Category: Archive

In his book “A Theory of Justice,” philosopher John Rawls uses the thought experiment of the “veil of ignorance” to explore what he believes to be the justest society. Under this veil, everyone is ignorant of their specific characteristics, such as race, gender, or economic class. This thought experiment is intended to strip away any… Continue reading What is The Veil of Ignorance?

Accounting is recording, classifying, and summarizing financial transactions to provide helpful information in business decisions. Italian mathematician Luca Pacioli laid the foundation for modern accounting in 1494 when he published a book describing double-entry bookkeeping. Accounting has evolved since then, but the basic concepts remain the same. In this blog post, we’ll take a closer… Continue reading What Is Accounting?

The FASB is one organization that provides standardized guidelines for financial reporting. The Financial Accounting Standards Board’s (FASB) mission is to establish and improve financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information. Accounting standards are essential to the efficient functioning of the… Continue reading What Is the FASB?

The line reporting sales revenue is the first and most important part of an income statement. Businesses need to be consistent from year to year regarding when they record sales. For some businesses, the timing of recording sales revenue is a significant problem, mainly when the final acceptance by the customer depends on performance tests… Continue reading What Are The Parts Of An Income Statement?

What Are My Social Security Death Benefits When a loved one dies, it can be a difficult and confusing time. One of the many things you may have to deal with is figuring out their Social Security benefits and how to claim them. Understanding these benefits and how they can make this process easier will… Continue reading 5 Things You Need To Know About Your Social Security Death Benefit

What if you could stretch your $5,000 budget into a $10,000 vacation? Imagine how much more you could do and enjoy: a more excellent hotel, better food, or maybe you would change your plans altogether. It can be done. With some research and planning, taking a nicer vacation than you think you can afford is… Continue reading 7 Secrets To Save On Your Spring Vacation

Are Debit Cards Smart Choices? Debit cards are becoming increasingly popular, but are they a smart choice for everyone? Let’s look at the pros and cons of debit cards to see if they’re right for you. The Pros of Debit Cards Debit cards are an increasingly popular financial tool offering several advantages, including convenience, improved… Continue reading 5 Tips For Choosing The Right Debit Card

Are Payday Loans A Scam? You may consider a payday loan if you’re in a bind and need cash fast. But are these loans really what they’re cracked up to be? Or are they big scams leaving you with even more financial trouble? Let’s take a closer look at payday loans to see if they’re… Continue reading Are Payday Loans A Scam?

Some people might be a hazard to your financial health, but you may not have noticed their negative impact on your wallet. This is because we focus so much time and energy on these individuals that it becomes difficult for us to think about anything else when there’s no conflict between ourselves and those close… Continue reading 7 Ways Your Family and Friends Might Ruin You

You might be new to real estate and have seen or heard about a property that was “CTG.” What is CTG status, and how does it impact your analysis of the property? CTG is real estate shorthand for “contingent.” This means that the property has an offer subject to one or more contingencies.  What is… Continue reading What Does CTG Mean In Real Estate?