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Non-Current Assets are long term resources owned by the company. The defining line between current and non-current assets is one fiscal year. Items like cash, accounts receivable and inventory are current assets as they are expected to be converted to cash within the fiscal year. Non-Current Assets include both tangible and intangible assets. Tangible assets …
Take the quiz on the accounting of receivables and bad debts. Answers and explanation included. For my and all accounting students.
There is no doubt that the COVID19 virus has taken over our world. With that comes great uncertainty. We are unsure what the aftermath of this pandemic represents and wonder about the economic consequences of the actions we’ve taken to save lives. Early indicators, prior to the COVID19 crisis, pointed to a recession. You can …
Continue reading "Will COVID19 Cause a Recession or Depression"
As the new normal sets in with the COVID19 pandemic, we turn to technology to work, learn, and communicate. We talk a lot about working from home, but what about learning from home. The student learning environment has changed completely, from face-to-face interaction in lecture halls, whiteboard lesson explanations, and verbal communication, to online presentations …
Continue reading "Online Learning Tips for Success During COVID19"
The one thing we want to know as the COVID19 virus circumnavigates the globe and ravages the world, is how bad it will get. Risk consequence sits at the forefront of our thoughts as we think about our loved ones, our friends, our neighbours, our lives, and the world at large. How many people will …
Policy makers, governments, and political leaders are making decisions everyday in the management of the COVID-19 crisis. The decisions they make greatly affect the outcomes and your chances of being infected with the disease. And each country seems to be approaching each decision from a different desired outcome. News of wider community spread is being …
Continue reading "COVID19 What are your Chances of Getting it"
We all know by now that COVID19 is spreading throughout the world. At this stage many governments are taking containment measures or mitigation measures, depending on their risk strategy. The mainstream media, social media and discussion boards are rife with stories true and untrue, all of them instilling fear and sometimes panic in readers. Panic …
Continue reading "What You Can do to Manage the COVID19 Crisis"
With media reports of community spread of the COVID-19 virus hitting many countries outside of China, anecdotal evidence points to a change in sentiment in the United States and Canada. News reports, social media posts, the stock market, price volatility on basic items such as hand sanitizer, are all mirrors to the growing change in …
An increase in travel and tourism over the last century has seen economies boom. According to the World Travel and Tourism Council, an authority on the industry, Travel and Tourism contributed USD 8.8 Trillion, and 319 million jobs to the world economy in 2018. The industry continues to grow and grew by 3.9% in 2018 …
Continue reading "Travel, the Spread of Contagions and the Economic Impact"
The WHO has declared the COVID19 (Coronavirus) a public health emergency, and with the spread of the virus we know that there will be a large economic fallout. The exact amount is difficult to quantify at this stage, but anecdotally there is plenty of evidence, and qualitative projections can prove that the COVID19 virus will …
Continue reading "Is the Coronavirus a Catalyst for the Great Depression of the 2020s"
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