Advantages and disadvantages of life insurance

In addition to the many types of insurance that can be acquired today to cover all kinds of possible damages or material losses, life insurance also stands out, which in this case is pre-agreed economic protection or compensation granted to the debts or relatives of a person if he dies under certain and certain circumstances. … Read more

List of the main market research companies

market-research

Market research is the collection and analysis of information about consumers, competitors or the environment. The Honomichl annual report, published by the American Marketing Association shows the top 50 market research companies in the world. The ranking is based on information collected by 196 nonprofit research organizations. The top five marketing companies in 2009 are … Read more

List of Texas oil companies

texas-oil-company

The oil companies are no stranger to the state of Texas. Many of the world’s largest companies were founded and currently have their headquarters in Texas. Although the economic downturn could reduce profits, the largest production oil companies still regularly bring billions of dollars per year. ConocoPhillips With more than 30,000 employees worldwide, ConocoPhillips is … Read more

Best Car and Home Insurance Companies

car-n-home-insurance

Car and home insurance fall within the Property and Accident insurance sector. Before buying a car or home insurance policy, you must learn more about the different companies that offer these policies. In this sense, your goal should be to buy insurance coverage from a company that is financially stable and has a high degree … Read more

The advantages and disadvantages of financial accounting

advantages-and-disadvantages-of-financial-accounting

What is financial accounting? The financial accounting conform all procedures that collect, classify, record and account for all financial operations of the company. The accounting reports allow you to make decisions about your business, hence the importance of preparing them with objective and real information. In addition, they are also a tool for potential investors … Read more

What are the five areas of the economy?

areas-of-economy

The economy is a science, responsible for the study of factors of production. Analyze the correct distribution of resources necessary for the existence of societies. The different areas of the economy allow us to analyze different areas of the productive apparatus, from small and large companies to the stability of a country, its development and growth. Always looking … Read more

The purpose of accounting

purpose-of-accounting

At present, accounting became an indispensable part of commercial relations. It is unthinkable to want to create a company without taking into account the accounting part. In fact, without fear of sounding too alarming, without the figure of an accountant, your money may be at risk. Knowing the purpose of accounting will help you to … Read more

The definition of financial forecasts versus budgets

forecasts-versus-budgets

The challenges of managing a company are very broad, and there are methods available to help you plan the financial future of your business. The use of financial forecasts and budgets can help you determine where your business is going and how you are going to achieve your financial goals. Forecasts and budgets provide important … Read more

Specialized fields of accounting

field-accounting

The management of finances, both in the public and private sectors of society, is supported by general accounting services. The accountants manage the maintenance of records of the income and expenses of their clients. While all accountants are trained in the fundamental aspects of accounting procedures, the field offers opportunities for accounting specialization. ID Accounting … Read more

Similarities between managerial accounting and financial accounting

managerial-accounting-and-financial-accounting

Accounting is an extensive discipline that goes far beyond traditional accounting. Like any science, it branches to business information can be analyzed from various perspectives, from the financial statements up production capacity. This is how financial accounting and administrative or managerial accounting are born, two sisters who share similarities and, at the same time, many … Read more

Differences between Accounting, Finance and Economics

Accounting-Finance-and-Economics

In order to know the differences between Accounting, Finance and Economics, you must first take into account that the definitions of finance, accounting and economics are often confused since each discipline handles the money of people in general. To understand how these areas work correctly, it is necessary to examine the principles, procedures and business … Read more

The history of invisible ink

invisible-ink

Do you know the story of the invisible ink ? Do you know what it is or why it was created? Actually this term may be unknown to many people. It may be that you have not even heard or used it, maybe you know it as a security ink. If you do not know … Read more

Definition of Financial Statement Assertions

financial-statement-assertions

The assertions of the financial statements or “management statements” in the financial statements, in some countries called the accountant’s opinion, are a formal summary of qualitative nature, about the processes of registration, recognition, classification and presentation of the accounting information provided. by the financial statements. When a company seeks financial support for its expansion or … Read more

Gross domestic product (GDP)

Gross domestic product (GDP) is an economic indicator that reflects the monetary value of all final goods and services produced by a country in a given period of time, usually one year. It is used to measure the wealth of a country. It is also known as the gross domestic product (GDP). The GDP measures … Read more

Income vs expenses

income-vs-expenses

Revenue and expenses are the basic calculations on which most business decisions are made. All businesses make basic calculations for each division in which they balance the revenue projections against the projections of expenses. This is such a fundamental part of the business process that it is often not even discussed. However, this does not … Read more

Insurance benefits

insurance

Insurance can have many advantages depending on the type that is contracted. The most common is known as personal insurance, which includes automobile, life, owners, disability and health. The biggest advantage of insurance is the benefits that are paid when it is necessary to file a claim. Claims can include damage to a vehicle or … Read more

Industries that use costing by Processes

The analysis of the cost structure is one of the pricing methods. Knowing the production costs allows the manufacturing companies to determine profitability and appreciate how inflation affects the development of the company; and if these costs can be more detailed (by the department, a method of manufacture, process and so on..) they will be … Read more

Types of Budgets

Budget

When creating a budget for a small business or a corporation, it is important to determine which method is best suited to it. The different types have unique strengths and advantages that can be used to maximize the financial perspective of an organization. Some organizations use a type of budget at all levels of the … Read more

How to Calculate Margins

In financial terms, by doing a total of sales, the margin is referred to as the amount of benefit received. Financial analysts mainly observe three levels of margins: Gross Profit Margin (GM), Operating Profit Margin (OM), and Net Income Margin (NI). All can be easily calculated using the results account found in the 10 (k) … Read more

How does Aflac work?

Aflac Personal Insurance Like many insurance policies, Aflac will pay an insured under specific conditions. Aflac is a type of personal insurance that pays a benefit if the person is unable to work due to an illness or disability. It is supplementary to health insurance or to the compensation of the worker who pays medical … Read more

How to identify bronze and copper scrap

Selling junk metals is a way to earn a little extra money while cleaning your home from damaged appliances or what’s left of home repairs. Scrap defines a scrap metal, which can be recyclable or reusable. When you talk about scrap, copper is king! The copper is one of the most valuable metals when it … Read more