23 Sep

Direct costs are those costs that can be directly attributed to a product or product line, or to one source of sales revenue, or…

21 Sep

Budgeting is one of those topics we’d rather avoid, but in business, it’s an absolute necessity. To prepare a reasoned and thoughtful budget, an…

20 Sep

A sole proprietorship is the business or an individual who has decided not to carry his business as a separate legal entity, such as…

15 Sep

Some business owners choose to create partnerships or limited liability companies instead of a corporation. A partnership can also be called a firm,…

14 Sep

Most businesses start out as a small company, owned by one person or by a partnership. The most common type of business when there…

13 Sep

Financial managers can do certain things to increase or decrease net income that’s recorded in the year. This is called profit smoothing, income…

31 Aug

Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid…