Singapore About Accounting 会计交流区

Too much and for too long, we seemed to have surrendered personal excellence and community values in the mere accumulation of material things. Our Gross National Product, now, is over $800 billion dollars a year, but that Gross National Product – if we judge the United States of America by that – that Gross National Product counts air pollution and cigarette advertising, and ambulances to clear our highways of carnage. It counts special locks for our doors and the jails for the people who break them. It counts the destruction of the redwood and the loss of our natural wonder in chaotic sprawl. It counts na**lm and counts nuclear warheads and armored cars for the police to fight the riots in our cities. It counts Whitman’s rifle and Speck’s knife, and the television programs which glorify violence in order to sell toys to our children. The gross national product does not allow for the health of our children, the quality of their education, or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages; the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage; neither our wisdom nor our learning; neither our compassion nor our devotion to our country; it measures everything, in short, except that which makes life worthwhile.” – Robert F. Kennedy

ARR is an investment appraisal technique. It is especially useful in the case of long-term projects in which choosing the right project is of paramount importance. A faulty choice can result in heavy losses to any company. ARR helps to ascertain the returns from several long-term project options, compare them and choose the best among them. Also, it helps to determine whether or not to invest in an item of particular capital expenditure. Any company will like to first ascertain the returns from any proposed capital expenditure before incurring it. ARR is a simple measure that helps managers decide between the available choices of capital expenditures. Companies can also use it to make a choice between the available options in case of acquisitions of a company or an asset. Thus, ARR is very helpful in making capital budgeting decisions.

hat, in simple terms, translates to the recording of financial transactions systematically to keep a record of the transactions. It also requires keeping the accounts updated with the most current transaction updated, reflecting an accurate picture of an institution's current financial condition.

Finance managers face increased responsibilities around business guidance and growth. Robynne Sisco, chief accounting officer at Workday, explains how moving finance operations to the cloud can support these expanded roles.

Questions About Accounting Terms
👇👇👇
What is a simple definition of accounting?
In its most basic sense, accounting describes the process of tracking an individual or company's monetary transactions. Accountants record and analyze these transactions to generate an overall picture of their employer's financial health.
👇👇👇
What are the basics of accounting?
Basic accounting concepts used in the business world cover revenues, expenses, assets, and liabilities. These elements are tracked and recorded in documents including balance sheets, income statements, and cash flow statements.
👇👇👇
What are some accounting concepts?
Introduction to accounting frequently identifies assets, liabilities, and capital as the field's three fundamental concepts. Assets describe an individual or company's holdings of financial value. Liabilities are debts and unpaid expenses. Capital describes the money the entity has on hand.
👇👇👇
What are the different types of accountants?
Certified public accountants and management accountants are two of the profession's most common specializations. Management accountants are also known as cost accountants. Auditors and forensic accountants are another important branch of the field.

Knowing the difference is key⬇⬇⬇
Choosing an accounting method for your business comes down to the type of business you have. Both methods have their benefits. Cash accounting provides a beautiful understanding of your cash flow and is helpful for very small businesses. The accrual method is better for larger businesses and shows the company’s financial position more thoroughly through informative reports. Before you decide on either method for your business, compare the two methods and understand the differences between them so you can find the one that’s the best fit for you.