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Tuesday, December 16, 2014
Monday, December 15, 2014
The Labor Department says weekly applications fell 3,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, ticked up a slight 250 to 299,250.
Over the past 12 months, the four-week average has plunged 10 percent...
To read full article, click here.
Source: The Associated Press (www.jobs.aol.com)
Friday, December 12, 2014
1. Controlling columns. QuickBooks provides a unique option for controlling the columns displayed in financial reports, and this tool is easy to use. Open any financial report, click the Columns tool dropdown menu, and then select an option, such as Month, Class, or Inventory Site.
In the example below, a basic “Profit & Loss” report has been customized to display detailed and subtotal columns for each inventory item and item category. This type of report makes it easy to review the profitability of each inventory item or each category of items. For example, on an item-by-item basis, we can easily see that the company sold $2,586.95 worth of regular Lighting, which cost $1,846.00 (generating a 28.6% profit), compared with $980.00 in sales of Fluorescent Ceiling Lights, which cost $796.32 and generated a profit of only 18.7%). By changing this same report to display data by “Item Type,” we could also see that sales for lumber products amounted to $452,312 (generating a 12.1% profit), while hardware sales amounted to $1,280,448 (producing a 22.7% profit margin). The ability to “slice and dice” financial data in this manner unlocks a potential treasure-trove of useful information....
Tuesday, December 9, 2014
1 Code of ethics
Friday, December 5, 2014
Thursday, December 4, 2014
- Quantifying the qualitative. Sustainability, corporate governance, and risk management are all buzzwords in the business landscape, particularly since the financial crisis, but what do they really mean? The ability to quantify these phrases, as well as the effect they will have on organizations, is critical to the continued success of the accounting profession. Creating metrics, standards, and methods of evaluating concepts is the proverbial bread-and-butter of the accounting field, and the areas mentioned above are prime examples of where accountants can take leadership roles in these conversations....