An important tool in organizing and presenting the plethora of websites available on the internet is the use of Directories ? an alternative to Search Engines that links and categorizes sites on the web. The main advantage to Directories as opposed to Search Engines is that directories are edited by humans, whereas search engines simply return automated results based on keywords which may not always be the most effective way to quickly find a website that is apropos to the to…
Understanding Financial Statements: The Balance Sheet
The balance sheet is important to business operations in general. It provides a snapshot of what the company owns and what they owe to outside sources. The balance sheet is also known as a profit and loss account. By either name, this special form of financial statement provides great insight into an organizations holdings.
Breaking Down the Balance Sheet
To clarify, a balance sheet shows how much money the organization has, how much property they own, and most import…
Why Financial Statements Are Important: A Beginner’s Guide
Accounting is considered to be one of those complicated yet necessary chores that keep people’s financial affairs relatively clean. For the beginner who is just getting started, the process may not be the first obstacle. Often, it is understanding the special language used by accountants and those that work around them. In other words, one must wade through the jargon in order to understand what’s going on. The first step in gaining understanding of accounting is to break con…