Tuesday, May 12, 2020

Personal Finance Using Accounting Principles Of Paying...

According to our class text (Siegel and Yacht (2009)), we know that â€Å"personal finance is the process of paying for or financing a life and a way of living.† That said, we also know that using accounting principles to manage our personal finances will likely yield great success in one’s tracking and planning, financially, in the long run. Understanding the sources (incomes) and uses (expenses) of funds, and the budget deficit/surplus that results, are core accounting measures to consider in short and long term personal financial planning. Also, grasping key concepts like how your salary/wages are earned and segmented/taxed is important in determining your net incomes. How to approach deficits and surpluses and their associated action plans come from sound accounting understanding. Accounting develops controls on how to deal with budget deficits like increasing income, reducing expenses and borrowing. Understanding how sunk costs and opportunity costs factor into alternative choices and borrowing come to us from sound accounting knowledge and play a role in personal planning. Lastly, through various standard reporting approaches, we, though accounting, can develop the ability to look at current and future personal finance decisions and health via income statements, balance sheets, ratios and other common size book keeping measures. Three products of accounting and bookkeeping procedures that are most useful in personal financial planning would be (1) understanding andShow MoreRelatedHigher National Diploma6446 Words   |  26 PagesINTRODUCTION As we are aware, finance is the lifeblood of business or it can be said as the most important part of all the business enterprises. To understand finance, you need to know the entire business indeed. 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The NBFCs in advanced countries have grown significantly and are now coming up in a very large way in developing countries like Brazil, India, and Malaysia etc. The non-banking companies when compared with commercial and co-operative banks are a heterogeneous (varied) group of finance companies. NBFCs are heterogeneous group of finance companies means all NBFCs provide different types of financial services. Non-Banking Financial Companies constitute an importantRead MoreThe Government and Not-For-Profit Environment100975 Words   |  404 PagesEnvironment TRUE/FALSE (CHAPTER 1) 1. F The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. TA government’s budget may be backed by the force of law. 3. FGovernmental entities have no need for an accounting system. 4. TA government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. FGovernments and not-for-profits may never engage in business-type activities. Read MoreFinancial Ratio Analysis11306 Words   |  46 Pages------------------------------------------------- FINANCIAL RATIO ANALYSIS PROCTER amp; GAMBLE | PFIZER INC JANIE PRINCE FINANCE 405 | FALL 2012 ------------------------------------------------- Company Backgrounds Procter amp; Gamble William Procter and James Gamble, immigrants from England and Ireland respectively, met when they married into the Norris family. Their father-in-law suggested they build their own company since both men had useful trades- Procter was a candleRead MoreInternship Report on Mcb20087 Words   |  81 PagesPREFACE It is the requirement of the B.COM course Lahore College for Women University, Lahore that all students of B.COM have to spend six or eight weeks in any organization to get practical exposure and to get familiarized with the ways to live in the organizational environment which is dramatically different from the educational environment. That two months period called â€Å"Internship Period†, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, moreRead MoreTerm Paper on Islami Bank Limited17265 Words   |  70 PagesCHAPTER-ONE INTRODUCTION 1.0 Background of the Study Islami Bank Bangladesh Limited (IBBL) is the first of its kind in the South East Asia which was established in 1983 with a view to provide banking services based on Islamic principles. The bank, which started its operation with only 3 branches in the first year of its inception, has now 207 branches in 26 years of operation. As a bank, Islami Bank Bangladesh Limited receives deposits from its customers from all over the countryRead MoreThe Accounting Profession and Nat39077 Words   |  157 PagesTHE JOURNAL OF ACCOUNTING ANAN Volume 1, No 1, March 2009 Published by: Nigerian College of Accountancy, Jos Postgraduate Professional College and Training Arm of ANAN ...Advancing the Science of Accountancy EDITORIAL BOARD Prof. Edet Robinson Iwok, Ph.D, FCNA Prof. A. A. Okwoli, Ph.D, FCNA Prof. Abimaje Akpa, Ph.D, FCNA Prof. B. C. Osisioma, Ph.D, FCNA Prof. Edet B. Akpakpan, Ph.D, FCNA, Prof. A. C. Ezejulue, Ph.D, FCNA Prof. A. S. Mikailu, Ph.D, FNIA Chairman, Education, TrainingRead MoreTaxation as an Instrument of Economic Growth and Development in Nigeria13527 Words   |  55 Pagesdegree in the Department of Accounting, College of Management sciences, Al-Hikmah University of Ilorin, Ilorin. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Mr. A.B Uthman DATE PROJECT SUPERVISOR †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦ .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Mr. R.A Iyanda DATE HEAD OF DEPARTMENT (ACCOUNTING) †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦ Read MoreFeasibility Studies for Bookstore and Coffee Shop15507 Words   |  63 Pages During ancient times, leaves are used as a writing instrument in the form of â€Å"papyrus† which provides the knowledge and ideas that built the early civilization of mankind. 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Wednesday, May 6, 2020

Autobiography †personal writing Free Essays

My real father died when I was a baby. Only photographs and faint memories help me recall who he was. I suppose I accepted Roy as my father, I suppose I was too young not to accept him but now as I look at his old waxy skin as he lies in his open coffin, I realise that I don’t miss him. We will write a custom essay sample on Autobiography – personal writing or any similar topic only for you Order Now I haven’t talked to my mother in years so Its been years since I needed him. He passed away two days ago from heart failure. My mother is a different story, she was stranded without him, Roy married my mother a year after my father died, Roy was my step-father. The day after the funeral was Monday, I am informed by my financial advisor that my stocks have doubled over the weekend, ordinarily this is good news on a Monday morning but the thought of my mother on her own in that old dusty flat while I stand in my blush office, annoys me. â€Å"Any bad news today? † I ask with caution, â€Å"No, everything is as good as it can be† he replies with a bright smile. I thanked him for cheering me up and he left with a nod as if to imply â€Å"don’t mention it†. I leant over to turn on the T. V in my office, going to work on a Monday with nothing to work on, â€Å"Three dead in terrifying car crash† I don’t usually watch T. V in work because I should have something to do or to help with, I own a company called ‘Earth-links’ it’s a telecoms company. I left and went home at about half past ten to sleep rather than sit in my office, although it looked like the middle of the night, it was clouded up with rain. We have interrupted this programming to show a special news bulletin† I woke up to see the screen disappear into a solid blue picture then the 6 o’clock news studio came on the screen and a small black haired woman appeared and said â€Å"People in the northern Ireland area are asked to stay indoors unless it is an emergency†, the drone which was the rain on the window pane drew my attention, I stood up and walked to the window to see distorted houses and street lights below me, it didn’t look good and the rain wasn’t ending any time soon. The TV blurred on behind me until I turned to focus my attention, â€Å"severe flooding† said the news presenter. Although it might have not been the perfect time for me I decided to go talk with my mother, for the first time in years. I haven’t talked to my mother because we argued over years and so I left when I was 19. I went down to the south of Ireland with her and Roy to sort things out, but that didn’t work. I am now 32 five years have passed since that. I finish up some microwave pasta and use the elevator to get to the car park, The good thing about a car park is that you don’t get wet, not today. My car was parked beside the exit where some rain water had got into and had soaked my toes. I had ignored all the weather warnings and drove out into the street and the street of Belfast, the rain was so loud on the roof of the car I put on some music, it was about half past five and I rarely saw another vehicle. My mother lives in an old persons flat quite inland. On my way through the country I saw flooded fields and cars stuck in mud. I arrived in the doorway at six o’ clock and pressed number 6 and got no answer, the doorway is not very sheltered and I am now soaked from the rain. I press the doorbell again, â€Å"hello† said a voice, â€Å"hello mum can you open the door its Aaron† I said â€Å"oh hello Aaron, come on in then† she replied, her voice was weary and tired, I think she was sleeping. The buzzer went and I rushed out of the rain and into the hallway. There were 2 doors and a set of stairs. My feet now felt like wrinkly prunes from my saturated shoes, it had been raining all day now very heavily. I leave the hallway and notice my dark footprints behind me, I walked up the twisted stairway, I cannot see how someone could survive in a place like this, I haven’t seen anyone its like it is derelict. I get up to the 2nd floor to find my mother standing at her door, â€Å"hi mum† I said before she noticed me, â€Å"Aaron, why have you come† she said, â€Å"look I just don’t want you feeling real bad about yourself. I want to make things up with you† I said abruptly, â€Å"come inside† she said as she turned to go inside. The smell of tea and unclean furniture hit me like a slap to the face, I sat on the couch looking at the framed photographs of Roy and my mother, there was one of me, I was at the zoo with my sister and Roy, the clash of plates and cups awoke me from my daydream, â€Å"sugar? my mother asked, â€Å"yea, thanks† I said. I took a sip of my tea, it soothed my dry throat. â€Å"mum, I am really sorry for the last 10 or so years, I have been really stupid, I realised yesterday that I should have enjoyed Roys life while I could instead of ignoring you and him. I think I have just held on to bad things I shouldn’t have. Can you forgive me† I said waiting for an answer. â€Å"Aaron, I was being the silly one not you, Roy told me so after that holiday to Ireland, I was down right rude† she said as she fiddled with here necklace. A good start I thought, we went on chatting about the good times we had together when I was a child, it wasn’t until eight o’ clock I went to leave. I walked back down the stairs smiling at what I had accomplished; my right foot was wet, I looked down and saw that the last few steps were covered in water and rising, the rain had flooded into the flats and was just below knee depth. I stood there for a while and decided to get to my car. I ran down through the hallway and out the door, out side wasn’t as bad, I ran to my car through the dark rain, I couldn’t see much but I got to my car which was parked not to far away but the street was flooded very severely, there was no way I was getting home. I ran back to the flats and the door was still open. I ran to the stairs and walked to the flat again I went inside and explained to my mother â€Å"its really flooded out there†, my mother replied † oh dear what shall you do†, I then said † do you mind if I sleep here† my mother said â€Å"oh not at all we’ll sort something out†. I sat and watched the TV until 11 while my mother went to her bed quite early, the television was boring but it passed the time. Three days passed, it stopped raining on the 2nd day my mother and I really bonded through the days surviving on what she had in the dusty cupboards. The rain had mostly evaporated after one day and I went to my car. I drove back through the country past soaked and some still very flooded spots. I got home later that day to find everything as I had left it. The only difference was that I felt new and had straightened my life out with my mother. I have realised, I am happy. How to cite Autobiography – personal writing, Papers

Sunday, May 3, 2020

NYTimes Article Category #2. Ciara Jamie Connolly Essay Example For Students

NYTimes Article Category #2. Ciara Jamie Connolly Essay youNYTimes Article Category #2.Ciara Jamie Connolly05.02.00Submitted 05.04.00Searching For Dark Matter, With Both Eyes Closed. In a deficit-reduction measure in 1993, the Congress killed plans already underway for building the superconducting super collider. This proved that the US was ill prepared to join their European colleagues in studying subatomic particles in the nucleus. This $10 billion machine designed to speed protons around a 54-mile track and collide them, so scientists could examine the quarks, elementary particles said to be at the heart of the nucleus. This machine is the utmost in technological advancement this century. European physicists are leading the way with their laboratory, unchallenged in a prestigious field the United States had pioneered. Without particle smashers, scientists are in the dark, Michael Riordan states. This article fits into Category #2 because it shows the importance of the particle accelerators in helping ascertain scientific theories. If the theories hold true then billions of tiny particles may be the explanation of the dark matter that surrounds the Milky Way ga laxy in a halo. These particles are thought to have a gravitational force. The United States do not have a dismal record of international co-operation on scientific megaprojects, and without this they will be unable to finance the project. Until now American scientists have had to travel to the sites of particle accelerators, in the technological domain of the machine they had thrived to build. However, this method will not work if the United States want to remain equal partners. Without the technology it is obvious that particle physicists face a difficult future. The technology that needs to be at their fingertips is proving too expensive. If they had constant access to a superconductor collider then the scientists could further their conclusions on the dark matter of the universe. Bibliography: