by edbarton | Feb 1, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Some business owners choose to create partnerships or limited liability companies instead of corporations. A partnership can also be called a firm and refers to an association of individuals working together in...
by edbarton | Feb 1, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Most businesses start as small companies, owned by one person or a partnership. The most common type of business with multiple owners is a corporation. The law sees a corporation as a real, live person. A...
by edbarton | Feb 1, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Financial managers can do certain things to increase or decrease net income recorded in the year. This is called profit smoothing, income smoothing, or just plain old window dressing. This isn’t the same...
by edbarton | Feb 1, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid correctly and on time. They perform these vital functions by...
by edbarton | Jan 30, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals The FASB is one organization that provides standardized guidelines for financial reporting. The Financial Accounting Standards Board (FASB) mission is to establish and improve financial accounting standards and...
by edbarton | Jan 30, 2022 | Accounting Basics
Basic Accounting Principles for Real Estate Professionals If you don’t keep track of how much money you’re making, you have no idea whether your business is successful or not. You can’t tell how well your marketing is working. And I don’t just...
