Security programs in the United States are currently under review to include the United Nations Globally Harmonized System (GHS) of Classifications. Chemical labeling of hazardous materials is changing to promote a uniform approach to give employees a greater understanding of what they are actually working with, providing a much-needed update from the previous 1910.1200 standard….
Category: Business
What is a lien and foreclosure?
A link is a notice attached to your property that puts everyone on constructive notice that a creditor has a claim. Generally, a lien is filed and recorded in the public records of the county (for real property) or with the secretary of state (for personal property). Why does a link help a creditor? Well…
Controlled and uncontrolled waiting time and payment
A California employee may or may not be exempt. An exempt employee occupies an administrative, executive, professional, or outside sales position, and is not entitled to pay for waiting or on-call time. Any other employee is not exempt and is entitled to additional pay for waiting time, which can be negotiated above the minimum wage…
6 benefits of Night Club apps
If you are a nightclub owner or manager, then you already know the value of a custom app for your business. But, let’s say you’ve been thinking about developing an app for your nightclub, but you’re still not convinced of the idea. In this case, here are three main beneficial elements that you should consider…
The business of running a Bed and Breakfast
Running a Bed and Breakfast (“B&B”) sounds great at 5:00 PM. M. Peaking on the streets of Manhattan during the cold of winter. The fact is, it can be a real job. Let me give you an idea of what life is like for a typical B&B owner. Imagine it is 8pm on a Friday…
Understanding activity ratios
Understanding activity rates is a very important tool for evaluating a company’s performance. Whether you’re interpreting your company’s financial ratios or evaluating another company, it’s critical to understand what activity ratios indicate about a company’s performance. Activity ratios are often called efficiency ratios because they measure how efficiently the company manages its assets. Activity rates…
Are Ethics Important to Professional Accountants?
Ethics in professional accounting is of the utmost importance. Now that the business and financial world is adopting international accounting and auditing standards, it is increasingly necessary to adhere to a certain Code of Ethics prescribed by national and international accounting bodies. Before arguing for the topic, let’s take a look at a few basics:…
Symptoms of fraud
Fraud Symptom Categories 1. Internal control problems: material weakness The first thing to remember when looking at internal controls is the fraud triangle. Without the three elements of opportunity, pressure, and rationalization, fraud is less likely to occur. By creating controls that prevent these elements or detect them in a timely manner after they occur,…
The pros and cons of eBay
As effective as eBay is, it has its pros and cons. In today’s world, people find e-commerce extremely useful. With busy schedules and tons of work to be done in less than 24 hours, almost everyone prefers to shop online. Hence, eBay is extremely popular with the masses. The simple fact that one can buy…
The need to adjust accounts receivable
(1) Definitions: first we have to define some terms: * Accounts receivable represent amounts owed by customers who have purchased merchandise or services on credit and who have agreed to pay within a specified period or when invoiced. * Bad debt expenses (synonyms: bad debt expenses) represent customer amounts that are not collectible; Bad debt…