Goodwill is one of the most misunderstood accounting concepts, and the stakes for getting goodwill accounting right are very high. Altria, the cigarette manufacturer, took a huge financial hit in early 2020 on its investment in Juul, the firm that produces the smokeless/ vaping product. What Happened This Reuters article explains that: […]
Plan For Your Future With These Helpful Tips
in Personal Finance/by Kenneth W. BoydWhen you are planning your next Friday night with your friends, you are planning for Friday night and nothing more. When you plan for your next business meeting, you prepare for the meeting with your colleagues, and nothing more. When do you take the time to plan for the future? When you’re young, the […]
Buying New Versus Resale Property
in Personal Finance/by Kenneth W. BoydReal estate agents offer advice and guidance for people buying a new home. One question you might be asking is whether you should buy a new build home or resale property. There are advantages and disadvantages to both new homes and resale property. Here we explore both. Choosing between a new or resale property […]
How To Manage Your Finances Efficiently As A Business
in Personal Finance/by Kenneth W. BoydManaging your finances efficiently as a business is something that takes practice but also adapting as you grow and become more successful as a company. It’s important not to let go of the important things when it comes to a business, the main one being your financial health. Here are some tips to help manage […]
Air vs. Sea Shipping: What’s the Best Choice for International Cargo Delivery?
in Entrepreneurship/by Kenneth W. BoydThere are tons of Filipino people and families that have migrated to different parts of the world. But despite that, they never forget the family they have left behind in the Philippines. You can expect them to buy plenty of stuff and save them all until they can send it in one big box. […]
What’s the Best Way for You to Invest?
in Personal Finance/by Kenneth W. BoydThere’s no right or wrong way for you to invest your money. If you’re going to see the returns you want to see in the long-term, your focus should be on making sure that you take the approach that’s right for you. Everyone is different in pretty much every way and that applies to […]
How to Use Activity-Based Costing (5 Video Links)
in Accounting/by Kenneth W. BoydNot all costs can be assigned directly to a product or service, and that makes it harder to compute the total cost for an item that you sell. Say, for example, that you manufacture baseball gloves. You spend money to purchase leather as a raw material, and you incur labor costs to run machinery […]
What Pier 1’s Bankruptcy Teaches Us About Return on Assets (blog post, graphics)
in Accounting/by Kenneth W. BoydWhat’s the rate of return? It’s a common investor question. When you’re investing in stocks, bonds, or mutual funds, it’s helpful to know the investment’s historic rate of return. You compare the investment risks to the rate of return, and use that analysis to make a decision about investing. A business owner […]
What Airbnb’s Profit Struggles Teach Us About Contribution Margin (Blog post with graphics)
in Accounting/by Kenneth W. BoydI like Airbnb, and I’ve used the service multiple times. The company has huge brand awareness, but was struggling to produce consistent profits in early 2020. What Happened The Wall Street Journal wrote about Airbnb’s 2020 profit struggles, as it considered launching an IPO. Here are some quotes: “The company is […]
What the $4.1 Billion Juul Writedown Teaches Us About Goodwill (Blog post, graphics)
in Accounting/by Kenneth W. BoydGoodwill is one of the most misunderstood accounting concepts, and the stakes for getting goodwill accounting right are very high. Altria, the cigarette manufacturer, took a huge financial hit in early 2020 on its investment in Juul, the firm that produces the smokeless/ vaping product. What Happened This Reuters article explains that: […]
What to Know Before You Buy a Pre-Selling House and Lot
in Personal Finance/by Kenneth W. BoydBuying a home is one of the biggest financial milestones in every Filipino’s life. A house is a costly yet worthwhile investment, but it doesn’t need to be so expensive. There are tons of options that will save you money, while still allowing you to get the house of your dreams. One option is a […]