The Business of Financial Independence: Seven Methods to Attain Freedom from Financial Worries

Many people are accustomed to living paycheck to paycheck. Once the bills are paid there’s nothing left to save, even though what was left over was unwisely spent. It is estimated that most families are a mere two months away from bankruptcy. Many people simply don’t know how to use money to insure and increase […]

Absorption Costing: Full Cost Accounting

Absorption costing adds apportioned overheads or indirect costs to prime costs to arrive at the cost of the product. Absorption costing involves the following three step process: Allocation – is the charging of direct overhead costs to the cost centres or cost units they relate to. Apportionment – there are two types of apportionments, primary […]

Bipartisan Financial Reform Bill in U.S. Senate: Federal Reserve Board Chairman Bernanke Lobbies Against Reformation

U.S. Senate Banking Committee Chairman Chris Dodd (D-Conn.) is spearheading a tripartisan Senate move to remove the Federal Reserve’s broad domestic regulating power and subject the U.S. central bank to government audits by a new governmental agency that would be called the Consumer Financial Protection Agency. According to financial analysts, the 30 Senate co-sponsors of […]