Mon, 08 Mar 2010 07:04:17 -0800

Electronic Evidence & the Sarbanes-Oxley Act of 2002
In response to the recent series of highly publicized business scandals, Congress passed the Sarbanes-Oxley Act. President Bush signed the Act into law on July 30, 2002. The legislation aims to strengthen accounting oversight and corporate accountability by enhancing disclosure requirements, increasing accounting and auditor regulation, creating new federal crimes, and increasing penalties for existing federal crimes. Similar to other areas of the law, Sarbanes-Oxley embraces the issues developing around the proliferation of electronic evidence. With 93% of all business documents created electronically and only 30% ever printed to paper, corporations in the last few years have been compelled to address the retention of and potential liability associated with electronic documents and communication.
Thu, 04 Mar 2010 05:59:18 -0800

Raising Small Business Finance: Beefing Up Your Balance Sheet
As a small business owner it's likely that you will have experienced liquidity problems. In fact, more businesses fail through poor cash flow than anything else. Through ensuring you have a strong balance sheet you will be able to fund day-to-day operations, and take advantage of growth opportunities when they arise.
Thu, 04 Mar 2010 05:58:16 -0800

Balance Sheet Analysis
A balance sheet is a financial statement that depicts a company's current financial status. It basically depicts assets and liabilities of the company. The balance sheet can be used as a tool in order to forecast the company's income projection, growth and development. The process of financial analysis and balance sheet analysis is used to derive concrete figures about the company's revenue, assets and liabilities. The balance sheet analysis helps investors, share brokers, investment bankers and financial institutions, to check the profitability of investment for a particular company. The balance sheets of companies are available in the annual reports of the company. The elements of balance sheets are at times also disclosed on websites of the company.
Thu, 04 Mar 2010 05:57:15 -0800

What Is A Balance Sheet And How Do You Create One?
If you choose to set up a limited company when you start your business, there's a lot more paperwork involved. It's one the downsides of going limited (the biggest upside of course being that you limit your liability should the business go under). One of the many pieces of paperwork you will have to generate on at least an annual basis is a balance sheet. A balance sheet is different to a profit and loss account (P&L). Your P&L shows you a summary of the trading transactions of the business: how much it sold, how much it spent, and the profit. A balance sheet is a snapshot of the financial health of the business.
Thu, 04 Mar 2010 05:56:13 -0800

The Importance Of Financial Statements
Accounting is considered to be one of those complicated yet necessary chores that keep people's financial affairs relatively clean. For the beginner who is just getting started, the process may not be the first obstacle. Often, it is understanding the special language used by accountants and those that work around them. In other words, one must wade through the jargon in order to understand what's going on. The first step in gaining understanding of accounting is to break concepts down to one fundamental point: financial statements. Corporations are extremely fond of financial statements - after all, they are required to have them. Financial statements are, in a broader sense, just timely statements of the financial situation of an organization.
Thu, 04 Mar 2010 05:55:12 -0800

How To Make A Business Balance Sheet
A business balance sheet is one of the two critical financial statements of every company. While the income statement displays how successful the company is at making a profit, the balance sheet shows the real value and stability of a company. Set up the balance sheet with your assets on the left side of the page and your liabilities and equity on the right side. Both sides of your balance sheet must, of courses, balance.
Thu, 04 Mar 2010 05:54:06 -0800

Creating A Balance Sheet For A Small Business
A balance sheet is a basic financial report that is used by every business. The balance sheet is more or less a snap shot of the current financial state of a company. It lists assets on one portion of the report and liabilities and equity on another portion. While the balance sheet tells nothing of what happened before or what will happen after the balance sheet is created, it does give an accurate representation of a company's current financial state.