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Financial and Cost Statements in Cost Accounting
An indispensable part of any system of accounting is programmed of periodical statements and reports to inform management of the current financial position of the business and of the progress made by, and the costs incurred for, each process, department and division.

Other statement of assets and liabilities Related Articles

SELLING A BUSINESS: Legal Pitfalls
Consider how to structure the sale as early as possible, and take advice from your legal and tax advisers. If your business is run through a limited company, you will need to decide whether to sell the shares of the company or just the assets. A share sale tends to be more complicated since you are selling not only the assets, but the liabilities of the company too.

Increase Your Net Worth - Invest in Yourself
Your net worth is not simply your assets minus your liabilities. Your true net worth includes your future earnings potential too. To increase your true net worth, invest in your future. Invest in yourself. Here are five investments you can make to increase your future value.
How to Deal with Difficult Business Partners
All successful companies have one thing in common. On average, they carry more assets than they do liabilities. These companies are also quick to take note when something that was once an asset now has become a liability. They either try to make this new liability an asset again or they swiftly remove it from the company. This process may sound easy enough unless the liability you are thinking of is your relationship with your business partner.
How to Create a Compelling Vision for your Business
Your company’s vision statement is the statement of its potential and of what you want your business to become. Your vision statement should be meaningful to you and your organisation. It should be shared will all of the employees in your organisation in order to create a unified direction for everyone to move in. Crafting a vision statement is a challenge for many business owners, so I have included several strategies in this article for you to make this process easier to complete.
Impress your bank manager! How to read your balance sheet
If you want to do well as a small business owner, it would help you if you could understand the basics of how to read a balance sheet. The balance sheet is an indispensable part of a business accounting information and is essentially a snapshot of a company at a specific point in time. The balance sheet lets you know what a company owns (“assets”) and what it owes (“liabilities”). It will also tell you how much the business is worth.
BuyingPart Funding an Online Business Some Tips on What to Look Out For
There a few fundamental things to figure out when purchasing an e-commerce concern, away from the standard mechanisms of buying any business such as the Profit & Loss sheet, Balance Sheet, Liquid Assets, Capital Assets, Outstanding Liabilities, Goodwill, Legal Threats. While not an exhaustive list, the following points seem to crop up time and again when people are enquiring about purchasing web related businesses.
The Next Crisis In The Perfect Storm – Unfunded Retirement Accounts
According to the Pew Center on the States, “state government employee pension plans nationwide alone, have racked up nearly $360 billion in unfunded pension liabilities.” Research indicates there is also in excess of $380 billion in unfunded liabilities for other retirement benefits, including health care.
Stop Working So Hard!
You're working too hard and you're not making enough money. I know that seems like a brash statement, but I've worked with enough small business owners to presume that it's probably true for you. The problem is, you're not taking advantage of one of your most important assets.

Do We Really Need a Mission Statement?
Many organizations confuse the concept of a vision statement with a mission statement. They might say, "Our mission is to become the world leader in windows." Well, that is reallly a vision statement, not a mission statement. A vision statement is always about the future, while a mission statement is all about what we are trying to do today. It is very important to know that. This article will clarify a process to obtain a good mission statement.

A Guide to Franchise Financing
So you've decided to buy a franchise. Congratulations! Franchising is a great way to go into business for yourself with reduced investment risk. Associating with an established company provides instant name recognition as well as access to training and ongoing support to help ensure your business is a success. Now it's time to determine how you will finance your new business. Fees associated with purchasing a franchise may include franchise and royalty fees, equipment, inventory, working capital and more. The first step is to take inventory of your financial resources by creating a personal finance statement to verify your net worth. This statement should include a listing of both your assets and liabilities.
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