So, the exciting time has come; you’re about to apply for a loan, perhaps to buy that dream car, or get a mortgage. Either way, you’re buzzing when you walk into your application meeting. Then, the credit check happens. This is where many applications fall down and, sometimes, refusal here can come as a […]
What, exactly, is a pension, and how does the accounting work? Both CPA exam candidates and undergraduate accounting students struggle with this concept, so I thought I’d explain the basic concepts here. Pension- Defined A corporate pension is a written agreement that requires a business to pay a former employee a series […]
We shouldn’t need to tell you about the benefits of safer driving. Hopefully, you already understand the risk to both your life and the lives of others when you behave recklessly on the roads. There are financial benefits to safer driving too, and while these are probably of no surprise to you, we are […]
Inventory is often the largest account balance in the balance sheet, and accountants must get inventory valuation right. If you’re studying for the CPA exam, taking an undergraduate accounting course- or managing a business- this concept can be difficult. What is inventory valuation? When you add an item to inventory, you […]
Losing a loved one is difficult. The last thing you want to do when you’re grieving is to look after everything that your loved one has left behind. However, it’s important that someone does take ownership so that everything can be sorted within a timely manner with as few issues as possible. […]
Before offering you’re a home loan, mortgage lenders want to be certain that you will pay them back. This often involves looking at your finances and then assessing whether they can trust you. But what exactly is it that mortgage lenders look for? Here are some of the main factors that lenders like to […]