The Role of FASB to Business. In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals ...

Accounting Software for a Sole Proprietor. As a sole proprietor, you must find time-efficient and cost-effective ways to perform accounting functions on your own. It may not be viable to hire a ...

How to Decide Whether to Go Into Business for Yourself. Taking the leap into entrepreneurship can be an exhilarating yet terrifying experience. The opportunity to make your own decisions, pursue ...

The Disadvantages of Clan Culture in Business. In their 1999 book, "Diagnosing and Changing Organizational Culture," Kim Cameron and Robert Quinn listed four basic types of business cultures: the ...

Why Is Good Management Essential in the Workplace?. Stephen Covey, author of "The 7 Habits of Highly Effective People," encourages the use of synergy in working relationships. Synergy is ...

How to Check If an Online Company Is Legitimate. Dealing with other online companies is a standard business practice in today's Internet-reliant age, whether you're outsourcing for contracted work ...

Importance of Incentive Plans. Incentive plans are formalized approaches to offering recognition and reward to employees for meeting pre-established goals or objectives. Incentives may include ...

Bakery Industry Analysis. A growing albeit paradoxical trend in the bakery industry, noted by the industry profiler Report Linker, is that U.S. consumers are hungering for both healthy baked goods ...

In 2013, the gross profit margin for jewelry stores was 43.5 percent. In 2017, it was 42.6 percent.

Similarly, the tax is also dependent on the way inventory is handled, not to mention the organization structure, such as single-member LLC, sole proprietorship, partnerships, and multi-member LLCs ...

The Advantages of Flexibility in an Organization. Small businesses today must be flexible, or they risk failure. Rapid technological and economic changes mean flexible organizations enjoy an ...

In economics, macroeconomics encompasses societal perspective on resource allocation. Microeconomics involves factors of resources availability and usage that impact individuals and businesses. As ...