Business Principles Accounting

Most Recent Articles

[ 07/06/2018 ] Lien – Simple, Business and Legal Definitions Terminology
[ 07/02/2018 ] Bookkeeping – Controls in Accounting (Lesson 95) Advanced Bookkeeping
[ 03/27/2018 ] Bookkeeping – Employer Provided Vehicle (Lesson 94) Advanced Bookkeeping
[ 02/24/2018 ] Bookkeeping – Other Employer Provided Benefits (Lesson 93) Advanced Bookkeeping
[ 02/17/2018 ] Return on Equity Report Analysis - How to Read the Statements

Bookkeeping – Controls in Accounting (Lesson 95)

07/02/2018 David J Hoare

The President of the Ontario Center for Advanced Manufacturing stated that back in the early 80’s IBM Canada Ltd. ordered parts from a new supplier based out of Japan. The order allowed an acceptable tolerance […]

Bookkeeping – Employer Provided Vehicle (Lesson 94)

03/27/2018 David J Hoare

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 […]

Bookkeeping – Other Employer Provided Benefits (Lesson 93)

02/24/2018 David J Hoare

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 […]

Return on Equity

02/17/2018 David J Hoare

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 […]

Bookkeeping – Cafeteria Plans (Lesson 92)

02/04/2018 David J Hoare

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 […]

Bookkeeping – Health Savings, Reimbursement and Flexible Spending Accounts (Lesson 91)

02/04/2018 David J Hoare

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 […]

Bookkeeping – Employer Provided Retirement Plans (Lesson 90)

01/29/2018 David J Hoare

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 […]

Bookkeeping – Employee Health Insurance Mandate (Lesson 89)

01/29/2018 David J Hoare

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 […]

Bookkeeping – Employee Benefits (Lesson 88)

01/23/2018 David J Hoare

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 […]

Bookkeeping – Estimating Extraordinary Items (Lesson 87)

01/22/2018 David J Hoare

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 […]

Business Economics - A Library of Information

Business Guidance and Knowledge for the Small Business Entrepreneur