Better money management in 5 steps

How well do you manage your money? Ultimately, your financial success depends on your ability to take better control of your financial affairs. Here are 5 positive habits to help you manage your money more effectively, no matter how much you start with: 1. Start involving your whole family in …

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Buy a business with your own money, not a dime of your own

After reading this article you will be ready to apply your knowledge and fulfill your American dream of owning a business. This requires a serious effort on your part; However, if you are reading this article, I assume that you have decided to take this long journey and make a …

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Procedure for winding up a company in Singapore

If you do international business and are based in Singapore, you may have thought about the steps you need to take to liquidate a company. There may be many reasons for such a decision, but the fact remains that it is not an easy process and it is helpful to …

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Financial analysis of an oil company takeover

Gulf Oil Corp.–Acquisition Summary of the facts o George Keller of the Standard Oil Company of California (Socal) is trying to figure out how much he wants to bid for Gulf Oil Corporation. Gulf will not consider bids below $70 per share, despite the last closing price per share being …

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IFRS versus GAAP

There are two sets of accounting standards that are accepted for international use: US standards known as Generally Accepted Accounting Principles (GAAP) and international standards known as International Financial Reporting Standards (IFRS). The first is being developed by the Financial Accounting Standards Board (FASB), whose authority derives from the United …

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working capital management

Financial management decisions are divided into the management of assets (investments) and liabilities (funding sources) into long-term and short-term. It is well known that a company’s value cannot be maximized over the long term unless it survives in the short term. Businesses fail most often because they cannot meet their …

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Should I file for bankruptcy?

Let me tell you about a common scenario I encounter. It’s near the end of a bankruptcy deliberation and I’ve delivered my speech on the pros and cons of bankruptcy proceedings, the difference between Chapter 7 and Chapter 13 filings and what not. I ask my prospect if he has …

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mergers and acquisitions

Mergers and acquisitions, also known as M&A, are business processes to acquire new assets by buying, acquiring or merging with other companies. As with any type of business, there are pros and cons to both mergers and acquisitions. Benefits include: the potential to increase a company’s earnings, the potential to …

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7 rules of capital formation

Folks, have you ever wondered why some people are wealthy and others are not? How can you get into this situation? How can you change your life so you can have all the things you ever wanted? A few very simple yet proven strategies will put you on the path …

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Net Asset Value and Tangible Net Asset Value

A company’s net asset value (or “NAV”) is the residual percentage of its assets after all of its liabilities have been deducted. In other words, NAV is the company’s equity and is seen as a buffer that the company’s market capitalization should rarely fall below. “NAV” or “Equity / number …

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