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June 20, 2007
by yosako
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Gains and Losses

It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But there are often circumstances that disrupt the cycle, and it’s part of the accountants job to report these as well. Changes in the business climate, or cost of goods or any number of things can lead to exceptional or extraordinary gains and losses in a business. Some things that can alter the income statement can include downsizing or restructuring the business. This used to be a rare thing in the business environment, but is now fairly commonplace. Usually it’s done to offset losses in other areas and to … Continue reading

June 19, 2007
by yosako
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Profit and Loss

It might seem like a no-brainer to define just exactly what profit and loss are. But of course these have definitions like everything else. Profit can be called different things, for a start. It’s sometimes called net income or net earnings. Businesses that sell products and services generate profit from the sales of those products or services and from controlling the attendant costs of running the business. Profit can also be referred to as Return on Investment, or ROI. While some definitions limit ROI to profit on investments in such securities as stocks or bonds, many companies use this term to refer to short-term and long-term business results. Profit is … Continue reading

May 16, 2007
by yosako
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Dealing With The Loss Of Data

Data loss is something that can be very traumatic. Whether it is a business with important files and documents, or an individual with precious pictures and videos, losing data can be a very traumatic and stressful situation. If you have never experienced hard drive failure or losing data before, it can indeed be a situation where you find yourself wondering what to do. No matter what you happens, you should not stress out or let the situation get the best of you. Although computers are great to have and hard drives work very well for storage, they are both machinery and are bound to fail at some point in time. … Continue reading