Net worth Yes, net worth includes liquid assets. It is a measure of an individual’s or entity’s overall financial position and represents the difference between their total assets and total liabilities. It provides an indication of their wealth or financial value. Assets can be categorized into two main types: liquid assets and non-liquid… Read More »
Determine To determine your liquid net worth, you need to assess the value of your liquid assets and subtract your liabilities. Here’s a step-by-step process: Identify Liquid Assets: Make a list of all your liquid assets, including cash, checking and savings accounts, money market accounts, certificates of deposit (CDs), stocks, bonds, mutual funds, and… Read More »
Financial management decision Financial management decision: Tax planning with reference to involves strategically considering and incorporating tax implications into the broader financial strategies of a company or individual. This approach aims to optimize financial management practices while minimizing tax liabilities. Here are some key considerations for tax planning with respect to financial management decisions:… Read More »
Managed Fund Whether a managed fund is worth it depends on various factors and individual preferences. Here are some considerations to help you evaluate the worth of a managed fund: 1. Professional Expertise: These funds are typically managed by professional fund managers who have expertise in investment strategies and market analysis. If you lack… Read More »
Accounting and bookkeeping course There are various accounting and bookkeeping courses available for individuals interested in pursuing a career in this field. These courses can provide you with the necessary knowledge and skills to perform accounting and bookkeeping tasks effectively. Here are some common types of courses you can consider: Certificate or Diploma Courses: These… Read More »
Fund Certificate A fund certificate refers to a document that certifies the ownership or investment in a specific fund. It serves as evidence or proof of an individual or entity’s participation in a particular fund and their entitlement to the benefits, rights, or shares associated with that fund. The content and details included in a… Read More »
Bookkeeping with no Experience Bookkeeping with no Experience, If you’re enthusiastic about pursuing a career or engaging in bookkeeping tasks but lack prior experience, here are a few steps to help you get started: 1. Learn the basics: Start by gaining a solid understanding of basic accounting principles and bookkeeping practices. There are numerous… Read More »
Liquidating Value Include Margin What is Liquidating Value? Liquidating value refers to the estimated amount that can be realized from selling off a company’s assets in a distressed situation, such as during bankruptcy or liquidation. It’s a measure of the total cash that could be generated if all assets were sold and liabilities were… Read More »
Tax planning and types Tax planning and types, Tax planning involves strategically arranging financial matters and transactions in a manner that adheres to legal requirements while effectively minimizing tax obligations. It involves making strategic decisions and utilizing available tax provisions, exemptions, deductions, and credits to optimize tax efficiency. Below are several frequently encountered… Read More »
Tax Planning Cost Tax planning cost encompasses the utilization of strategies and the execution of financial choices aimed at reducing your tax obligations and minimizing your overall tax liability. Here are some steps to consider when doing tax planning, tax planning cost: 1. Understand the tax laws: Familiarize yourself with the tax laws and… Read More »
