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FSA vs. HSA

December 3rd, 2014

Flexible Savings Accounts (FSA) and Health Savings Accounts (HAS) are both tax-advantaged accounts (as deemed by the IRS) that can be used to pay healthcare expenses. There are significant differences, however, and it is important to understand those differences in terms of where you withdraw funds or when you have the option from your employer
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FIFO vs. LIFO

December 3rd, 2014

While inventory may seem like a straight forward balance sheet account there are different ways of valuing inventory that can have a significant impact on a company’s income. First in first out (FIFO) and last in first out (LIFO) are two of the more prominent ways of valuing inventory and a company using one versus
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Amortization vs. Depreciation

December 3rd, 2014

In accounting, the terms amortization and depreciation are both used a great deal and it can be difficult for non-accountants to follow exactly what they’re referring to. While technically there are differences, which will be discussed below, in practice amortization and depreciation are used interchangeably. The technical difference is more of an academic one, with
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GAAP vs. IFRS

December 1st, 2014

International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) are the both formalized accounting and financial guidelines that businesses may have to follow. In the U.S., all publicly traded companies are required to report using GAAP, and in many international markets IFRS is required for publicly traded companies. Companies listed on two
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Capex vs. Opex

November 25th, 2014

When discussing expenses in a company you will often hear reference to capex and opex, while both refer to money being paid out of a company they have very different meanings. Understanding the different meanings is important to having a clear picture of what is being referred to and this article will help you follow
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Could a Guess Buyout Happen?

August 28th, 2014

Guess (GES) tanked 7.7% after hours on Wednesday after a disappointing report that included downbeat guidance. Meanwhile, competitor Express (EXPR) did much better with investors after its latest report. However, that might not mean that Express offers the better investment opportunity right now. While the clothing retail business remains very promotional, Express still managed to turn itself
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10 Best Free Business Accounting Software For Freelancers And Small Businesses

April 24th, 2014

Are you a freelancer or small business owner looking for an application that can help you with everyday accounting tasks? If so, you will surely benefit from business accounting software that you can readily download for free. To help you out on which application to use, we have listed ten of the popular choices available:
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The Value of Virtual Outbound Telemarketing

April 3rd, 2014

Outbound telemarketing refers to companies who hire telemarketers who proactively make phone calls

Six Business Services Which Are Always Worth Paying For

March 13th, 2014

Businesses services can be described as non-core business processes; basically, processes or work that support the operations of a business but does not produce a tangible commodity, for example, accounting, marketing and receptionist services. While such services are extremely important, the first contact a potential client usually has with a business after their website is
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Amazon.com: How AWS And Amazon Prime Will Drive The Company’s Future Growth

February 19th, 2014

With the growing demand of cloud services, Amazon (AMZN) is expanding its reach with Amazon Web Service, or AWS. The company recently entered into a deal with ChinaNetCenter to provide AWS cloud service in China. ChinaNetCenter is a leading integrated service provider of Internet data center, or IDC, and content delivery network, or CDN, in
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Occidental Petroleum: Streamlining Operations For Future Growth

February 19th, 2014

Occidental Petroleum (OXY) decided to sell a minority stake in its Middle East and North Africa, also known as MENA, operations. The deal could amount to a 40% stake in MENA that could be worth $8 billion to $10 billion. Three state-owned firms in the Gulf have shown interest in picking up the stake and
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Is Seadrill Well Positioned To Take Advantage Of The Offshore Drilling Market?

February 19th, 2014

Seadrill’s (SDRL) offshore assets in deepwater and ultra-deepwater drilling continue to be a major advantage. The drilling units used in dee-water and ultra-deepwater drilling are called floaters, consisting mainly of semi-submersible and drill ships. Seadrill has around 15 semi-submersible and seven drill ships operating globally. The company has ordered another eight drill ships and four
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What Does an Actuarial Analyst Do?

November 22nd, 2013

Many companies are awash in various finance types who summarize and present all sorts of financial information. Large corporations and companies in certain industries (insurance, financial sector, accounting firms) commonly have another role in finance for actuarial analysis. So what do actuarial analysts do? The actuarial analyst is a role typically used in a company
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Assets vs. Liabilities

November 22nd, 2013

Business discussions with your company accountant will almost certainly end up involving comments about either assets or liabilities, and if you’re lucky both! Assets are what the company owns and liabilities are what the company owes, easy. If we count everything in the office and then add up all our unpaid bills we know all
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Analytical Methods

November 22nd, 2013

The selection of the appropriate analytical methods and techniques for assessing a business, or your investment, is crucial to correctly assessing the performance. Businesses generate all sorts of financial and non-financial information and simply choosing what exactly you want to assess can be incredibly difficult. Analyzing both your own business and an investment opportunity involve
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Capital Leases vs. Operating Leases

November 22nd, 2013

Many companies at some point lease an asset as an alternative to purchasing the asset out right, sounds straightforward right. Well…lease accounting can get a bit more complicated and the two alternatives for accounting treatment are substantially different. The accounting treatment for capital and operating leases is as follows: Capital Lease: The company is required
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LLC vs. Corporation

November 22nd, 2013

When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and hassle down the road. Here are a few things to consider in making your choice. S
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Accounts Receivable and Inventory Operational Metrics

November 8th, 2013

Accounts receivable and inventory are two important accounts for a company in terms of how both accounts can have a significant impact on the cash balance and working capital in a company. High inventory and AR balances can be a bad thing for a company if they are not considered in terms of sales and
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How Can an Accounting Coordinator Help an Organization?

November 8th, 2013

The role of Accounting Coordinator is one that more and more organizations are choosing to add to their finance group or team. The Accounting Coordinator is typically a role for someone to assist the accounting group in a variety of tasks including: Liaising with business groups in the organization Providing a second level review that
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What’s the Right Accounting Certification for Me?

November 7th, 2013

For someone whoâ s decided to enter the accounting professions the sheer number of options from an educational perspective can be daunting. While the Certified Public Accountant (CPA) designation remains the most prevalent in the US there are a number of other designations that are growing in popularity. These specialist designations recognize that different types
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