Explaining Basic Accounting Concepts and Business Structures ACC/537 Dec, 5, 2011 Explaining Basic Accounting Concepts and Business Structures The purpose of the paper is to explain basic accounting concepts and business structures. This paper covers four topics, which include the following: 1. Identify and describe the sources of generally accepted accounting principles (GAAP). 2. Describe effective accounting information using the qualities of accounting information. 3. Describe
Words: 708 - Pages: 3
a biological, adoptive, step or foster father or mother, or any other individual who stood in loco parentis to the employee when the employee was a son or daughter as defined in paragraph (c) of this section. This term does not include parents “in law. Based on the description of a parent in the above code, Mr. Sulka had every right to take family leave to care for his elderly father when he comes home from the hospital. Employees are entitled to take personal time from work to care immediate family
Words: 1268 - Pages: 6
Vocabulary Triple-Net Full Payout Leases Operating Leases Capital Leases Purchase Options Traditional Leasing vs. Venture Leasing Venture leases structured to support start-ups Traditional leases often require a substantial deposit Traditional leases are often limited to a small subset of assets Venture leases are often a mix of debt and equity Hi-Tech Firms Have Large Equipment Needs Lowers a Firm's Equity Capital Needs Leasing Is a Low Cost Source
Words: 269 - Pages: 2
Financial Management DB #1 Maurice Wynn There are three major types of organizations. There is the sole proprietorship, which is an organization that is owned by one individual. There is the partnership, which is an organization that is operated by more than one person. There is also a corporation. A corporation is an organization that buys and sells stock and their liability is limited to the amount of their investment. With these three types of organizations, there are some advantages and disadvantages
Words: 425 - Pages: 2
Small Business Idea ACC 561 September 3, 2012 Dr. James Krause Small Business Idea Recently the government has released funds for creating small businesses. These funds would allow any person who wants to start their own business who might have not had all of the funds that they needed. In addition, to the release of funds a company would have to look to see what type of business organization they would like to use for ones unique service or product. Consideration needs to be taken into
Words: 1267 - Pages: 6
Small Business Idea This particular assignment instructed the student to develop his or her small business idea. The student is to imagine that the government has released funds for creating small businesses. In turn the student desires to start a small business and must decide which of the four forms of business organization would best suit the unique product or service. The information to follow will discuss the advantages and disadvantages of the four different forms of business organization
Words: 1092 - Pages: 5
which of the business forms under consideration best accomplishes her business goals. Thoroughly explain the reasons for your recommendation. Mrs. Shania Jackson is a mature Christian thinking of opening a Christian coffeehouse near Denver, Colorado. Her husband, Marvin, is open to making a contribution of capital to the business, but has no interest in participating in its operation or management. Therefore, I believe a limited partnership would best accomplish Mrs. Jackson’s business goals. A
Words: 1250 - Pages: 5
PRODUCT DESCRIPTION FIN 571 Week 2 Business Structure Advice Mr. J. Q. Customer, it is a pleasure doing business with you. I have researched your concerns and found several options that are viable for you and the startup of your company. I hope you will find the following information helpful in making your decision regarding the structure of your business. We will be next to you all the time from creating a plan to advise your company how to form a business, the crucial financial choices, and finalize
Words: 502 - Pages: 3
Business Entities, laws and Regulations Tina Lea University of Phoenix BUS/415 Rachel De Angelo November 2, 2011 Restaurant/Bar Scenario: In this scenario the best business entity to use is the partnership firm due to the
Words: 807 - Pages: 4
Regulation Paper 2 Business Entity Laws and Regulation Businesses require some research on licensing, state laws and regulations in order to get started. It also requires looking into the business entities, taking control, taxation, and taking liability issues into consideration. It is important for business to be able to protect itself from many things within the business laws regulation. Within this paper, an extermination business, a restaurant bar business and a construction scenario
Words: 251 - Pages: 2
