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Saturday, July 18, 2015

The Basics In Investing: Know What Your Investment Goals Are

Cash Machine by Tax Credits, on Flickr
Creative Commons Creative Commons Attribution 2.0 Generic License   by  Tax Credits 
Regarding the matter of knowing your investment goals, numerous first time financial investors need to jump right in with both feet. Sadly, not very many of those financial investors become a success and may even be burning money away. Putting in your hard earned cash (or in some cases hard earned money of other people), into anything, requires some to high level of expertise and skill. Remember that only a few investments are a certain thing and there is always the danger of losing part or all of your hard earned cash (that is the risk of being involved as a financial investor)! 

Monday, July 13, 2015

Essential Accounting Principles

Basic accounting cycleOriginally posted by Peter Baskerville
Accounting has been characterised as, by Professor of Accounting at the University of Michigan William A Paton as having one essential function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties."