Saturday, October 31, 2009

How to Overcome Your Business Rivals

The business world is tough and for this reason it calls for an entrepreneur to be aggressive, innovative and focused in order to make money. The economic recession has not made things any better. Big and small businesses are reeling from the effects of the economic slump with some even closing shop. It therefore becomes imperative for a business owner to implement business strategies that will ensure survival.

Identifying the weakness of your business competition, then going ahead to exploit these limitations will help you stay ahead of your business opponents. In addition, note the strengths of your competitors and avoid them. In business, it is a matter of perception especially when it comes to marketing. The opinions of your customers are the ones that determine and map your business success.

As a business owner always be paranoid about your competitors. By this I mean; have a mindset that your business competitors are constantly up to something. This will help to come up with new business ideas and strategies and hence have an edge over your business rivals.

Find every opportunity to gather information about your business contenders. This can be achieved by reading magazines that feature your business rivals or inquiring from customers about the products and services been offered by your competitors.

Anytime something happens to threaten business operations, for example, realize of a new product by a rival company or the current economic crisis, business people tend to get disoriented and some may take irrational actions. This is why I started this article by stating that in business there is need to be focused and determined despite the challenges that come with running a company.





Stephen is an Business Organizing Expert . He researches and studies on big and small business strategies . Website: Business Management Solutions for efficient business operations.

Article Source:http://www.articlesbase.com/strategic-planning-articles/how-to-overcome-your-business-rivals-1401704.html


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Ethics of Accounting

 

           Accountants at some point in their career will find themselves having to make a decision whether their situation is ethical or not. Professional ethics is an important aspect of an accountant’s job.  As an accountant you have the commitment to each customer to demonstrate competence, confidentiality, integrity, and credibility. Competence is where you must show a level of professionalism as well as developing the knowledge and skills that you will need as an accountant.  Confidentiality is when you as an accountant must keep information confidential unless authorized or legally required to release client information.  Integrity is when you must communicate with the associates to avoid any conflict of interests. Lastly there is credibility which is when you must communicate information in a reasonable and objective manner.

            An ethical issue could arise is in the firm you are working for.  You could discover something that the firm or another employee is doing ethically wrong.  You may encounter an unethical behavior or conflict.  For example if you were working for a firm and you discover that a co-worker is withholding money from the firm.  When you are faced with this you should try and follow you firm’s polices to try and resolve the issue.  For example a policy that a firm may have would contain something along the lines of stating that each employee has the reasonability to conduct a professional and ethical business practice with integrity, confidentially, credibility, and competence.  It may also tell you in whom you may need to talk to if an unethical situation does occur.  If your firm does not have a policy you should consider discussing the situation with your supervisor.  If you feel that your supervisor is involved in the situation then you must go to the next level of management.

             If trying to resolve an ethical issue, you as an employee must understand the firms business and strategies.  If you feel that you may be at risk of the ethical conflict then you should also contact your personal attorney.  This is because your personal attorney can advise you as to what is best for you to do in a particular situation.  They will also have your best interest, and if you feel as though you can not continue to work for your firm any longer then you should give your firm your notice and leave.  At times if the situation is pressing and concerns you then this may be your best bet.

            Accountants are known and respected for their honesty; by showing their integrity and competence.  This is why it is important for all accountants and their firms to show and practice a good ethical practice.  Ethical and professional responsibility is something that should be show and taken seriously.  There are plenty of businesses that did not show these things and are now no longer in business.  A good example of this is a business by the name of Enron Corporation.  This financial scandal involved their accounting firm and what happened was that there was an involvement of irregular accounting procedures and caused Enron to go bankrupt.  The unethical issue in this case involves an accountant and what they did was shred document that were involved in the audit of Enron and this accountant was convicted and forced to surrender its CPA licenses.  This is a prim example of what could happen if involved in an unethical situation.  This is also a good example of why it is important for all accountants to follow and practice good ethical values, because you do not want to end you like the accountant in the Enron case.





Article Source:http://www.articlesbase.com/accounting-articles/ethics-of-accounting-1399453.html


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Friday, October 30, 2009

The Importance of Accountants in Payroll Activities

Any business that has a staff of employees relies on accurate payroll accounting in order to ensure the proper imbursement of the employees as well as the monitoring of expenditures that a business covers month in and month out. A willy-nilly approach just won’t do when staff is waiting for their pay at the end of a work week, nor will it sufficiently answer the auditor’s questions when they call the account executive in for a look at the books.

This is what accountants do for a living. It is their daily fare, and as such it is a natural inclination to need and to seek the counsel of experienced and reputable accountants when handling payroll questions. In fact, this is the most practical and sensible step a business can take, regardless of the scope of their venture.

Even the smallest of businesses that maintain a temporary staff of two will have payroll issues that must be addressed each and every week. The payroll may be small, but the possible liabilities will not be if the government finds any mistakes on the tax returns at year’s end. Accountants are trained, educated, and required to answer these types of questions for business owners of any size, and they can also provide several options to their clients in how a payroll is handled.

The first thing that accountants can do for a business is help them to initiate a solid payroll system to begin with. This is often an afterthought in business planning, unfortunately, other than an awareness that employees must be paid somehow at the end of each pay period. Installing an efficient and flexible payroll scheme at the outset can help the business owner avoid coming up short when wages are due, as well as stay ahead of pending payrolls with intelligent asset management ideas.

Manual bookkeeping can be sufficient in the beginning for payroll purposes, and accountants are experienced in this undertaking, because they understand how to arrange budgets and allow for credit and debit effects on a business’ cash flow. They can also help to set up an electronic bookkeeping system when that becomes necessary, helping the business owner to learn how to use the system and how to customise it for current and future ventures.

The taxation side of wise payroll practices is perhaps one of the most important ways in which accountants can be of invaluable assistance. Tracking sales and expenditures is the lifeblood of a business, and learning how to predict trends in a particular marketplace and take steps to adjust the ledger so that those tax payments can be made in full and on time is just another way in which accountants earn their keep.

Sales and expenditures can also affect the profit margin vis-à-vis investment opportunities, and any chance a business owner has to ensure that payroll will be made not just this week, but the week and the month after should be taken full advantage of. Accountants have the expertise and the solid experience to help the business owner to recognize investment opportunities, and to have a grasp on how much of the available assets the business can safely invest.





Looking For a New Accountant? Find an Accountant in Plymouth. For details visit http://www.accountantsinplymouth.co.uk

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Cash or Accrual Basis of Accounting? Which Should You Select When Starting a Business?

One startup decision that seems to cause entrepreneurs unnecessary consternation is selecting the right accounting method -- cash basis or accrual basis. The primary purpose of the accounting method you choose is to calculate your business's taxable income for federal (and state) income tax purposes. Of course, if you register as an LLC and elect not to be taxed as a corporation, your business does not pay federal taxes, but choosing the right accounting basis is still important. Financial management is a critical key to success in small business, and the accounting method you use is an important tool for keeping you on track.

What Are the Two Accounting Methods?

The difference between the two methods is simply a matter of timing -- when business transactions are posted to the accounting system. With the cash method, income and expenses are recorded when money changes hands. That is, no matter when you close a sale or place an order, it does not go on the books until you get paid or the bill is due. Cash basis accounting is basically managing your business finances like you do a checkbook -- money only exists once it is deposited, and expenses only exist once money is spent.

With the accrual method, the transactions are recorded when they occur, regardless of when you actually get paid or pay the bill. That's pretty much all there is to it -- when the transactions are posted on the books!

If You Sell Products, You Must Choose the Accrual Method

Deciding which accounting method is best for your business is not particularly difficult either. First, if you carry inventory that your business sells to customers, the IRS requires you to use the accrual method, for good reason. Because the accrual method accounts for all income and expenses when they occur (and not when money changes hands), your financial statements reflect a more accurate picture of how your business is doing. If you sell inventoried products of any kind, the expense of making or purchasing those products occurs in line with your ability to sell them (at least on the books). The accrual method keeps these income and expense accounts in line. Otherwise, if you buy inventory on credit but make cash sales, your books will look like you bring in a substantial income with no expenses during the grace period for payment. Then, when payments to your suppliers come due, the books will show enormous expenses all at once compared to income. By using the accrual method, a financial report for any given period will be a substantially more accurate reflection of the overall health of your venture.

If You Only Sell Services, You Have a Choice

For micro-businesses (consultants, self-employment, etc.) that sell only services, the cash method of accounting can be a good choice. Because income and expenses are recorded only when money is exchanged, the cash method gives a more accurate view of how much cash is available at any given time. Keeping the books for cash basis is like keeping a checkbook, money in and money out. The downside of using the cash method is that it can reflect a misleading picture of your business's overall profitability and health. For example, if you extend credit terms to your customers, your income at a given time will not necessarily reflect the actual sales volume during that time. Cash can still be moving in and out of the business during periods of no sales, as customers pay invoices and bills come due.

Plan for the Long Term Growth of Your Business

Think ahead when you are setting up your accounting system. Choose the cash method only if you plan to stay small and you only plan to sell services over the long term. Otherwise, use the accrual method and work on learning how to manage all aspects of your business's financial health. If your plans are to grow a company rather than own your job over the long term, the accrual method is a better tool to show the ebbs and flows of the business's transactions. Of course, you will still need to review and analyze cash flow to verify the health of your venture.

Your small business accounting software (Peachtree Accounting is a great choice!) allows you to select either cash or accrual basis for handling your books. However, once one is selected, you are stuck with it unless you start over with a new company file and migrate your data. The reason for this is that the federal government's rules are the same -- if you want to change your accounting basis, you have to file paperwork with the IRS.

Successful entrepreneurship means knowing how to read and analyze the entire financial picture, and neither accounting method ensures that on its own. Don't rely on a single financial report to tell you how your business is doing, but learn to use multiple financial management tools to keep an eye on the bottom line.





K. MacKillop, a serial entrepreneur, is founder of LaunchX and authors a small business startup blog. The LaunchX System helps entrepreneurs who are starting a business. Visit LaunchX.com to learn more about the financial management of your business startup.

Article Source:http://www.articlesbase.com/accounting-articles/cash-or-accrual-basis-of-accounting-which-should-you-select-when-starting-a-business-1398516.html


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Book Table Online

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Contact us at 9999771788 for Online Food Ordering, Book Table Online and enjoy Restaurant Discount Coupons.

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Lead On Friday To Be Happy On Monday

"In fact, we often joke about "having a case of the Mondays" because nobody ever does."

I have mentioned in previous articles that I approach leadership from the "servant leadership" mindset. This means that I put the interest of my team before my own (of course, with the interest of my company's overall welfare as the focus). If your team is like most then you probably expect the typical Friday to be relaxed, light and less productive than other days, right? That's not exactly my expectation or what happens on Fridays at my company.

Servant leadership has lead me to give my team freedom to determine how, when and where they work as long as they live up to their responsibilities and deadlines. That has resulted in Friday being like most other days of the week â€" productive, relaxed yet focused and usually just as fun as a Monday. In fact, we often joke about "having a case of the Mondays" because nobody ever does.

Creating this type of work environment takes more than just telling everyone they can do as they please. It requires the company leaders to constantly reinforce the expectation of fulfilling roles, nurture clear communications to keep everyone engaged and to recognize the right times to deliver good and bad news. Having a case of the "Mondays" is directly related to how much you dread working on Monday so don't give your team something to dread. There's no point to having someone stress out all weekend over a problem that can, or even must, wait until Monday to address. As a leader I do my best keep the stress to myself until the time is right to focus on the issue. The result is everyone gets to work on Monday ready for action with a positive attitude.

Thanks for reading,

Richard Walker

(Blog: www.EfficientCEO.com)

(Website: www.Quikforms.com)





I became an entrepreneur when I started my first business at age twelve. My dream was simple: become a great leader and change the world. Today, as the President and CEO of Efficient Technology Inc, my vision is constantly being exercised and my goal is still the same. These articles are about the many facets of my passion for business: leadership, management, people, processes and technology. While I enjoy other passions like snowboarding and surfing, my focus is to share what I learn daily with everyone around me, and readers like you. I welcome your feedback and insight!

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Thursday, October 29, 2009

PBKS 4U provide service of VAT

Value Added Tax We provide the services of vat in the business concern because for normal persons or end-users of products and services cannot recover VAT on purchases, but business are able to recover VAT on the materials and services that they buy to make further supplier or services directly or indirectly sold to end-users. In this way, the total tax levied at each stage in the economic chain of supply is a constraint fraction of the value added by a business to its products, and most of the cost of collecting the tax is borne by business, rather than by the state.VAT was invented because very high sales taxes and tariff encourage cheating and smuggling. Critics point out that it disproportionately raises taxes on middle-and low income homes.

The value added tax system deals with these problems quite efficiently. As VAT is imposed on value addition â€" at every single stage â€" there is no incidence of cascading. In this way, the final consumers bear the burden of paying value added tax. We provide this facility that system involves absolute transparency at every stage of taxation, thereby making the tax system quite comprehensible and simple. It is only the fundamental of supply and demand. Either the demand curve shifts leftward, or the supply curve shifts upward. We provide the current information about the VAT and the rules made update for you, we also provide the methods to easy compute VAT these methods are given below:--

  • The Subtraction method: ---- The tax rate is applied to the difference between the value of output and the cost of input.
  • The Addition method: ---- The value added is computed by adding all the payments that is payable to the factors of production (viz., wages, salaries, interest payments etc).
  • Tax credit method: ---- This entails set-off of the tax paid on inputs from tax collected on sales.

We also provide an efficient cost effective VAT service, which includes: ----

· Assistance with VAT registration

  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimize future problems with Customs and Excise
  • Negotiating with Customs and Excise in disputes and representing you at VAT tribunals.

For more information please visit. http://www.pbks4u.co.uk





For more information please visit. http://www.pbks4u.co.uk

Article Source:http://www.articlesbase.com/accounting-articles/pbks-4u-provide-service-of-vat-1394936.html


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Wednesday, October 28, 2009

Why Some M&A Fail To Succeed

To read part 1 and understand what a merger and acquisition is, please go to: https://ivoireconsultancy.org/blogs/ivoire_article_view.php?id=54

Limitations of M&A

One should know that M&A as a strategy for rapid growth can be risky and uncertain. Shareholders of acquired firms are likely to earn above-average returns, while shareholders of acquiring firms’ shares fall as soon as an intention to acquire is announced. This is indicative that investors do not see M&A as a vehicle for achieving any added value to the acquiring firm.

Over the years we have experienced the failure of major M&A. Some manages are rather concerned with empire-building strategies rather than maximising shareholder value; the bigger the firm, the bigger the bonus and salary.

AOL Time Warner is an example of a US multimedia giant created in 2000 by the merger of AOL and Time Warner, new and old media industries. The merger was intended to exploit cross-promotional opportunities following the decline of AOL after the dot.com crash. However, the marriage failed to produce any intended synergy.

Some of the reasons link with M&A failures:

1. Integration difficulties
When two large organisations try to integrate their activities, this can be time-consuming and difficult- The existing organisational culture within each firm is a major barrier to merger. Companies really never integrate their activities some decades later.

However, some organisations like Cisco have managed to achieve effective post-merger integration. Cisco, an American company has developed strong capabilities in this area. The firm always allocate substantial resources to its M&A activities and make great effort in integrating financial, technical and human resources.

2. Inadequate evaluation of Target Company

Acquiring firms do not take sufficient time to evaluating the target company. Lack of a strong due diligence has been cited as the reason of the poor choice of take-over target.

3. Large or extraordinary debt

The revenue-generating activity of the acquired company can be over-estimated, pushing the acquiring firm to take on too much debt to pay for it. In the end, there is not sufficient revenue to service the debt.

4. Inability to achieve synergy

Lack of synergy could be cause for concern. Many companies have failed to achieve the intended outcomes because managers are too focus on their own interests and fail to identify problems within target firm operations during due diligence. Balance sheets of acquired firms could show bad debts that are not mentioned prior to the bid.

5. Too much diversification and too large

Successful managers are too often distracted by M&A and end up destroying what they have already achieved organically, by, losing sight of the core business activities and, investing in activities that fail to maximise shareholders value. In the end the organisation become so large that managers struggle to control.





Ivoireconsultancy.org is an online outsourcing site where businesses and consultants meet to work on projects.

Article Source:http://www.articlesbase.com/strategic-planning-articles/why-some-ma-fail-to-succeed-1391980.html


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Tuesday, October 27, 2009

Should the U.S. switch to IFRS?

The International Financial Reporting Standards (IFRS) are used in preparation of financial statements.  These standards are created by the International Accounting Standards Board (IASB).  These standards are currently required or permitted in over one hundred countries.  Some of the countries using these standards include Russia, Australia, Singapore, South Africa, Saudi Arabia, and every country in Europe (The European Union).  Many countries are also in the midst of converting to IFRS.  Some of these countries include Canada, Japan, Mexico, India, and the United States.   The United States is currently using Generally Accepted Accounting Principles (GAAP).  These principles are set by the Financial Accounting Standards Board (FASB).  However, in 2008, the United States Securities and Exchange Commission (SEC) set up a roadmap on the conversion to IFRS from GAAP.  This roadmap set 2014 as the proposed year in which the mandatory adoption to IFRS would begin.  The SEC has planned to meet in 2011 to decide if they should set an exact date for the adoption of these standards.  The question is though, should the United States really be switching to International Accounting Standards.

      The United States should implement IFRS in place of GAAP to go along with the rest of the countries using these standards.  The world is getting more globalized as more and more countries increasingly become more developed, and this causes a strong need for common financial standards to be used across the world.  The United States is one of the most advanced countries in the world, and they need to join all of the countries currently using International Standards.  Having the same financial standards would create a ton of benefits for the United States and other countries as well.

The main benefit is that United States companies will have a better understanding of the global market with countries using the same accounting standards.  They will understand better, because they now will have comparable financials to all the foreign countries using IFRS.  American and foreign companies would be able to better compare financial statements with one another.  These comparable financial statements would give American companies easier access to foreign markets, and would also give them a better chance to produce foreign capital.   Investors will also benefit from comparable financials, because they will finally be able to fully compare American and foreign companies.  This could lead to a large increase in foreign investment.  American and foreign investors will be able to get as much as possible out of their investment through a global standard of financials.  Another benefit of IFRS is that it would help cut the costs of some American companies.  Like, I said earlier the world is more globalized now than ever before, and globalization will continue to increase.  There are a lot of companies in the United States right now that have domestic and foreign operations, and these companies are required to fill out two sets of books right now.  One under GAAP, and the other set follows IFRS.   The adoption of IFRS will allow these companies to cut costs by only having to fill out one set of books.   However, there are some disadvantages to switching to IFRS.

                The major drawback in switching to International Standards is the transition.  Companies will have to learn the International Standards, and they will have to educate and train all of their current employees along with new employees.  This will be a very costly period for a lot of companies especially if they are not prepared for the transition.  The other disadvantage is that college education courses will have to completely change.  All of the teachers will have to learn IFRS, and institute that into the classes in replace of Generally Accepted Accounting Principles.  Transitioning to IFRS will be extremely difficult during the first few years, but it will become easier once college graduates come out educated in International Standards.  Companies and colleges can counter this tough transition by being prepared for it as soon as they know the switch to IFRS will be taking place for sure.  With advanced notice of the switch companies can begin training their current employees before the new standards are put in place, and colleges can start implementing IFRS into their curriculum.  I am an accounting major, and during a few of my classes we’ve touched on differences between IFRS and GAAP.

                The United States switching to International Financial Reporting Standards should be done, because it would be a great benefit to the U.S. as well as other countries.  Even with a tough transition period the switch to International Standards must be done in order to create global accounting standards which will better improve the global market.





Article Source:http://www.articlesbase.com/accounting-articles/should-the-us-switch-to-ifrs-1371025.html


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Know about American style dining restaurants

American style dining has come up with various types of restaurants and bars. Restaurants and bars fall into several categories based upon menu style, preparation methods and cost. In addition, the way food is served to the customer decides up on the classifications. Traditionally, restaurant simply refers to places that provided tables where one sits down to eat the food or meal, normally served by wait-staffs. Following the rise of fast food and take-out restaurants, or an older "standard" restaurant was created, and that is called sit-down restaurant. This sit-down restaurant refers to a casual dining restaurant with table service rather than a fast-food restaurant where one orders food at a counter. Sit-down restaurants are sometimes categorized as "family-style" or "formal" style restaurants. American Fusion cuisine, suggest dining with a large wine bar.

There are different kinds of food restaurants available with bars that will well portray the real style of Americans. The American Style Dining Restaurants have come with different types that includes

1. Fast-food restaurants

2. Fast casual dining restaurants

3. Family style restaurants

4. Casual or bar dining restaurant

5. Fine dining restaurants

Most people are fond of different foods. It would be better when you happen to be dining together in restaurants or bars. Outdoor patio dining creates very much pleasurable experience to have fun and dine together to talk. Variety is the spice of life. A good American affordable restaurants got dishes like, Prosciutto, Manchego, Basil Flat Bread, Dungeness Crab, Artichoke Hot Pot, Hot and Spicy Chicken, Guava Glazed Sticky Ribs, Braised Spanish Pork Roast, Chilean Seabass with Lemon-Curry Yogurt, Cornbread Cheddar Skillet simply to name a few.

Other types of restaurants includes

1. Cafés and Coffee shops are informal food restaurants.

2. Cafeteria food restaurant serving mostly ready-cooked food that is well arranged behind a food-serving counter.

3. Coffeehouses are casual restaurants without table service that note coffee and other beverages; typically a limited choice of cold foods like pastries and perhaps sandwiches etc.

4. Historically, pubs were mainly drinking establishments with food in an obviously secondary position, in contrast, the modern pub business relies on food also to the point where gastropubs are basically the fine-dining establishments, noted for their high-quality pub food and at the same time for high prices. A typical pub has a large choice of Beers and Ales on tap.

4. In US, Buffet popularized the "scatter buffet", which refers to the layout of different food pavilions. Other American restaurant chains well noted for their buffets include Golden Corral, which features food products presented in pans, Souplantation/Sweet Tomatoes, Cici's or Gatti's Pizza, Fresh Choice, Ryan's and Ponderosa Steakhouse, Pancho's Mexican Buffet etc.

Maxsworld restaurants have flavors for all palettes. Set in the historic south bay, the restaurant is a brick and timber building with a large island bar serving different cocktails. Maxsworld dining experience comprises of delicious food, cheerful service and a great ambiance that gives a great place for after work, pre-game festivities, and dates to name a few. American style dining south bay restaurant is the great place for Girls night out, Buffet Brunch and Mom's night out etc.





Lumla is an expert SEO copywriter for outdoor patio restaurants. She written many articles like outdoor patio dining, affordable restaurants, sunday brunch restaurants san jose, south bay restaurants etc. For more information visit san jose restaurant scene

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Learn To Push Buttons Like Henry Ford And Explode Your Business

One of the biggest benefits of outsourcing is tapping into someone else's expertise. If you try to become everything to everyone, you won't get the results you want. There are so many sources of automatic training available to tap into it's almost ridiculous to think that anyone would have to spend time training reps themselves.Without a doubt, the biggest drag on the momentum of building your home business through the direct selling model is the task of training, supporting and motivating your new reps. You should be doing the activities daily that keep you generating the most profit... recruiting and selling all day long. Getting into "management mode" by stopping to train your team, can KILL your business.


Do What the Pros Do

Some of the highest paid achievers in our industry are leveraging their time by outsourcing their organizations' training, development, motivation and support. They have more time to do what makes them the most money. How do they do it? They have partnered with a support system that does this for them.  They recruit and sell all day long and after some initial one on one, they refer their reps to an online training system that can provide weeks and weeks of training.  There are free generic support groups like Mentoring For Free and paid or subscription resources such as Dani Johnson and MLM Lead System Pro.   Additionally, many MLM companies have built-in training for new reps.  Some are better than others though.  Some are just useless.

You Can't Be A Leader Bee If You're Busy Being A Worker Bee

Freeing your mind from the tedious process of training people on how to set up websites, capture pages, call leads, have a better presence on Facebook or Linkedin, etc will allow you to be an inspirational leader instead of a professorial one.  You don't need to try to do it all yourself.  In face, you CAN'T do it all by yourself.

Delegate or Die !

Truth be told, you will probably lose a few reps along the way.  Those that need their hand held every step of the way.  It's happened to me and while it's a shame to lose them, you'll find you are better off with self-starters.  Hand-holding can bleed you dry and keep you from doing the things that drive your business forward.  Delegate or Die !

Henry Ford once said in regards to his apparent lack of knowledge in some areas, "I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid men who can answer any question I desire to ask concerning the business to which I am devoting most of my efforts.

Each and every one of us has at our disposal infinitely more "buttons" than Henry Ford could ever even imagine.  Give it a shot and get some new prospects and reps some kick butt training.   You'll be glad you did.





Article Source:http://www.articlesbase.com/strategic-planning-articles/learn-to-push-buttons-like-henry-ford-and-explode-your-business-1383788.html


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Monday, October 26, 2009

Working Towards a Global Convergence of Accounting Standards

Although some would consider the U.S system of financial reporting one of the most efficient in the world, many would also point out that we have many inefficiencies. This can be seen through the multiple scandals in major US companies such as Enron and WorldCom, and with rapidly increasing technology and the ability to communicate across the world in seconds, it is clear that a global standardized set of accounting principles will soon be a necessity. Though a convergence of accounting standards to a “one-size-fits-all” method of financial reporting is enticing, there are multiple road blocks that prevent us from instituting a universal system. However, despite the problems, there are many who are working to initiate a global convergence of accounting standards and principles

Though the Generally Accepted Accounting Principles (GAAP) have acted as a suitable and reliable set of standards, it is comprised of items from various organizations that vary in format, unity, and structure, and at times GAAP has been considered inconsistent and difficult to interpret. As financial reporting has been becoming increasingly more complex, stock holders and non experts have expressed concerns about how foggy some company’s financial statements are. Similar to some of the issues expressed by the stock holders, companies have let their concerns with the inconsistency of our current financial reporting system be known. Additionally, they have stated that often times it is very difficult to ensure accuracy in their financial statements given the complexity of the GAAP requirements. The GAAP also tends to be more conservative compared to financial accounting standards in other countries. This is due to, in part, the legal implications that come with issuing a financial statement. In short, accountants are worried about being sued. This differs somewhat from the International Financial Reporting Standards (IFRS), which is primarily based in Europe. Because financial accounting laws are different across the way, it is more difficult to sue accountants. With this conservatism consistent with GAAP, coupled with the lack of clarity of financial requirements, comes multiple public companies restating their previous years financial reports as to prevent lawsuits. In 2007 nearly 10% of US publicly traded companies restated their prior financial reports. Not only is the restatement of financial reports costly to companies, but it also can shake the confidence of their current investors and deter future stock holders.

One major issue in the convergence of accounting standards deals with the detail that financial reports should be presented. While the majority of people in the US who hold stock would prefer a broader more abridged format of financial statements that are easily understood, there are users of financial accounting statements, such as market analysis and other financial professionals, who would prefer a more detailed account of financial reports. Users of financial accounting statements simply have overlapping and conflicting needs for financial data of a variety of types.

We are getting closer to a two system world accounting standard every day. The majority or Europe and developed Asian countries use the IFRS, and the US GAAP is currently the most widely used set of accounting principles throughout the global capital market. Despite the problems that face a global convergence of accounting principles, with today’s rapidly increasing technology, it is looking like more and more of a possibility. In fact, the Accounting Standards Board of Japan (ASBJ) met with the Financial Accounting Standards Board (FASB) in Norwalk, CT on October 22, 2009 to discuss their common goal of instigating a set of global accounting standards. This was their eighth time meeting, and it is clear that a global convergence is a priority. However, that is not to assume that we should expect a universal accounting standard in the near future. There are many cultural and legal implications that must be taken into consideration before a complete and total convergence of principles can be achieved. In order for a universal set of accounting principles to work, the stock holders, market analysts, and accountants must all evolve with the changing market and quickly learn to adapt the new principles. In addition, the legal system must also adapt to this new standard. Initially a set of universal accounting standard will leave the accountants open to significant subjectivity. (Fortunately, this should subside as people become more and more comfortable with a universal system.) Therefore, a modification of the legal standards concerning accountants is a necessity. It would be ignorant to assume that a convergence of accounting standards will be an easy thing to achieve, and financial reporting will remain complex. However, we will see a global convergence of accounting principles in the future. The question is simply whether that future is five years or twenty years away.

Sources:

Kemp, Robert. "A Closer Look At Convergence of Accounting Standards: The Reality of Our World - GLG News." Gerson Lehrman Group - The Expert Network. Web. 21 Oct. 2009. <http://www.glgroup.com/News/A-Closer-Look-At-Convergence-of-Accounting-Standards--The-Reality-of-Our-World-9184.html>.

"View Point: Convergence of IRFS and US GAAP." Www.pwc.com. Ed. Edward Smith. PricewaterhouseCoopers, 7 Apr. 2007. Web. 23 Oct. 2009. <http://www.pwc.com/en_GX/gx/ifrs-reporting-services/pdf/viewpoint_convergence.pdf>.

"Accounting Standards Board of Japan Meets with Financial Accounting Standards Board to Discuss Global Convergence." Public relations, press release distribution, investor relations, SEC filing | Business Wire. Ed. Christine Klimek. 22 Oct. 2009. Web. 25 Oct. 2009. <http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20091022006369&newsLang=en>.

Conrad W. Hewitt, “Opening Remarks Before the Initial Meeting of the SEC Advisory Committee on Improvements to Financial Reporting,” US Securities and Exchange Commission, Washington, DC. (August 2, 2007)

Keiso, Donald E., Jerry J. Weygandt, and Terry D. Warfield. Intermediate Accounting. Thirteenth ed. Madison, Wisconsin: John Wiley & Sons, 2007. Print.





I am currently a Junior Accounting Major at West Chester University

Article Source:http://www.articlesbase.com/accounting-articles/working-towards-a-global-convergence-of-accounting-standards-1379167.html


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Sunday, October 25, 2009

Bold Ideas Concern Arab Palestinians and Jews

Hasan A. Yahya , Ph.Ds

This articles deals with two bold ideas concerning the Palestinian Arab and Israeli conflict. The first  idea about compensations of lands, possessions  and businesses in occupied Palestine as Jews of the Holocaust did?  The second about Palestinians and naturalization in Arab and non Arab host Countries?

 Mental ability to think logically is a gift. Unfortunately, culturally, to deal with Jews and Palestinian Arabs is not equally perceived. Unlike Arabs, Jews as well as European and other advanced nations use these mental abilities  perfectly. Our concern here, is Israeli mentalities to deal intelligently with the occupation and their management skills inside and outside Israel to handle occupation and politically secure Palestine as a home land.  

To begin with, it  is a remarkable case, Jews used it perfectly and intelligently. They used their mental abilities to support  the idea which made  Holocaust victims paid for compensation of their homes, businesses, lives, and possessions in Germany, while Arab Palestinians were suppressed to do the same locally, regionally, and internationally. 

In the case of TWA incident years back, Libya paid about two billions for a small number of TWA victims (even though it was not from the ruler pocket, but there was compensation, and the person who was supposedly in charge of the operation was as part of an intelligent (humanitarian) deal recently released).

But the question raised among most Palestinians in recent survey (62% percent in West Bank, 49% in Gaza Strip, and 78% in Europe and North America). So the question was raised “Why Palestinians  are denied from such compensations?  They were and still victims of Israeli aggression and occupation? Why is it that Jews get compensation till today, where Palestinians are not permitted to be considered as Jews in compensation. Aren’t they human like Jews.  One of my friends told me that in his childhood his dad was preparing to build their new home in their land near Jafa. The father bought the cement, the wood and the stones  in  1948, but they did not have the chance to have their own home built  in Palestine as the family planned. It is amazing to live on the hope to return to one’s home for sixty years and not expect compensation.

History told us, in secret or loudly announced documents, that rich people and even some rulers have sold large pieces of Palestinian lands (total some thirty villages, and compensate away from other peasants of the time ) to the Jews who bought these lands and settled on it.

In conclusion,   I strongly support the idea. I think it is a legal question: Why Palestinians are denied to practice their right to have compensations for their lands, business, and possessions after leaving their land by force? The question in itself may contribute in solving the almost century conflict in the Middle East, as well as Palestinian naturalization in host countries, which will be next dealt with. (608 words) www.dryahyatv.com





Hasan A. Yahya is an American Arab scholar, and a professor of cultures and sociology. He published 19 Arabic and 8 English books and 200 plus articles on sociology, psychology, politics, poetry, IQ Test Measurement and short stories in both Arabic and English. His articles may be found on articlesbase.com, Face book and other internet sites. His recent book published on Amazon titled: Therapy Cases: Mental and physical, 2008, and Lawlaki: Poetry Diwan, 2000 Bayt Min al-Shi'r al-Arabi. (all in Arabic on amazon- 2009). His recent activities reflects his talents and knowledge on youtube’s Dryahyatv.com Dr. Yahya resides in Michigan, USA. Dr. Yahya has four children and eight grandchildren.

Article Source:http://www.articlesbase.com/strategic-planning-articles/bold-ideas-concern-arab-palestinians-and-jews-1378864.html


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Tips for Writing a Restaurant Menu

The restaurants in Leeds is a very important part of any restaurant as it lets the patrons know what you have to offer in the restaurant and its rates. On taking a look at the restaurant’s menu, patrons will know what type of a cuisine you serve, and thus, the menu is something that should not be written in a hurry. As it can be considered to be an advertising or marketing tool, lots of thought and consideration has to be put into writing a restaurant menu.

The restaurants in Leeds consists of three important parts, its description, format and prices. Though the description is what helps a customer know about the type of dishes you have to offer, it has to be short and sweet as not many people are patient to read through long descriptions.

At the same time, the description shouldn’t be monotonous, but interesting enough to make the customer’s mouth water. You could include the dish’s major ingredients and use ethnic names for befitting dishes to make the menu more authentic.

Avoid using technical jargon

Don’t add too much of technical jargon in the menu as not all patrons will be able to read, and understand all this. Never mention numbers in your menu as it only makes it difficult for you to make adjustments in your portions.

At times, you may have to serve fewer pieces than you usually do; and if you mention the number of pieces in the menu, doing this will only make the customer feel that you have cheated on them.

Regarding the format of the restaurants in Leeds, the most important thing to note is that the colours you use in it has to match your restaurant concept and location. Like if you have a Mexican, French or Italian restaurant, preferable colours for the menu are vibrant colours like purple, red, turquoise and green.

Even the font you use in the menu should match your restaurant concept. Whilst classic script fonts are great for a French restaurants in Leeds, if you have a sports bar or any similar casual restaurant, it is better to use a less formal font. No matter which font you use, make sure they are readable, and not too difficult to read.

How to price your restaurant menu

The pricing of your restaurant menu should be dependent on food cost and production control. Whilst you should earn a profit in your dishes, your prices should not be much more than the local market prices. In addition to this, you can earn a profit in your menu by striking a balance between cheap and expensive dishes.

Besides your regular menu, you could create special restaurant menus on holidays and festivals. These menus commemorate the holiday or festival, and let you introduce new items to the menu.

Whilst designing your menu, make sure you don’t add any clip art to it as it only makes the menu look unprofessional, and that it was made on your home computer. Instead, use the help of a graphic designer to create pictures that make your restaurant menu look special.





For more information and resource on starting and running a restaurant, please visit http://www.yorkshirefoodguide.co.uk

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Saturday, October 24, 2009

ATTITUDE… As a man thinketh, so he is

ATTITUDE…  As a man thinketh, so he is.

When those words were first spoken, what was it’s meaning?  Language as we know it today has changed or interprets meanings differently than it’s original intent.  Even the language written in the countries founding documents require the Supreme Court to interpret, rightly or wrongly, many of it’s original meanings on a variety of topics.

But, what does it mean, ‘As a man Thinks, so he IS.’?

We’ll, there is another saying that is circulated more that may put some light on it; and that is, ‘You are what you eat.’  The out come of this statement is readily seen in many cases.

Let’s Rephrase It.

You IS what you Think On or About,

You Are what you think

or a favorite,

Garbage In, Garbage Out.

When someone takes full control of and has an understanding of this concept, they will understand that, they highly influence their own destiny.  That is a strong statement.

Like many homes today I came from a broken home, but in my day it was not the norm and there was a much larger stigma and social pressures from society in my day.

Both my parents were alcoholics; they were physically and verbally abusive to each other and to my siblings and myself.

To avoid being home and to make money to buy candy and such, you, things that are important to a kid and because my parents drank any allowance I would have gotten, I did what the Little Rascals on TV did.  I started my first business.  I went to the local Bars, and Taverns (where else) and sold ‘Shoe Shines’.

When my allowance, if I got one, was 0.10 cents a week and I could make $1.00 - $1.50 A DAY shining shoes, why did I need my allowance.  I also opened doors at a local Fine Dinning Establishment for tips and sold Christmas Cards Door to Door.

When I was 7, just 18 months after my parents separated and eventually divorced, I and my siblings were placed in a home for kids, that were without parents and those who’s parents could not handle them because of behavior issues.

I WAS ABONDONED!

I was a talented artist and had aspirations of working with a well known animation company.  After applying for and being accepted to the High School of Art & Design, I though I was on my way to designing my life and working in my dream job when I graduated.

Because I mother did not ‘give us up’ but kept parental rights, I believe to get child support from my father, my ‘legal address’ although my physical address was in the home and she did not visit, was where she resided.

When she moved outside of the cities limits, I was no longer eligible to attend that school.  Dreams shattered.

This pattern continued until ‘I’ had control of my own life.

Not knowing what I was doing, but knowing I did not like the life I had or those who were guardians of my care, I took on ROLE MODELS of people I wanted to be like and who seemed to me as a kid were nice.

While others were reading comics, although I liked Spiderman, the Hulk and Thor, I read books from many Motivational Leaders and Sales Gurus of the day.

They both had several major themes that inspired me.

Regardless of circumstances, I CAN BE WHO I WANT TO BE.

Yeah Right! A kid like me, how?

BELIEVE!  Believe in yourself.  ‘Still not helpful.’ I was a product of my environment.

Then came the application.  As hard as it sounded to believe and it being against all forms of logic, seeming like hocus pocus, each book, from these unknowing surrogate parents, thought me to visualize what and who I wanted to be.  But not who I wanted to be, but more on who I say myself AS BEING, NOW.

The advice was to see myself as if watching myself on a movie screen as playing out the part of the person I wanted to be, but was, in the movie.

So I did that.  As a Man Thinks so he is.

I thinks, I is a.  And I filled in the blank and say the pictures in my mind.  I played the pictures in my mind, over and over again.  In the physical works I played out the part of a big shot and because of my change of perception of myself, I became the person I set out to be.

My friend.  I am here to tell you that, if you want to be a millionaire, you must do what millionaires do; but MORE IMPORTANTLY, you must NOT DO what millionaires don’t do.

(But don’t think small there either, Think BIG!  Go for Billionaire!)

In his book, ‘Thinking For A Change’, John C. Maxwell puts it this way

  • UNSUCCESSFUL people focus their thinking on SURVIVAL.
  • AVERAGE people focus their thinking on MAINTENANCE.
  • SUCCESSFUL people focus their thinking on PROGRESS.

One of the saying I often use when coaching people is, “ If you keep hanging out with Turkeys that scavenge on the ground for scraps and eat dirt, you won’t have time to soar with eagles above the mountains and who get the prime meats.”

That combines a number of sayings that are similar, but I believe it creates a better visual.

Allow me to close here by leaving you with this morsel paraphrased from Thomas Edison.

Don’t let your education (past learned and practiced understanding of reality) get in the way of your schooling (the ability to adaptive and be open minded to new ideas and apply them).

Go in Peace, Love and Prosperity!





About the author:

Albert Johansen has been an entrepreneur since he was a child. His first ‘Real’ business venture was buying an 8-unit apartment with a friend. He’s had a Limo Company in NY, A Dance Company in FL, A Furniture Repair and Restoration Company in MI, A Mortgage Company in MI, NC, & FL, A Telecommunication Company in Florida.

His recent ventures include Being a Close Protection Operative (Bodyguard work) www.ExecutiveProtectors.com, and a Gunsmith, www.PatriotGunsmith.com

But the love he has for helping others in his Global Marketing and Consulting Company, he says is a joy. See his myspace page at: http://www.myspace.com/JohansenMarketing

You can also follow him on Twitter: www.Twitter.com/JohansenMrktg

Email: JohansenMarketing@GMail.com

407-579-7557

Article Source:http://www.articlesbase.com/strategic-planning-articles/attitude-as-a-man-thinketh-so-he-is-1368447.html


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Straight-Line or Double Down Depreciation Method?

                Let us start with a simple question. When is it best to use the straight-line method or the Accelerated method when reporting depreciation? But, to answer this question the quadrant would need to understand the differences between the two. Recognize the benefits and faults of each method when put into practice. Is the straight-line depreciation method better suited for tax purposes or should it be used for financial reporting? The quadrant could look to industry; seeing that the straight-line method is used for reporting to stockholders by most firms. To see why we would need to study how the straight-line method works and why it is better used for financial accounting.

                The key to understanding anything is to always start with the basics. The simple mechanics of how the straight-line depreciation method works and even what depreciation is. Simply defined depreciation is a term used to spread the cost of an asset over a span of several years. In other words, it is the reduction in the value while that asset is being used by the company or organization. The straight-line depreciation method is one way of recording this reduction in value.  This method calculates the annual depreciation expense by taking the cost of the fixed asset minus the scrap value of that asset then dividing by the life span (the number of years the fixed asset will be in use).  For example, a fixed asset that depreciates over six years is purchased by a firm. The cost of that asset is $35,000 and it has a scrap value of $5000. The calculated annual depreciation expense will be $5000. This method is used in financial accounting because it allows for the firm or organization to report a higher net income in the earlier years to the stockholders. Financially it makes the company or organization look better to current investors and future investors.  But for tax purposes it might not be the company or organization’s first choice for recording depreciation.  Often the company or organization will use a method such as the double declining depreciation method because of its benefit to maximize the early tax deduction.

                How can the double declining depreciation method help with maximizing the early tax deductions for a company or organization’s fixed asset? When the method is broken down to mechanics it becomes easy to see. The double declining depreciation method, like the straight-line method, is another way to record the reduction in value of an asset while it is in use.  In this method the annual depreciation expense is calculated by doubling the straight-line depreciation rate then multiplying it by the asset’s net book value at the beginning of the year. So, hypothetically, if a company or organization’s fixed asset has a twenty percent straight-line depreciation rate the double declining balance depreciation rate would be forty. But, unlike the straight-line depreciation method, when using the double declining depreciation the depreciation expense is recalculated each year using the previous year’s net book value at end of year. The early calculations are noticeably higher forcing higher taxes early on. But, the benefit to using the double declining balance depreciation method is that as the fixed asset is used throughout its life span the depreciation expense decreases significantly.  So, companies and organizations choose this method so they can pay a larger sum of the taxes upfront instead of having to pay them further down the road.

                If you think about it, it does make sense why each the straight-line depreciation method and the double declining depreciation method are used for different types of reporting. While the straight-line depreciation method allows the company or organization to reflect higher earnings for their investors the double declining depreciation method lets them take care of the higher expenses up front for tax purposes. Companies and organizations would prefer to have the tax deduction earlier in the life span then later. When explained simply the benefits of these two methods are easy to spot. But remember this is just an outline of the simple mechanics of these depreciation methods. In practice there are a number of other technical challenges that should be considered when calculating the depreciation. Such considerations could be a re-estimated salvage value, investment asset improvement or a change in the life span of the fixed asset. But with the understanding of the basic calculations and benefits of the two different methods it becomes easier to expand into more challenging examples of depreciation reporting. As well as to understand how it effects both the income and balance sheet statement.





Article Source:http://www.articlesbase.com/accounting-articles/straightline-or-double-down-depreciation-method-1320996.html


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Friday, October 23, 2009

Top Tips for Creating a Business Marketing Plan

Writing a business marketing plan is always the first step to achieving your business goals. It’s important to create a well-researched marketing plan because it will surely lead you to a profitable and successful sale.

If you’re planning to put up your own cleaning business, it’s imperative that you have your own marketing plan even if you’re catering to a niche market. This will assist and guide you in your daily decision-making which in turn, will be your key to success.

Let me give you some tips on how to start your business marketing plan to keep your commercial cleaning business thriving despite our sluggish economy:

Tip 1: Planning on how to allocate your capital is one of the factors you need to consider when creating a business plan.

On the one hand, spending on expensive but quality cleaning materials and equipment might lead to slower return on investments. On the other hand, if you scrimp on equipment and cleaning materials, the quality of your service would most likely suffer. You obviously have two choices: cheap equipment but faster ROI or expensive equipment but slower ROI. The key here is to find a balance between cost-optimality and quality service.

Tip 2: Setting a price can make or break your cleaning business. Is your cleaning service priced too high or too low?

Your business marketing plan should also be based on the law of supply and demand. If your business is located in an area wherein there is pretty much non-existent cleaning business, then you could price it accordingly to position yourself into your customers’ mind as the market leader. However, be sure to provide quality service so that your customers’ will get their money’s worth. If your cleaning business is located in a highly competitive neighborhood, then you have to lower your prices accordingly. Always keep this in mind whenever you’re studying the pricing strategy: your markup should be within the reasonable value which leads me to…

Tip 3: Know your competition. Are there are a lot of cleaning services sprouting left and right in your neighborhood? Do you still want to take the risk strong amidst the strong competition? If yes, try to set yourself apart from the rest of the pack. Offer complementary products that your competitors haven’t thought of yet.

Tip 4: Set a deadline. When is your target launch? When do you expect to break even or recoup your investment?

Setting a deadline will drive and motivate you to be consistent. This will also keep track of your progress as well as help you spot your strengths and weaknesses.

More often than not, these factors are often taken for granted. What makes a business marketing plan effective is when you exhaust all possible scenarios. Once you’ve come up with the best AND worst possible scenarios for your cleaning business, then it’s time to put your plan into action!





Jeremy Gray is a successful entrepreneur and a commercial cleaning business owner. He also owns and maintains CleaningBusinessSecrets.com. Head to his site if you want more information on how to write an effective business marketing plan.

Article Source:http://www.articlesbase.com/strategic-planning-articles/top-tips-for-creating-a-business-marketing-plan-1366670.html


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Financial Statements & Directors Report

The Directors are responsible for preparing financial statements for each financial year in accordance with the Financial Reporting Standards (FRSs) and general accounting practice. The statements must give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. This requires the faithful representation of the effects of transactions, other events and conditions in accordance with reporting standards.

Preparing the Annual financial statement is a tedious task which needs meticulous processing of records of financial transactions. At Asiabiz our experts can minimize the pressure on your in-house resources by helping you in

  • selecting and applying suitable accounting policies
  • preparing financial statements in line with the International accounting standards
  • presenting information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information
  • providing additional disclosures to enable clear understanding of transactions, other events and conditions on the entity’s financial position and financial performance

Companies are legally obliged to include a Directors Report in their annual financial statement. The report must give a fair review of the company’s financial and operational results and condition and also include additional information such as dividend recommendation, reserved earnings, details of directors and their interest, principal risks and uncertainties etc.

Directors Report is an important communication medium for a company to interact with various interest groups such as investors, creditors, government bodies, business analysts etc. Therefore it is essential to ensure that the report includes all the relevant information succinctly yet without any ambiguity. Asiabiz can help you draft a Directors Report that is fairly simplified yet comprehensive in addressing the key elements.






AsiaBiz is a one-stop corporate solution for all your Singapore company incorporation and immigration requirements. Our mission is to facilitate our clients to breeze through all their corporate needs from the incorporation process, accounting, tax and Singapore immigration services.


www.asiabizservices.com

Article Source:http://www.articlesbase.com/accounting-articles/financial-statements-directors-report-1361834.html


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Huge Variety Of Restaurants In NYC

New York City is known as a city that never sleeps. There are huge variety of restaurants operating 24 hours and 7 days a week. All types of restaurants in NYC can be found. Sushi, dim sum to hot dogs and donuts are available in the New York City.

In New York City there is wide variety of restaurants for you to be able to enjoy a great meal. It’s a home of some of the world’s greatest restaurants. Whether you want a fancy expensive dinning or just some delicious pizzas you can find it available in NYC at any time.

South street seaport is a popular tourist destination. There are a wide variety of restaurants here and you can enjoy the meal avoiding the usual neighborhoods tourist traps.

NYC is a great place to enjoy delicious Pizzas. If you ever visit New York do not miss trying out the delicious pizzas.

Steaks hmm yummy the juicy porterhouse or New York strip steak the NYC steakhouses offer a delicious steak options. You can find the old NYC style to the trendy steak house restaurants in NYC for everyone to enjoy.

You can take your kids too, there are restaurants in NYC for families too and you have a great number of choices of these restaurants to choose from.

Restaurants in NYC also offer fantastic Prix-fixe lunches without pinching your purse. There are some outstanding restaurants to choose from. You can save money and still dine on the tasty and delicious variety of cuisines in these budgeted restaurants.

There are  restaurants in NYC Chinatown who offer delicious food at affordable prices. The food is suitable to all sizes of groups as well as families with children. You can find countless options which include restaurants that serve Cantonese, Sichuan and Shanghai cuisines here in Chinatown.

There are restaurants in NYC called the pre-theater restaurants. You can enjoy your meal and get on in time for your Broadway show. Some of these Pre-theater restaurants offer prix-fixe menus allowing you to enjoy a meal at a reasonable price.

Restaurants in NYC give you a great option of restaurants for breakfast. You can avoid the mediocre meals. You have options from bagels and lox to dim sum and everything in between. Do check out these restaurants to enjoy the great New York breakfast.

Restaurant in NYC including Brooklyn, Queens and Manhattan offer vegan friendly dinning and the vegetarian restaurants with vegan options ranges from street carts to sophisticated restaurants.





Author provides information about restaurants in nyc , Restaurants In NYC and top rates restaurants in new york.

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Thursday, October 22, 2009

Choosing the Right Business Model for Your Startup

There are many ways to set up a business model, and more are developed every day with the growth of the world wide web. The classic brick-and-mortar storefronts, pure service ventures, and manufacturing and warehouse models still exist, but have been expanded from their classic versions to remain competitive in today's environment. In addition, purely web-based businesses and incorporating internet opportunities into the classic models have been added to the mix. These various distribution channels serve to both multiply the startup opportunities and increase competition for consumer spending.

With so many options available for how you set up your business, it is critical to consider which alternative best fits both your personality and your business idea. If you are looking forward to working with the public and doing something different every day, a purely online business is probably not for you. If you are eager to work independently with few distractions, and you prefer to be in an office in front of the computer most of the time, a brick-and-mortar store is probably not for you. Be realistic about the environment that motivates you to do your best work. Brainstorm the different ways that your business idea can be developed to be successful in that environment.

Different business models require different resources to successfully launch. A brick-and-mortar store or manufacturing operation requires significant startup capital to cover the lease costs, furniture, fixtures and equipment (FF&E) expenses, staff to cover the open hours, and inventory. A purely online retail business requires more time than capital -- it can take months to show up on the top search engines, especially if your business's key words include significant direct or indirect competition. The actual expenses can be kept fairly minimal, as you can use dropship distributors so that you carry no or very little inventory or you can use a just-in-time inventory system to keep your costs down. You can run the business from home so that your overhead expenses are kept low as well. If you have a good idea of the resources you will have to launch your startup, develop a business model for your startup that is within those means.

Whatever your basic business idea, there are likely a number of business models that could be effective for launching and growing your venture. Ultimately, it is best to diversify both in product and distribution channel, and those future expansions should be in mind when determining where to start. For example, if your goal is to own a chain of pet supply and training stores but you don't have the funding to open even one storefront, consider starting out with a limited online retail store. Add self-published how-to books for training and animal care and perhaps a local in-home training service. Build a reputation as an expert by submitting good articles to websites and print magazines that draw your target customers. Consider adding seminars on related topics for other trainers or pet owners. Over time, you will increase your revenues to the point that leasing space is within the budget, and you will have multiple income streams up and running before your overhead becomes a major factor.

The business model you choose is not the primary factor in whether your business succeeds. Many business ideas can be modified to fit different methods of distribution, as long as the benefit to the customer is convincing. Selecting a business model that doesn't fit your personality is set up for failure because you will lose your motivation and desire to keep pushing through. Every venture requires dedication and perseverance to succeed, so you have to enjoy at least the method enough to keep you focused on building the business.





K. MacKillop, a serial entrepreneur with a J.D. from Duke University, is co-founder of LaunchX LLC. The LaunchX System, a five Unit series of step-by-step startup procedures, key business software, and marketing reference books, is designed to assist entrepreneurs in developing a business idea into a successful company. Take the free Business Readiness Assessment and get on the road to business startup today.

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Become a Qualified Accountant – Online Degree Accounting

There are many reasons why people choose online degree accounting.  One reason is the luxury of flexibility â€" you can proceed with your daily life without any sharp divide in it.  However, a lot of professionals pick-up a, online degree accounting program so they can be financial, chartered, management, and cost accountants.  There are a couple points of reference that any professional or soon-to-be professional needs to know.

Online degree accounting programs seem like they are everywhere on the internet.  Well, they are, but are they all legit?  NO!  This is a fundamental mistake which must people innocently make.  Though all of the online accounting programs offer legit status, you need to look out for accreditation.  Accreditation can come in many forms, but you want “Regional” and “Professional.”  These are the type of accreditation which will uphold if you choose to progress with your education or career with the information you learned.  If you don’t graduate with an accredited degree, then it is like not even doing the work.  It is that important.

Distance learning is a great opportunity.  Since, its full arrival on the internet online degree accounting programs have boomed and expanded.  Now you can focus your studying on forensic accounting or maybe your real drive is to learn more theory.  Don’t forget the master online accounting degrees!  Think you can achieve a lot of academic success right from the comfort of your own home with the flexibility you deserve.  Education is supposed to enhance your life, not diminish it.

“Flexibility and cost effectiveness,” should be the phrase defining online degree accounting programs.  No matter if you are a full-time parent, a full-time employee r maybe both, you can achieve the success you want with accounting degrees online.  You are busy, and the flexibility of the programs is purposely put in place for you to take advantage of them.  The there is cost.  The effective cost of the programs is amazing.  If you are pursuing an online degree accounting program, then that is what you are paying for.  You are not paying for tens of electives and general humanity classes â€" only the classes that will help you gear to your new career.  It is the perfect pragmatic way to become a professional in this busy world in which we live.

In closing, just take a minute and think about where you are where you want to be.  Nobody laughs at the idea of becoming a professional accounted.  They are very educated, very prosperous and much respected.  All those adjectives can be applied to online education as well.  Just remember one thing â€" in fact it is your new mantra â€" when you are looking at online degree accounting programs think the word, “Accreditation.”  If you do your research, then you will not be wasting you time and energy.  A legit program wants to teach you and watch you excel, you do not have to enroll in the tradition college to be valued like a student.  Good Luck!





If you’re interested in learning more about an online college degree, please feel free to visit our website at http://www.youronlinedegreecenter.com

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Business Plan Tips: Your Table of Contents

A business plan’s table of contents is presented just after the cover sheet, giving a full overview of the sections within the plan. Why, you might ask, is a table of contents needed if the plan is intended to be read straight through, from start to finish, by its audience of potential funders? The reality is that readers will often want to jump around during and after their reading of the plan if they become engaged enough to consider it an option for funding.

Looking at Strategic Fit

Readers will be concerned with the strategic fit of your business concept. Strategic fit is how the activities of your organization work in concert to contribute to your competitive advantage. For example, if the competitive advantage discussed in your competitive analysis describes building a premium brand based on high quality, discussion of coupons and rampant discounting in your marketing plan may not jibe. In a sense, all of the aspects of your business must build towards achieving the competitive advantage you mention. There is good reason for readers to flip back to this section as they examine the rest of the document.

Comparing Numbers

Another reason why readers may jump around is to compare the numbers you present in the financial statements and financial summary at the end of the plan with the methods and tactics you detail earlier.  They will look to see that, in their understanding, you will be able to accomplish what you say you will within the level of expenses you describe. They will also want to check that your revenue projections are reasonable given the market size and specific customer target markets you detail in your industry and customer analysis sections.

Preferences of Individual Funders

Different individuals reading your plan will have different backgrounds and expertise. They may feel most comfortable evaluating the section of your plan related most directly with their expertise (such as marketing, operations, finance, or human resources). For this reason, your plan must make it easy for readers to jump to any section they see fit. While the section may build upon ideas discussed in previous sections, each should also stand alone to a certain extent.





Eric Powers is associated with Growthink, a business plan consulting firm. Since 1999, Growthink has developed business plans for more than 2,000 clients. Call 800-506-5728 today for a free consultation with a Growthink business plan writer. Or, if you're writing your plan yourself, Growthink also offers a business plan template.

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Wednesday, October 21, 2009

Disney World Dining - The Kona Cafe

This contemporary restaurant is located on the second floor of the Great Ceremonial Hall. The Kona Café is open and lively, and has menu items of Asian influences.

Breakfast includes: blueberry pancakes, French toast, ham and cheese omelet’s, eggs Benedict, fruit plates, steak and eggs, home fried potatoes, sausage, bacon, ham, macadamia pineapple pancakes, eggs your way, fresh fruit cups, seasonal melon, and grapefruit.

Beverages include: juices, take home coffee beans or ground, a selection of hot
beverages, Kona cocktails and vodka.

Lunch appetizers include: pot stickers, lump crab cakes, Caesar salad, Kona salad, chicken noodle soup, creamy Kona seafood chowder, and sticky wings.

Entrées include: open-faced salmon blt, beef teriyaki salad, angus chuck
cheeseburgers, stir-fried Asian noodles, Kona club sandwiches, chicken or shrimp
Caesar salad, bbq pork sandwiches, beef teriyaki salad, Asian noodle bowls, and the Polynesian plate lunch which is your choice of one of the following: chicken with peanut sauce, grilled mahi mahi, with ponzu sauce or teriyaki fried steak with spicy tomato salsa, served with sticky rice and macaroni salad.

Dinner appetizers include: pot stickers, braised pork belly salad, lump crab cakes, Kona salad, chicken noodle soup, shrimp and coconut curry soup, and sticky wings.

Entrées include: macadamia nut & chive-crusted mahi-mahi, shrimp and scallops,
coconut almond chicken, shrimp and scallops, coconut almond chicken, beef teriyaki, slow-roasted prime rib, and Tuna Oscar.

All desserts include: banana-chocolate crème brûlée, white chocolate cheesecake,
kona kones, kilauea torte, chocolate fondue, no sugar added apple stacks, and
chocolate macadamia nut tarts.

All beverages include: smoothies, punch, and a selection of specialty beers, 19 different wines, and alcoholic beverages.

For breakfast children can enjoy: Minnie’s French toast, Mickey’s buttermilk pancakes, Goofy toast, and Donald’s choice which is one egg, quacked and scrambled, with sweet cinnamon toast, and a choice of bacon, fruit cup or sausage. Beverages are not included.

For lunch and dinner children can enjoy: Grilled Chicken Strips - Served with
macaroni topped with marinara sauce and mozzarella served with veggies and fruit
salad. Entrées include a choice of beverage: 1% milk, bottled water, or juice. French fries and soft drinks are available upon request. Grilled Fish of the Day - Served with whole-grain pilaf, veggies, and yogurt parfait. Entrée includes a choice of beverage: 1% milk, bottled water or juice. French fries and soft drinks are available upon request.

Kids' Picks: Choice of 1 Appetizer, 1 Entree, and 1 Dessert - Selection of
appetizers: garden salad or chicken noodle soup. Selection of entrees: Macaroni &
cheese, Hamburger, or Hot Dog. Selection of desserts: fruit salad or ice-cream sundae. Entrée includes a choice of Kids' juice, 1% milk, or bottled water. Soft drinks and French fries are available upon request.

Breakfast is available from 7:30am-11:30am. Lunch is from 12pm-3pm and dinner is from 5pm-10pm. Menu items are under $30.00 per person.

The Kona Café is another popular dining location and an ADR is highly recommended.





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