Yearly Archives

When looking at accelerated depreciation always keep the name in mind. The word ‘accelerated’ refers to the rate that the cost of an asset moves at, which in this case is faster than usual. The word ‘depreciation’ means that cost is going down in relation to assets of similar value. To look at it another way, the asset’s cost is allocated in a much faster manner, with more of the cost being allocated at the beginning and less at the end.  The total amount of depreciation remains the same, but the rate at which it takes place is different. When it comes to accounting, accelerated depreciation is often used as a...

An important part of business is understanding how you match up to the competition. Fortunately you don’t have to resort to any kind of espoionage, as this can be done using an industry comparison analysis. An indsustry comparison analysis is a process which compares your business’s performance to other small businesses in your industry. However, these can be dificult to carry out, especially for smaller businesses since getting hold of the required data can often be tricky. If your business applies for a loan or investment its likely that they will perform a ratio analysis with your existing financial statements. Giving you acess to some of the data needed for the...

Networking is the exchange of information. In the business world, the information you have at your disposal can sometimes mean the difference between success and failure. So if there’s a way to get hold of more information, or better yet, more relevant information, it can only be beneficial to a business and its operations. Networking also involves swapping services, as well as establishing personal connections. Some synonyms for networking are: connecting, engaging, meshing. Networking is valuable and widely practiced because something useful can be learned from just about everyone and if we seek information from many people we increase the probability of achieving our objectives. Networking is also deceptively easy, you...