If you want to know how to manage your 401k account, minimize your risks, and figure out what sort of investments you should make to ensure that your retirement fund grows, check out this simple 401k for dummies guide that will make your life much easier. It can be difficult to know where to start […]
What Are Retained Earnings? – Finance For Dummies
Many savvy investors investigate balance sheets to determine what are retained earnings. This is because the balance sheet tells a story of the entire history of the company. It reflects cumulative values since the inception of the company. Specifically, the retained earnings balance sheet account represents the cumulative net earnings since the company started. It is […]
What Is a Trial Balance and Its Uses – Finance For Dummies
Accounting practices are cumbersome to maintain for even the largest companies with sufficient capital to hire multiple accountants to scrutinize their records. The burden is even more onerous for small businesses and start-ups without enough funding to hire an expert. In situations like these, small business owners frequently undertake accounting efforts themselves. In either case, […]
Taxes for Dummies Book Review – Finance For Dummies
This Taxes for Dummies review article is written to help the thousands, if not millions, of readers out there who are clueless about taxes. The books under review cover information on 1040, 1040EZ and 1040A. Other useful information you can get from these books include information on tax-saving tips and simplifying IRS technical terms to […]
What Is Par Value vs Market Value? – Finance For Dummies
Par value and market value are distinctly different from one another. In a nutshell, to understand what is par value refers to the stated or face value of an asset such as a house, a car, a stock, a bond, or anything that has a tradable value. While market value is determined by someone’s willingness […]
What Is Net Income – How To Calculate And Find It?
Financial reports, or financial statements, include a balance sheet (statement of financial position), income statement (P&L or statement of comprehensive income), statement of changes in equity (statement of retained earnings) and cash flow statement. The bottom line of the income statement is net income. This is why many people may want to ask: “what is […]
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