends every day at school. It is the enthusiasm of a biology teacher, the joy of a sports victory, and even the warm messages of a disembodied voice on the intercom. I use that message to help freshman feel less nervous at their first race or to encourage my friend to continue taking solos in jazz band. And in the most dismal time of year, I use that message in the daily announcements.