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 | Do Accounting Rules Discourage Research & Development? |
 Do Accounting Rules Discourage Research & Development?
by msdodger
Businesses spend billions of dollars trying to develop new and better products, These outlays are referred to as research and development (R & D) costs. Accounting rule makers have struggled with how best to classify such expenditures. Should they be treated as expenses or assets? The classification of an outlay as an expense or an asset depends upon how long the firm will benefit from the outlay. If the benefit will be for more than one accounting period, it is classified as an asset. If the outlay provides economic benefit for less than a year it is generally classified as an expense.
Tangible assets such as machinery and equipment produce income over several years. These tangible assets usually have easily ascertainable costs, which are spread over the assets' estimated useful lives in the form of depreciation expense. On the other hand, one month 's rent payment is an expense because the outlay entitles the firm to only one month of economic benefit. Now consider the following example of an R & D cost.
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Posted by kary on Friday, September 28 @ 18:31:25 CEST (272 reads)
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| Why Financial Accounting is Neither Simple Nor Precise |
Why Financial Accounting is Neither Simple Nor Precise
by msdodger
Financial accounting strives to answer two basic questions: how did the business do last year, and what did the business own and owe at the end of the year? The answers to these questions are summarized in two basic statements, the income statement and the balance sheet.
If you have even a passing knowledge of business and economics, answering these questions might not seem that difficult. In fact, determining a firm 's economic performance and condition often is very difficult. Unfortunately, financial statements rarely are able to give completely definitive and precise answers to what seem to be simple economic questions. Why would this be so?
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Posted by kary on Friday, September 28 @ 18:29:56 CEST (189 reads)
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| Too Busy in Business to Enjoy Leisure Time? |
Too Busy in Business to Enjoy Leisure Time?
by Galway
These days accounting software forms the backbone of most businesses and the right package can improve your decision-making and responsiveness, which in turn leads to increased productivity and profitability. Business staff need to be able to access the right financial information whenever it is needed. Any business manager needs a completely accurate picture of their business operations at any time, not just at the end of the month.
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Posted by kary on Friday, September 28 @ 18:25:23 CEST (169 reads)
(Read More... | 5028 bytes more | 38 comments | Score: 0)
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| Day Care Accounting Software: How To Pick The Best |
Day Care Accounting Software: How To Pick The Best
by sifumike
Running a day care center is challenging enough without financial accounting problems. Picking the best day care accounting software is an important decision, as it will store all of the critical business accounting data and client data of your day care center.
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Posted by kary on Friday, September 28 @ 18:22:58 CEST (168 reads)
(Read More... | 6798 bytes more | 43 comments | Score: 0)
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| Tape Adding Machines - A Very Expensive, Unnecessary Addiction |
Tape Adding Machines - A Very Expensive, Unnecessary Addiction
by george_gilbert
The mechanical paper tape adding machines setting on corporate desks next to high priced personal computers are not normally thought of as an inordinate expense. In fact, it is my experience that those mechanical machines are considered by companies to be a necessity. Nothing, in my opinion, could be further from the truth on either count. Those antiquated, mechanical dinosaurs can actually be a very expensive and unnecessary addiction to which there is an inexpensive alternative.
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Posted by kary on Friday, September 28 @ 18:20:30 CEST (171 reads)
(Read More... | 8630 bytes more | 33 comments | Score: 0)
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| Tape Adding Machines - Bad Habit, Addiction Or Comfy Loafers? |
Tape Adding Machines - Bad Habit, Addiction Or Comfy Loafers?
by george_gilbert
The next time you're in an office where personal computers are used, look on the desks. Chances are pretty good that you will see a mechanical tape adding machine sitting next to many of the computers. That makes no sense to me whatsoever. Why are such antiquated pieces of equipment, that do little more than simple arithmetic, sitting next to very powerful, perhaps very expensive computing devices?
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Posted by kary on Friday, September 28 @ 18:18:37 CEST (162 reads)
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| Photography today |
Photography today
by Estelle
Photography has come a long way in the past 50 years. In fact, not just the past 50 years, the evolution of photography into the diverse field it is today is truly amazing. With time photography has evolved into diverse fields like travel photography, food photography, photojournalism and much more. In fact, today still life photography alone has many diverse fields like food photography, jewellery photography etc. A common misconception that people have when it comes to photography is that a single photographer can take care of all kinds of photographic requirements.
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Posted by kary on Friday, September 28 @ 18:15:16 CEST (23884 reads)
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| Spicuzza keeps touchy subject of performance art in focus |
Spicuzza keeps touchy subject of performance art in focus
by B Riley
Performance art can be a touchy subject.
Its aims and standards are less established than those of the fine arts, and for many that 's cause for debate.
By fusing dance, poetry, props, music, voice and sound into a single show, performance artists often aim to be engaging, controversial and transcending, yet to many come off as overblown, pretentious and just plain silly.
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Posted by kary on Friday, September 28 @ 18:12:20 CEST (175 reads)
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