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Monthly Archives: January 2008

Super Bowl Proposition – 2008 NFL Betting Props – Pro Football Prop Bets

As each year as the Superbowl seems to gain momentum, so does the allegiance of gambling against it.  For those who don’t know, prop betting is those odd or one of a kind betting propositions that you don’t normally see.  It doesn’t have anything to do with the outcome of the game, mainly just other situations where the winner or loser has no precedent on the bet. Read More »

There seem to be a vast number of technical definitions for the word ‘Recession.’  Although most of the financially based definitions seem to be more centered around GDP, they all reflect negatively.  The best definition I found to match our current situation is “the state of the economy declines; a widespread decline in the GDP; and employment and trade lasting from six months to a year.” Read More »

Not too many accountants realize that there are a number of methods written and established to change the way your company looks on paper.  Revenue recognition is a simple way to have your company look vastly different in the eyes of an outsider.  The basic rule is that there are either cash or accrual accounting methods.  Cash accounting shows the cash when received.  With accrual accounting, when you receive the cash is completely irrelevant.  So this leaves the method in how you recognize the revenue open. Read More »

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