The government has proposed a cap of 401k accounts of $3 million. They state that this tax money could help them better run their government programs and this is more than enough for someone to live off of in retirement. However, this cap could have many negative outcomes.
General Accounting Info & Tips
General information on business and personal accounting.
Inventory is essential to every business and if you don’t understand the various types of inventory methods to determine inventory values and controls your business will fail fast! Here, we challenge you to test your inventory methods IQ!
For business payroll or accounting departments, it’s important to ensure you know all the rules when it comes to payroll, deductions and when overtime pay is due. Take our quick 13 question quiz and test your knowledge.
Accounting can be quite complex but those who love it know the accounting cycle is really a science because all those debits and credits make your books balance. Do you think you know all the ins and outs of accounting journals? If so, take this quick 15 question quiz and test yourself.
What’s your working capital IQ? Take this quiz to learn how much you know about managing current assets in order to meet all current obligations. The formula for determining the working capital is easy; the tricky part is determining its efficiency to ensure an entity’s safety margin of liquidity.
How good are you at recognizing accounting irregularities? Here’s a quiz that will test your knowledge of some of the most notorious accounting scandals. This could serve as an effective way of making sure you’ll be making the right financial decisions.
Late night talk show host David Letterman once said, “There’s no business like show business, but there are several businesses like accounting.” Surprisingly, there are many famous folks who studied accounting and even passed the prestigious CPA exam. Here we take a look at ten of them!
Lost on assets and liabilities? Actress Mae West once said, “Brains are an asset to the woman in love who’s smart enough to hide ‘em.” While you don’t want to hide your assets or liabilities on your balance sheet, this quiz will test your knowledge on how well you know the difference.