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Can anyone clarify the mystery of creative business financing? Surprisingly enough, there is a myriad of misinformation -- and just plain bad advice swarming this topic. If you're at the point of utter frustration in your search for straight talk about truly creative sources of business start up funding, then read on. Join me in weeding out "the crap" (pardon the expression) versus the truly creative business financing solutions, by exploring what's hot and what's not in business start up funding. Let's start out by looking at what's not. What's Not! Borrowing from Family & Friends This is usually not a very good idea. It's one thing to risk your own assets, but what happens if your business doesn't do as well as expected? Credit Card Financing Using credit cards as a source of start up funding is a very bad move. Not only is the interest rate unfavorable, but so are the repayment terms. Read the fine print of your card holder...

It can often be bewildering trying to determine which of the 6 key professional qualifications for accountants is the right one for you. At this point we breakdown each of them, giving the fundamentals and some information. All 6 are well-known and respected across the world of accountancy. Association of Chartered Certified Accountants (ACCA) An ACCA qualification offers key knowledge in all facets of accountancy and so is an excellent choice if you find yourself uncertain as to which area you might want to end up in. ACCA is over one hundred years old and has thousands of students in over 170 countries. After many name changes, in 1984 they gained a Royal Charter of Incorporation and later became the Association of Chartered Certified Accountants. It is a worldwide body for professional accountants and its core values are opportunity, diversity, innovation, accountability and integrity. Using ACCA you are able to accomplish internationally well recognized qualifications, support a...

In the United States, the method of accounting for finances in order to report taxes properly is called tax accounting. There are laws that govern taxes, and these laws provide principles to report taxes by in a very comprehensive manner. These principles are set apart from the typical principles put into place by the FASB called the Generally Accepted Accounting Principles (GAAP). Many countries outside of the US lack a thorough system for tax accounting. When it comes to applying the rules of that, the Internal Revenue Code illustrates the rules necessary for those tax accounting procedures. Consistency in the application of these tax accounting principles is key and is outlined in section 446(a) of the Internal Revenue Code. The person responsible for paying taxes must use the proper method of it that applies to their method of accounting finances. If it is discovered that the previous method used for accounting taxes is not the best method that a taxpayer should be using, a taxpa...

Rules are as important in finance as they are in any other area of business. Accounting finance involves the voluntary effort of the business to compile their financial paperwork, as well as the mandatory consideration of rules that are regulated by organizations that have standardized these accounting methods. It has been around for a long time to help businesses organize their financial information. If no regulation existed, financial statements would have no commonality, and would be too difficult to read and manage. The accounting standards that exist today have evolved over time to the system of rules that exists today. In 1973, the Financial Accounting Standards Board (FASB) was established to take the place of the Accounting Principles Board (APB) in order to review and analyze the problems that are brought to their attention in the field of accounting. The process of reviewing these issues is long and tedious but necessary to the maintenance of the standard rules for accounti...

To succeed in the business world is tough and especially if you are not too familiar with the different strategies which are needed to make a business successful. Accounting finance, bookkeeping, promotion, marketing, production and manufacturing are some of the strategies that you need to undertake for running a business successfully. Accounting finance is something that any business needs to seek help with. If you are running a large scale business, there is no question that a separate department or outsourcing is needed. If a person is running a small scale business, they may be able to handle the accounting finance work themselves, but background knowledge is a must. Attempting to calculate these figures can be very time consuming and frustrating if the education or skills are not possessed. Accounting finance will service a business by keeping a proper record of all the financial aspects of the business. Each business needs to keep a record of all the fiscal dealings that they...