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Differences in IFRS and GAAP With Inventory
One of the major differences with GAAP and IFRS in regards with inventory is the fact that IFRS does not allow the use of LIFO. GAAP allows the use of FIFO, LIFO, and weighted average. While IFRS only allows the use of FIFO and weighted average. These methods effect net income, which can increase or decrease the taxes a company will have to pay.All About Money Transfer
With so many options available, it is very important to make the right choice to avoid paying an exorbitant fee to transfer money. There are three basic factors to be considered while transferring money.What Is The Best Way to Send Money Online to Family and Friends?
While we Brits are often thought of as ‘home birds’, data has shown that this is not always true and many of us are choosing to spread our wings and move overseas. For those making the decision to abandon home soil in the search for pastures new, there is undoubtedly a lot to consider. But what about those they leave behind?A New Tool To Address Special Needs
In Washington’s current hyper-partisan climate, a law with strong bipartisan support is worthy of notice. Yet one such law, which had the further distinction of creating a new financial planning option for individuals with disabilities and their families, may have flown under your radar as 2014 wound to a close.You Just Inherited a Million
Most people talk about winning the Lottery. Every day they plunk down a couple of dollars to buy a ticket but the few who do win big, often end up with nothing but fond memories of how they blew their winnings. They had never planned for it and so they went through all of it in a very short time.3 Money Rules to Follow for a Financially Rewarding Life
The irony about money is that it is hard to earn but easy to spend. With the challenge to sustain living in a world of unceasing demands, building a nest egg or simply surviving each day can be overwhelming. Despite this truth however, you can still take control of your finances.The Profit First Professional
Businesses the world over make money, but only a percentage of those that are generating decent revenues end up making profit. Why is this so? What are the things that force even those that have stable sources of revenue, and decent growth to go under?The Various Types of Financial Tips for Startup Companies
You should be aware of different types of funding options that are available for successful operation of your business. You must acquire loans provided by the Small Business Administration, sell your current products before the scheduled time and take the help of your friends and family members.Money Laundering and Major Risks
While executing the financial transactions and establishing relationship with the new customers or maintaining existing customers the duty of adopting adequate measures lie on everyone who is a part of the organization. The identification of such element in the beginning is easy to deal with instead realizing and encountering such situations later on in the transaction stage. The central bank in any country provides complete guides to AML and CFT to combat such activities. These polices when adopted and exercised by banks religiously provide enough security to the banks to deter such situations. However if a bank encounters any such situation it encounters various types of risks.Can the UK afford to Shift Land Use from Agriculture to Development?
The beautiful countryside is indeed a national asset. But housing and commercial development are not necessarily less “green” than farming.