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    News and Articles on Basic Accounting



    Business Connection: Managing by numbers  Nov 3, 2009
    While most of the clients we work with at the BizCenter come to us with an in-depth knowledge of the specific industry they are running, many don t have an understanding of basic accounting and financing and don t know how to manage their business by the numbers. There are three key financial statements that business owners need to learn how to interpret in order to see the big picture of what is going on with the financial management of their business. (Ontario Argus Observer, OR)

    Ghana Labour College in deplorable state  Oct 31, 2009
    Courses being pursued at the College include, labour economics, industrial relations, computer literacy, basic accounting, research methods and communication skills. The rest are union management, interpretation and analysis of financial Statement, gender and labour relations, occupational safety health and environment and labour legislations. (Ghana Web, Ghana)

    Financial journalists all at sea as crisis broke  Oct 29, 2009
    A big dilemma facing financial journalism is its specialised nature, which requires a level of maths literacy and basic accounting skills. As a country, we have a chronic shortage of students who do take up maths and accounting in their school and post-matric careers. (Business Report, South Africa)

    New German Coalition to Craft Special Debt Fund Outside the Regular Budget  Oct 22, 2009
    He said the plan violates basic accounting principles and is similar to the off balance sheet vehicles created by banks that contributed to the financial crisis, the Handelsblatt newspaper. The special fund is part of the budget and will be published in a transparent matter and of course it has to be repaid, Seehofer said. (Bloomberg -- Germany)

    Rich Products acquiring taste overseas  Oct 9, 2009
    The customer, who was just getting started, didn t have certain business skills, such as basic accounting, so Rich Products helped him set up an accounting system. Today, that same cake shop owner operates 800 cake shops in China and he s one of the company s most loyal customers, Gisel said. (Buffalo Business First, NY)

    Four-year drama over Calif millionaire's keyed car  Oct 4, 2009
    Comptroller Tom DiNapoli says East Hampton town officials ignored basic accounting principles, spending more money than they had in the bank. The town issued $10 million in bonds to close a 2007-08 deficit, and $5 million more for additional shortfalls. (Fresno Bee -- State)

    * Next course of action for THSRC  Oct 4, 2009
    A general idea can be obtained by applying the basic accounting equation: assets equals liabilities plus equity. A look at recently published articles about THSRC shows many comments such as the public has to foot the bill and the debt will be a burden on our children and grandchildren. (Taipei Times, Taiwan -- World Business)

    Accounting for modern skills  Oct 2, 2009
    As a result, new accounting graduates are expected to have more than basic accounting skills. But exactly what kind of skills. (San Antonio Business Journal, TX)

    Accounting 101 Fixed Asset Deprec...  Oct 1, 2009
    Understanding fixed asset depreciation is an important part of basic accounting fundamentals. Learn depreciation entries, schedules and accruals. (Suite101.com)

    Bull vs Bear: Will markets touch a new high?  Sep 24, 2009
    If you are a basic accounting person, you will know that it is wrong to look at the one side of the ledger and not look at the other side, balancing the contra entry. So, I do not understand when people say money came and hence, markets went up, or money went out and hence, markets came down. (India Times)

    Resume Cheating Soars In Tough Economy  Sep 3, 2009
    There are a lot of people who cannot wrap their head around basic accounting. Is it rocket science. (CBS News)

    With fewer classes, cramming starts on Day 1  Aug 27, 2009
    Nearly 80 students packed into a basic accounting class at San Francisco State University on Tuesday, the first day of the fall semester, while dozens more spilled into the hallway hoping to get a seat. Images. (San Francisco Chronicle)

    3 in running for Wellsville mayor  Aug 24, 2009
    It s a very basic accounting and auditing principle that you guard against, Wells said. And so I m saying as a mayor, you can be sensitive to that. (Logan Herald Journal, UT)

    We need to return to conservatism  Aug 2, 2009
    Bigger businesses and governments do the same basic accounting. Add them all together and then we can look at it from a macro-level gross national product and per capita standard of living. (Lihue Garden Island, HA)

    Michael Vick reinstated  Jul 28, 2009
    NEW YORK - Michael Vick is back in the NFL. Now all he needs is a team to play for. Vick, free after serving 18 months in prison for running a dogfighting ring, was reinstated with conditions by NFL commissioner Roger Goodell on Monday. (The Augusta Chronicle)

    Chain operations offer some sense of security in hard times  Jul 28, 2009
    Wendy Steele said she has that business gene, that entrepreneurial spirit. And when she chose to open a restaurant in Augusta, she chose to buy into a franchise chain -- and in the middle of a recession. (The Augusta Chronicle)

    Monday, July 27, 2009  Jul 27, 2009
    Accounting BOOKKEEPING Basic accounting duties. Call (706)868-6800 FULL TIME NENT Pro Res. (The Augusta Chronicle)

    Changes keep Business Officer on her toes  Jun 25, 2009
    She had public agency experience in finance before working her way up in WUSD, starting out doing basic accounting. But Downey doesn't dream about numbers. (Sebastopol Sonoma West Publishing, CA)

    COMMENT: Think Outside The Box  Jun 16, 2009
    The TVI curriculum could have two components: a vocational component to teach a job-oriented trade such as carpentry, car mechanics, plumbing and so on; and a general education component for learning, say, English, basic accounting and computers as well as learning about legal rights, civic duties, environmental awareness and gender sensitisation. Those passing a test held after two years would get a certificate. (India Times, India)

    Director hired for Melrose's Retirement System  Jun 4, 2009
    We need someone that s going to put in place policies, procedures and basic accounting principles, he said. And, of course, he has an accounting degree. (Melrose Free Press, MA)

    7 Important Rules in Double Entry A...  Jun 2, 2009
    For more information on basic accounting principles, visit Suite101. com's Accounting Feature Writer. (Suite101.com)

    Stockton: 'You are seeing why' we hired Hales as city manager  May 28, 2009
    fyi wrote on May 28, 2009 1:00 AM:" Horsepuckey! Anyone with half a brain and aware of how to use any basic accounting program could have done this....for less money...for a LOCAL resident who understands THIS town. ". moze401 wrote on May 27, 2009 11:13 PM:" Just an accuse for Stockton to get out conflict of interest of being on the board of Rimco and Hale gets to clean up the mess and if it does not work. Hale is gone. ". (The Pantagraph newspaper)

    Basic Accounting for Buildings and ...  Apr 30, 2009
    Basic Accounting for Buildings and Equipment: Spreading the Cost of Major Assets over Time by Depreciation ... Basic Accounting for Buildings and Equipment ... Basic Accounting for Buildings and Equipment. (Suite101.com)

    All rounders to profit from economic downturn  Apr 15, 2009
    Basic accounting skills such as financial audit, financial narrative reports and budget planning are expected to be in demand in emerging economies, but will be taken for granted in others, with accountants expected to have the full range of skills. Where basic skills are not outsourced, senior business people take it as a given that those accounting activities will form part of the qualified accountants technical toolkit. (Accounting Web, UK)

    The Difference Between Revenue and ...  Apr 14, 2009
    An understanding of basic accounting terminology is necessary to make informed business or investing decisions. The top and bottom lines are often confused. (Suite101.com)

    How accountants can help SMEs through the recession  Mar 24, 2009
    If clients cannot cope with basic accounting in good times, how are they managing the business in difficult times. We all know that even when a business has a reliable bookkeeper, historical information is unlikely to give an indication of where a business is heading, especially in the current environment. (Accounting Web, UK)

    Budget e-mail sparks rethinking of Kittitas County cuts  Mar 20, 2009
    " No! She waited until she was in hot water and being questioned in what must have been awkward moments at the grocery store. Even then, did she handle the situation in what is commonly accepted as a politically correct way? If she didn't feel comfortable approaching the Commissioners one-on-one, why didn't she approach her boss and recruit his assistance in clearing the air without creating panic and confusion among the county employees followed by the public?That leads to my questions about... (Ellensburg Daily Record, WA)

    Trying to move on: Notes from a busted boomer  Mar 13, 2009
    Im just too overqualified for the vast number of basic accounting and finance positions out there. I may just have to rewrite my resume a dozen different ways: As an accountant who makes $50,000, as an unskilled laborer without a college degree. (MSNBC -- Business)

    NJ comptroller: Irvington finances in disarray  Mar 5, 2009
    Boxer discussed the 31-page audit report Wednesday, saying that officials in the community of 58,000 not only failed to follow basic accounting principles, but principles followed by any responsible homeowner. The audit was prompted by a request from the state Department of Community Affairs. (NJ.com -- News)

    Learning the value of value investing  Feb 28, 2009
    Join a good personal finance club, take a basic accounting course read Benjamin Graham's classic book The Intelligent Investor and David Dreman's Contrarian Investment Strategies. Special to The Globe and Mail. (Globe and Mail -- Business)

    An Attractive Alternative to Hiring During a Recession  Feb 24, 2009
    com virtual assistants work together at an office so clients have access to the resources of the entire company through their virtual assistant creating, in essence, a "super employee" that, for example, can speak Spanish fluently, produce professional quality graphic design, and write anything from ad copy to a screenplay and can take care of more mundane work such as data entry and basic accounting. Generally speaking, if it can be done in an office, we can take care of it,' says Gladu. (Yahoo News -- Press Releases)

    The Worst of All Worlds  Feb 15, 2009
    Location: CA Reply # 2 Date: Feb 15, 2009 - 6:25 AM EST Business of government Don Juan writes:"Think of the USA as a business, and do the basic accounting entries. ". But the government (presumes that is what you ment by "the USA" doesn't SELL anything. (Townhall.com)

    Airport suspends free flights contest  Feb 8, 2009
    I would think that anyone with some basic accounting skills could develop a tracking system for actual cost and doesn't someone take a head count before takeoff. What's the harm. (Coos Bay-North Bend The World, OR)



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