Balance sheet

Guidelines for balance sheets of public business entities are given by the International Accounting Standards Board and numerous country-specific organizations/companys. The standard used by companies in the USA adhere to U.S. Generally Accepted Accounting Principles (GAAP). The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to develop generally accepted accounting principles (GAAP) for federal financial reporting entities. More >>>

Down Payment Assistance

Down payment assistance programs are popular among people with medium and low incomes, since they can be very helpful in obtaining houses, vehicles and other luxury products. Particularly, these programs help their clients make a down payment, which is part of the total value of an object. As a rule, buyers are required to pay down 5 to 25 percent of the value. More >>>

Down Payment on a House

A down payment is actually part of the value of the house being purchased. Down payment size varies from 5 to 25 percent, but, until recently, buyers with good credit records were entitled to zero down payment. Simply put, they were not required to pay down at all. As a result, many borrowers defaulted, which actually triggered the 2008 global financial crisis. More >>>

Imprest Balance

Since companies have regular expenditures related to some minor work activities, it is very important to maintain an imprest balance . This will ensure a consistent flow of petty cash as well as the management of a petty cash fund . This fund must be replenished from time to time to guarantee cash availability to cover minor expenses. More >>>

Ways to improve your credit score

Don't close credit cards. Fifteen percent of yourFICO score is based on the length of time each account has been opened and the length of time since the account's most recent activity. Closing accounts also hurts your credit utilization ratio by reducing your available credit. Review your FICO score (the most commonly used credit score). The range is 300 to 850; the best interest rates are typically offered to people with scores above 720. More >>>