One of my business parterners wanted to take his children on a vacation but didn’t know where to start. I told him that there are great deals on Disney cruises and that they would be awesome for him to take his kids on. I think he will try it and get back to me on [...]
One major factor to the success of an organization is the ability to use an AIS within your organization. it allows the relationship between the business function and the IT function to intergrate seemlessly. It is also helpful to know how certain business pratcies will require an IT background or how they dictate how you [...]
I know a lot of people out there already have savings accounts but my business partner wanted to open one of up for each of his employees and surprise them with a Chirstmas bonus this year. Yes, he is an awesome person but more importantly he wanted something that had a high yield and had [...]
Any sort of trend analysis requires a few steps before it can become an asset when analyzing an organization. The first step is to ensure that the numbers are valid and true. Secondly, any sort of ambiguity within the numbers needs to be addressed. If there was bias when the numbers were analyzed then information [...]
Or so my friend thinks of himself. He really does think he is the tool master. I asked him if he had heard of air tools and he flipped. He started going off at me at how they are the best tools out there “bang for your buck”. He even said bang for your buck! [...]
Financial ratios are made just to provide a gist of the numbers provided by an organization. The problem stems from the narrow straight line definition of a ratio which is an analysis of what the market is at that time. It may not directly show the investment in an organization nor will it develop any [...]
One of my good friends was talking about some concerns she was having. She said that she wanted to purchase progesterone online. I told her that the best way to get some was through a website I found. I gave her the address and she was going to check it out. I told her how [...]
Different ratio methods are used in order to develop a specific set of information. For example, liquidity ratio will provide the user the ability to see if the organization can pay its short term financial concerns. This equation is: current ratio =current assets/current liabilities. When using ratios, it is important to note that a few [...]
One of my good friends who also is a car enthusiast was having concerns that he felt needed to be addressed. He wasn’t getting a good price for his existing car parts and wanted to change where he was going to purchase them. I did some searching and I found a great place to find [...]
An inappropriate cost accounting system would negatively impact the “real” numbers of how much a product actually cost. The biggest reason to use an activity based cost accounting structure is that you get a clearer picture on how much each product cost based on its subsequent activities that are required to build the product. The [...]
