Category Archives: Other Topics

What are Accruals?

What are Accruals?

Accruals is an accounting term that refers to the revenues which are earned and the expenses that are incurred both of which may lead to an impact on the income statement.  Accruals are the adjustments that should be made before the issuing of any particular company’s financial statement.  Accruals affect the balances sheet where the liabilities and non cash based assets are represented which is further used in accountings that are accruals based.  These accounts can be accounts payable or receivables, future tax liabilities, goodwill or future interest expenses.

Also the accruals involves different types of business transaction which can be as follows-

  • Liabilities, expenses and losses- these are those which may have been incurred but have not been recorded yet in the accounts.
  • Revenues and assets- these are those that are already earned but still they are yet to be recorded in the accounts.

During an accounting period when there are no invoices or payment which have been received or made, then the revenues and expenses which are incurred are called the accruals. Thus these are those figures which are precisely Continue Reading

The Advantages of Personal Injury Lawyers

The Advantages of Personal Injury Lawyers

Injuries at work can be extremely frustrating. They can be particularly frustrating if you did absolutely nothing to cause them. It can be stressful to have to skip work as the result of dealing with a serious bodily injury. It can hurt your finances significantly to have to deal with lost earnings, too. Most people… Continue Reading

Impact of Sexual Harassment at the Workplace

Impact of Sexual Harassment at the Workplace

The star studded 75thGolden Globes made headlines all over the world in 2018, with almost everyone decided to grace the red carpet in complete black, in support of the #MeToo campaign. There couldn’t have been a more impactful way of raising awareness about sexual harassment and gender inequality at the workplace, whether in Hollywood or the rest of… Continue Reading

How useful can garment conveyors actually be?

How useful can garment conveyors actually be?

Storage space is a common problem, no matter the line of business you are involved in. After all, our planet is becoming more and more crowded, and this severely limits the available space. Luckily, clever engineers are always ready to provide us with useful gadgets, and garment conveyors are one such invention. As a matter… Continue Reading