Basic business principles used by almost all business operations from start-up to operational standards.
With small business it is very common to provide a vehicle to the owner and key employees. It is often done in the construction industry and transportation sector. The idea is to provide transportation for […]
Other employer-provided benefits are composed of three groupings of benefits: Welfare Other (Life Insurance, Auto & Education) Fringe This lesson explains each group and illustrates how the accountant records the benefit for bookkeeping and payroll […]
Another performance ratio used in business is return on equity. It is similar to return on assets except return on equity uses one section of the bottom half of the balance sheet. This section is […]
Cafeteria plans, a.k.a. Section 125 plans, are employer sponsored benefit packages that allow employees to choose from a menu of options and allocate their allotted share to the items they pick. With this type of plan […]
One of the drawbacks to the health insurance mandate for small business employers is the cost of the premium for the plan. Because the provider is spreading the actual cost of care for the plan […]
For the longest time the retirement benefit was the most important employee benefit to offer. Today it is number two behind health insurance which is mandated by law. Still, it is a sought after benefit […]
After three decades of discussion, in-fighting and wrangling, Congress passed a health insurance mandate along party lines of vote. This health insurance mandate changed the rules for employers and affects the accounting department and in […]
There are a multitude of employee benefits employers provide to their employees. This series covers several groups of benefits and explains the legal and accounting issues related to them. This particular lesson introduces the concepts […]
The final type of estimating relates to unusual and infrequent items. These are commonly referred to as extraordinary items. Basically, they rarely occur but do happen once or twice over an economic cycle. The following […]
Another estimate requirement for accountants deals with warranties. Warranties are assurances to customers that the product sold or service rendered will perform as stated or contracted. Often products or services are defective and therefore require […]
Copyright 2012 - 2018
