Viva Edmund

Equity Capital: The Nature, Risk, and Reward

2012-02-01T13:54:00.001+07:00

Equity capital is the remains in the way of assets after all debts and other charges are accounted for. Hence, equity capital sometimes called residual capital. It serves as the financial foundation of a company. Indeed, one can not launch any sort of business venture without equity funds.
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Break-Even Point Analysis

2012-01-24T08:54:00.000+07:00

We recognize that business generally has two types of costs. First, fixed cost. It is cost that inflexible and include such expense as interest, rent, property tax, and straight line depreciation expense that must be charged no matter the production quantity produced, either in bad or good season. The second, variable cost.It is related to the operating level of a company such as the number of labor and their working hours, raw material incurred, and quantity based depreciation expense. Other variable costs, while they lend themselves to control, are not necessity directly affected by production levels. Thus, a company may as it sees fit reduce or enlarge expenditures for advertising and promotion, research or ground-keeping.
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Financial Organization

2012-01-12T16:05:00.001+07:00

A small business usually carries planning and control in a single individual, often a person heading up the whole company. Financial management in such this company is apt to be informal; it is simply a facet of the manager’s overall job guiding, coordinating, and controlling the activities of the firm.
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Blogger Tip: Install Social Network Plugin On Blogger

2011-03-29T13:11:00.007+07:00

Social network is a tool to promote a page or URL to friends, visitors, or public. Many social nework plugin are available and you can get it either individually or groups. Individual social network plugins are such as Facebook, Twitter, Google Buzz, StumbleUpon, Digg, Delicious, and Yahoo Buzz. Example of group social network plugin are ShareThis and Addthis. By using this group social network, you can share a page easily. AddThis and ShareThis provide the plugin you like to choose, while individual social network, you have to install manually.
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Objectives of Financial Reporting by Business Enterprises (FASB-CON No 1)

2011-03-10T10:38:00.016+07:00

Financial Accounting Standard Board - Statement of Financial Accounting Concepts No. 1 stated that financial reporting includes not only financial statements but also other means of communicating information that relates, directly or indirectly, to the information provided by the accounting system—that is, information about an enterprise's resources, obligations, earnings, etc. Management may communicate information to those outside an enterprise by means of financial reporting other than formal financial statements either because the information is required to be disclosed by authoritative pronouncement, regulatory rule, or custom or because management considers it useful to those outside the enterprise and discloses it voluntarily. Information communicated by means of financial reporting other than financial statements may take various forms and relate to various matters.

The summary of FASB-Statement of Financial Accounting Concepts No. 1: Objectives of Financial Reporting by Business Enterprises (SFAC-CON No 1) is as follows:

Financial reporting is not an end in itself but is intended to provide information that is useful in making business and economic decisions.
The objectives of financial reporting are not immutable—they are affected by the economic, legal, political, and social environment in which financial reporting takes place.
The objectives are also affected by the characteristics and limitations of the kind of information that financial reporting can provide.

The information pertains to business enterprises rather than to industries or the economy as a whole.
The information often results from approximate, rather than exact, measures.
The information largely reflects the financial effects of transactions and events that have already happened.
The information is but one source of information needed by those who make decisions about business enterprises.
The information is provided and used at a cost.

How To Write Number In Words Using MS Access Visual Basic Application

2011-03-09T16:44:00.006+07:00

Example is like this: 8,630.15 will be spelt "Eight thousand six hundred thirty dollars and fifteen cents" (see below sample picture).

Numbers in English are associated with the singular and plural of a word. Using Microsoft Access-Visual Basic Application, we can write numbers in English words just like words for amounts written in a formal document such as invoice and check (cheque).

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How to Unfollow or Stop Following a Blog in Google Friend Connect

2011-02-17T12:44:00.010+07:00

Following a blog of blogspot.com using Google Friend Connect (GFC) is easy. You just click the follow button, sign in using your account, click follow, and finish. But what if you want to unfollow or stop following blog that you are following in GFC?

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Customize Your Facebook Like Button More Specific

2011-02-17T12:28:00.007+07:00

Facebook Like (F Like) button is one of the most popular features provided by Facebook Social Plugins. It is used to express our opinion to our Facebook friends that we like a page in a site and suggest them to read the page.

For example, if you like this page, then you can press/hit F Like button and tell your friends listed in your Facebok friend's list to read this page. Do you know how to customize this F Like button work in a more specific items in your page, rather than in a page itself?

Suppose that your page has one or more pictures, and your friends or visitors like one of the pictures, then they can press/hit F Like button to this picture. With these more specific F Like buttons in a page, visitors or your friends may like not only the page but also the detail contents of your page also.

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Survive in Emergency or Bad Situation

2011-01-13T14:38:00.000+07:00

For those of you who like mountain climbing, journey in the forest, canoing, or rafting, anticipating emergency or bad situation is very important.

Preparation for handling emergency is indeed very simple. Before you go for a journey, make sure that all standard emergency survival kits are ready. Standard emergency survival kits consists of first aid kit, flashlight, matches, compass (if possible bring GPS navigation tool), life vest, etc. For kits that need battery power, make sure also they are fully charged. Put the standard emergency survival kit into one place that is light enough, well-built, water proof, easy to identify, and reachable.

When the bad situation really happens, do not be panic. Panic is more dangerous than fear. This is not easy to apply, but you must do that. Be calm and keep positive thinking are the keys, also.

How To Survive If Lost In the Forest

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Hoax News of Facebook Will End on March 15th, 2011

2011-01-10T12:53:00.003+07:00

“Facebook has gotten out of control,” said Zuckerberg in a press conference outside his Palo Alto office, “and the stress of managing this company has ruined my life. I need to put an end to all the madness.”

Mark Zuckerberg announced that Facebook will be shut down in March. Managing the site has become too stressful.

Zuckerberg went on to explain that starting March 15th, users will no longer be able to access their Facebook accounts.

“After March 15th the whole website shuts down,” said Avrat Humarthi, Vice President of Technical Affairs at Facebook. “So if you ever want to see your pictures again, I recommend you take them off the internet. You won’t be able to get them back once Facebook goes out of business.”

Zuckerberg said that the decision to shut down Facebook was difficult, but that he does not think people will be upset.

“I personally don’t think it’s a big deal,” he said in a private phone interview. “And to be honest, I think it’s for the better. Without Facebook, people will have to go outside and make real friends. That’s always a good thing.”

Some Facebook users were furious upon hearing the shocking news.

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Nine Tips to Buy Discount Product

2011-01-03T17:22:00.005+07:00

Women are identical with shopping habits. Even though holiday season like Christmas and new year season is over, shopping activity is a must. Yet, women can not neglect themselves to buy products offered at discount price.

The problem is, not all discount prices give appropriate quality benefits, either. Some producers discount their product price no matter the quality is good or not. Following are the tips on buying the discount product that may be useful for you.

Make sure that you really need the product. Do not buy unnecessary product because you only waste your money, time, and even space in your house for keeping the product.
Pay attention always to product quality. Cheaper price of a product may indicate that the product probably is broken, scrapped, defected, or below standard. Accordingly, scrutinize the whole package first before you buy.
Some products such as food, drugs, cosmetics, and other body treatment products have expiry date written in their package. You must check the expiry date and make sure that your consuming period is not exceed the expiry date.

Viva Edmund: Near Death Experience Signs

2011-01-01T20:06:00.000+07:00

Viva Edmund: Near Death Experience Signs: "Some people may have had Near Death Experience (NDE) and it effects the life after NDE. Near Death Experience (NDE) is a condition in which..."

Near Death Experience Signs

2011-01-01T17:22:00.004+07:00

Some people may have had Near Death Experience (NDE) and it effects the life after NDE.

Near Death Experience (NDE) is a condition in which someone is declared dead medically, while actually he or she has experience that is very closed to the death itself. Medically, a person is declared dead when the heart has stopped beating, the lungs have not breathed for a long time, and the brain has completely stopped working.

To get a near death experience, someone must have unusual phenomena and signs:

Declared dead medically as explained above.
Out of body experience (OOBE), an experience involves a feeling or consciousness that is floating outside their body, being light, and that they can fling up to everywhere, break through the physical border such as wall, door, glasses, or roof. Someone who has OOBE often see their own body lying feebly surrounded by their closest families and friends.

Are You Jealous?

2011-01-01T09:38:00.007+07:00

Everyone can be jealous. The question is how deep is your jealousy? For those of you who don't really know whether you are jealous or not can read this article and assess yourself by answering the questionnaires attached.

Jealousy that happened in you may arise because of insecure feeling in your personality. You feel threatened and afraid if your partner turns to someone else. You are normal if your jealousy does not bother your partner's independence.

You may be jealous, but don't be over jealous. A little jealous expression is a reminder that both of you have made a commitment. By showing this expression, love chemistry element is more important than aggressiveness. A jealousy in expressing love meaning will increase personal relationship and affection between you and your partner.

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Honey Jam Fried Bread

2011-01-01T03:50:00.000+07:00

For those of you who want to enjoy and be relax in the morning of your week-end, this simple recipe may help you. It is very delicious you know, and you have to try it.
Step 1. Honey jam
Ingredient:
50 grams of honey
One half tablespoon of powdered cinnamon
2 tablespoons of lemon extraction
One tablespoon of maize + 25 cc hot water as dissolver.
How to make:
Boil the honey in a small saucepan at medium hot temperature
Pour cinnamon powder into it
To thicken the honey, pour the maize and stir slowly.

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Three Types of Chart To Guide You in Stock and FX Market

2011-01-01T03:18:00.000+07:00

Chart is a graphical tool used by investors or traders to understand the price movement in the market of stock, currency, commodity, or future in a specified time frame.

Investors or traders use chart to predict the future price (price trend) based on the historical and current price.
We can depict the chart in two axes/dimension form. One axis, commonly represented by horizontal x axis, is described as time period. The other axis, vertical y axis is described as price measured in monetary unit. There are three types of chart that mostly used to predict the future price (price trend): Line chart, bar chart, and candlestick chart.

Line chart is the simplest chart that describes the price movement on certain periods of time, usually price at closing time (see picture below)

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The Beauty of Mentawai Islands

2010-12-22T10:48:00.043+07:00

Earthquake and tsunami happened on Oct 25, 2010 have destroyed almost all Mentawai Islands, included tourism sector which is the main income for these islands.
Mentawai, outer islands of West Sumatera Province, Indonesia, have very beautiful panorama and unique community custom. There are four islands in Mentawai populated: Siberut, Sipora, North Pagai, and South Pagai. Majority population is Mentawai Tribe that has traditions maintained from generation to generation, since Neolithic age.

Mentawai Tribe maintains the tradition to tattoo their body. Mentawai tattoos are well known around the world, and become one of the oldest tattoos in the world. Every tattoo printed in their body becomes part of self identity, social symbol, work, and natural meaning.

How to Download Your Free Yahoo! Email Service Into Ms Outlook

2010-12-20T12:19:00.001+07:00

As we all know, Yahoo free email service does not have POP3 feature to download email messages to clients’ computer disk. All email messages are saved in Yahoo server, in which it is difficult for us to read them while the internet is off. Yahoo POP3 feature can only be applied by those who pay for that.

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Cheese Banana Spring Roll

2010-12-19T00:17:00.005+07:00

For those who like cooking must try this recipe at home. Simple recipe and easy to cook, cheese banana spring roll.

Cheese banana spring roll is a kind of cake made from banana, spring roll wrapper, and cheese. It is very delicious. You can try this at home. All the stuffs are ready to prepare for you. How to make it? Here they are.

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Christmas Songs 2010 Special Edition

2010-12-18T00:20:00.003+07:00

Christmas celebration can not be separated from its beautiful songs. The days before Christmas, usually 14 to 10 days before, are celebrated with many kind of Christmas songs and products. Many types of superstores, shops, and hotels are offering their discounted products or services and at the same time playing Christmas songs. Some are playing cheerful Christmas songs, while some others are playing affectionate ones.

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Accounting Method

2010-08-17T16:09:00.018+07:00

An entity can record the transactions under two methods:

Cash basis

Under the cash basis, transactions and other events are recognized when cash or its equivalent is received or paid. Revenue is recognized and recorded when cash is received and expense is recognized and recorded when cash is paid. Both revenue and expense are reported during the period to which they received and paid.

The cah basis is simple, since the transactions are recorded based on actual cash flow (in/out). This method is applied suitably for the small or cash based company.

Accrual Basis

Under the accrual basis, transactions and other events are recognized when they occur (and not as cash or its equivalent is received or paid) and they are recorded in the accounting records and reported in the financial statements of the periods to which they relate. Financial statements prepared on the accrual basis inform users not only of past transactions involving the payment and receipt of cash but also of obligations to pay cash in the future and of resources that represent cash to be received in the future. Hence, they provide the type of information about past transactions and other events that is most useful to users in making economic decisions.
IFRS-Framework require the accrual basis to be applied to in order to meet the objective of financial statement.

Related Post :

Qualitative Characteristics of Accounting Information (FASB-CON No 2)

2010-08-16T12:59:00.057+07:00

In 1980, The FASB pronounced a Statement of Financial Accounting Concept (SFAC/CON 2) regarding the Qualitative Characteristics of Accounting Information.

Qualitative Characteristics of Financial Statements (IASB-IFRS Framework)

2010-08-14T14:52:00.022+07:00

Qualitative characteristics are the attributes that make the information provided in financial statements useful to users. The four principal qualitative characteristics are understandability, relevance, reliability and comparability.

Understandability

An essential quality of the information provided in financial statements is that it is readily understandable by users. For this purpose, users are assumed to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the information with reasonable diligence. However, information about complex matters that should be included in the financial statements because of its relevance to the economic decision-making needs of users should not be excluded merely on the grounds that it may be too difficult for certain users to understand.

Basic Accounting Principle

2010-08-14T14:51:00.010+07:00

1. Business Entity

All the business transactions of a sole proprietorship shall be recorded separately from the business owner's personal transactions. For legal purposes, a sole proprietorship and its owner are considered to be one entity, but for accounting purposes they are considered to be two separate entities.

2. Monetary Unit

Economic activity is measured in currency unit, so that all the business transactions shall be recorded in currency unit.

3. Periodicity

All the transactions shal be allocated and recorded to a given period of time. If cover several periods, they must be allocated and recorded proportionally based on the period of time.

Users of Financial Statements (IASB-IFRS Framework)

2010-08-14T14:51:00.008+07:00

The users of financial statements include present and potential investors, employees, lenders, suppliers and other trade creditors, customers, governments and their agencies and the public. They use financial statements in order to satisfy some of their different needs for information. These needs include the following:

Investors. The providers of risk capital and their advisers are concerned with the risk inherent in, and return provided by, their investments. They need information to help them determine whether they should buy, hold or sell. Shareholders are also interested in information which enables them to assess the ability of the entity to pay dividends.
Employees. Employees and their representative groups are interested in information about the stability and profitability of their employers. They are also interested in information which enables them to assess the ability of the entity to provide remuneration, retirement benefits and employment opportunities.
Lenders. Lenders are interested in information that enables them to determine whether their loans, and the interest attaching to them, will be paid when due.