Posts made in September, 2015

Best Rates on Cash Loans

I have been looking for a boat to buy for months, but I have had little luck in finding one that I like, which is also in my price range. That is, up until I found this one boat yesterday. I wasn’t sure about it at first, but the more I thought about it, the more I became convinced that I should buy it. Unfortunately, the guy only will accept the full payment up front in cash and I do not have that much money. So I have try to look into cash loans and see if I can take out a loan to be able to buy the boat from him.

I really need to buy a boat soon too, because I promised my son that I would take him for a fishing trip for his birthday, and there is only a month left until his birthday. So if I do not get this boat now, then I doubt I am going to have a boat to take him on the fishing trip with. I looked into the prices for renting a boat the other day, and they were really high. Like this one place wanted about 500 dollars per day to rent the boat. I thought to myself that they must be crazy, because that is just a huge amount of money for a boat.

I love to go fishing, and that is why I have been looking for a boat for so long. I had a boat some number of years ago, but I sold it after I moved, and did not think about getting one again until last year. But I am pretty set on getting this boat and so I will try to get a loan to be able to pay for it if I can.

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Accounting In The Philippines

Accounting In The Philippines

yqWith todays globalization, companies should learn how to use strategic means to maximize the benefits of outsourcing. This includes delegating non-core daily activities that depletes company time that can be used for other purposes. Accounting s non-core activity that requires attention since it has a special role in the operation of a business. Outsourcing accounting services helps company owners to concentrate on the mainstream tasks and redirect the focus of its talents and resources to activities that bring greater advantages of business growth and development.

The Philippines is one of the key players in the outsourcing industry. Business process outsourcing, or BPO, in the Philippines offers many services from customer service, technical support, finance, site engine optimization and a long list of other services. Accounting is one of the more proficient services offered in the country. Accounting in the Philippines helps companies to manage their business from the fundamental processes or accounting such as incoming inventory and outgoing expenditure. Further accounting processes include preparing and monitoring budgets as well as keeping track of profits and losses. These services provide cost savings and much more for a business. BPO vendors that provide accounting services in the Philippines also assist companies with tax savings techniques, monitoring energy usage, advertisements, product displays and analysis of economic status.

Guidelines in choosing companies that will handle the accounting activities of your business include:

1.Consider the length of operation of the accounting firm. The longer they are in the industry, the better they can handle the services.
2.Accounting contains financial information of the company, thus this should be properly and carefully handled. Choose the accounting company that has the ability to protect your financial information and provide the needed security and confidentiality. Information leakage can be very risky to your business. Make sure that the company has stiff data security and confidentiality measures to make sure that there is no pilferage of data.
3.Technological capacity as well as background of the accounting company should be highly relevant to your business. An accounting company that is proficient in the latest technology will have the knowledge and skill to put together a task force of competent accountants to provide accounting services.
4.Consider the accounting firms specialization. There are accounting companies that may not have the expertise that your business needs. Accounting is an extensive profession; most of the accountants are beginning to offer a narrow specialty range. Hire the accounting company that has a pool of accountants that can match the requirements of your business.
5.Since every company aims to trim down expenses and save money, make sure that the accounting firm that you hire offers services at a competitive price.

Many foreign companies take advantage of accounting in the Philippines because of the countless benefits it brings to business. A large number of accounting firms in the country have the capability to deliver excellent quality accounting services to companies for a lower price. The increasing number of foreign investors relocating their operations to the country is proof of the efficiency of the quality of accounting services that Philippines provide.

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Accounting Enron Scandal

The company had to come up with a new business strategies to generate profits and cash flow in order to survive. Kenneth Lay, CEO, hired McKinsey & Co. to help in developing Enrons survival business strategy. A gas pipeline company climbed it’s way into the worlds largest energy-trader by scamming investors, the accounting Enron scandal was a real systematic manipulation of fiduciary rules to create an illusion of a very successful company. Enron accounting scandal was discovered and proved that they made deliberate attempts to alter its financial statements to make them look more attractive to investors and lenders. Following these manipulations many parties have been affected and will continue to be affected in the future, more specifically, many years. The accounting Enron scandal that lead to the Enron collapse was due in great part in the activities of their C.E.O., Jeffrey Skilling. Not only was he in charge of controlling one of the largest energy companies in the world, he was also in charge of many other side undertakings that may have been in a conflict of interest with his main job as Chief Executive Officer of Enron. The baffling part of this situation was that the other members of the Board of Directors for Enron all voted on this and passed it. There are three specific ways in which the accounting Enron scandal occured by misrepresented figures on its financial statements.

The accounting Enron scandal case was broadcast on television news for months in 2002. The accounting Enron scandal story was around the news for a period before and after the downfall of the company. Now days, however, one seldom hears about Enron or its top executives ? and the reason is not because they are all lodged safely in a federal prison. Rather, it because (a) the president and the congress gain no longer gain points by grandstanding on the issue, (b) the Department of Justice finds its difficult to put the top brass in the docket, although the Department has pressured some lower-level Enron executives into confessions, and (c) the public appears to be beyond caring. The accounging Enron scandal, however, was and is an important development for American society. The scandal demonstrated just how easily ethical standards can be discarded at the highest corporate levels when the price is right. This paper examines the accounting Enron scandal from a perspective of ethics in management. The phrase ethics in management in management is an unfortunate one.It implies that the set of ethical principles applicable in corporate management may be somewhat different from the application of ethical principles in other societal endeavors. Perceptions of that sort by top managers at Enron may have made it easier for them to pursue the courses of action that landed themselves and the company in the troubles that eventually emerged. . . . es in the trading of energy market was the manipulation of prices to created inflated and unwarranted profits for Enron at the expense of utility companies and utility consumers. Ultimately, however, the inflated profits contributed to the creation of a false representation of Enron’s performance that created financial benefits Enron selected executives at the expense of investors and the public. Similarly, the immediate intent of deceptive accounting practices involving Enron and fictitious business entities was to shield from investor and governmental regulators the fact that Enron was not a profitable company as was being reported publicly. Additionally, however, the deals between the company and fictitious entities diverted large amounts of money from the company to selected high-level executives at Enron. These behaviors were injurious to Enron employees, investors, and consumers (Axtman & Scherer, 2002). One may attempt to assess the behaviors of the offending Enron executives (all at senior levels of the organization) within a framework of business ethics. The term “business ethics” appears to imply that behaviors that are ethically unacceptable in other facets of society may be acceptable in the business realm. The accounting Enron scandal will go down in history as one of the most notorious case for American society.

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