Tag: Finance and Accounting
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SEC Will Reveal the IFRS Start Dates This Week for the US
This Wednesday, the SEC will finally let us know a date for US Companies to be allowed to start using IFRS as their reporting standards. It’s essentially going to be a roadmap that the SEC commissioners will consider, and then of course open it up to the public and watch the fireworks begin.
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Think your offshore tax haven is protected? Think again…
The U.S. Senate is proposing two bills to get a stronghold on the abuse of offshore tax havens. For those of you not sure of what this is, an offshore account is a bank account located outside the country of residence of the account holder, and typically in a low tax jurisdiction that provides financial…
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Accountants Celebrate! No New Accounting Rules for 3 Years?!
That sounds like sweet music to my ears! Of course, the SEC has yet to suggest a date by which U.S. companies have to adopt IFRS rules, and the thought of such a massive switch is the current topic of discussion at some of the hard partying accounting functions in the country (think fraternity keg…
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Margin and Markup and two different things!
I know they both start with “M” and they both are used pretty frequently together. Other then that, they have entirely different meanings and one can hurt the other. Margin: The percentage margin is the percentage of the final selling price that is profit. Markup: A markup is what percentage of the cost price you…
The Finance Pig, LLC 