Tags » Liabilities

Recording Payroll and the Importance of Time

A small business will often employ an outside payroll service to execute their payroll and all that it encompasses including filing the required federal and state payroll reports and making tax payments. 285 more words


Step 5: List your Assets

Now we know exactly what our debts (or liabilities) are, in this step we are going to look at what our possessions (also known as assets) are. 783 more words

Financial Independence

How You Can Be A Millionaire

When you think of people who are millionaires, who comes to mind? LeBron James? Oprah? Kim Kardashian? Britney Spears? Yes! All these people are millionaires! But millionaires are probably closer than you think. 741 more words


Non-Performing Assets: Definition

Nowadays, there have been many talks about the issue of Non-Performing Assets or NPAs as the banking sector of India is saddled with it. Huge magnitude of NPAs is considered to be a sign of threat to the ease of lending of credit and in turn the growth of the country’s economy. 413 more words

Banking And Finance

A lady has placed a $615,862 bet on Hillary Clinton becoming president

British bookmaker, William Hill has revealed that a 46 year old female client has placed a huge $615,862 wager on Hillary Clinton winning the race for the White House. 89 more words


U.S. state public pension unfunded liabilities to hit $1.75 trln

From Reuters

Oct 6 Weak investment performance and insufficient contributions will cause total unfunded liabilities for U.S. state public pensions to balloon by 40 percent to $1.75 trillion through fiscal 2017, Moody’s Investors Service said in a report on Thursday. 333 more words


IFRS 16: No More Off-Balance Sheet Leases?

On 13 January 2016, the International Accounting Standards Board (IASB) has issued a new ‘leases’ standard- IFRS 16, Leases.  The standard requires lessees to recognise most leases on their balance sheets, thus, resulting in increase in the assets and liabilities presented on the balance sheet.Accounting of lease for lessors remains substantially unchanged, i.e., for lessors, there is little change to the existing accounting under IAS 17, 2,630 more words