Provisions are made for expenses that are known at the time of posting according to the reason for which they arise, but not their amount or their due date. The…
Popularly called the “oldest profession in the world”, prostitution is morally disapproved in almost all societies, given the degradation it represents for the people who practice it. Definition Prostitution is…
An employers’ association is an association of employers (i.e. entrepreneurs) to represent common interests. Internally, this includes the provision of information and support structures for the member companies and, externally,…
It is important for a company to operate economically and of course to make a profit. In many cases, the profits are then distributed, for example to the shareholders of…
As a private person as well as an entrepreneur, you have to pay taxes due to various laws. Fortunately, various laws allow exceptions that automatically entitle you to a tax…
In many companies, invoices for large orders are not sent in one sum. You create several advance payment invoices. Part-time invoices have advantages for the company but also for the…
The name is already meaningful here, as this term can be assigned to the area of trade. The synonym profit margin or margin is often used for the term trading…
Many founders and entrepreneurs are obliged to draw up annual accounts at the end of the year. The HGB stipulates that these annual financial statements must always be prepared at…
What do you have to consider with inventory accounts without an opening balance? In your balance sheet you will find the closing stocks for the end of the year ….
So that you can record all business transactions in your company, you need an accounting system with an extensive account system . This enables you to structure both your liabilities…
The liquid mass is in constant motion between continents, oceans and the atmosphere, forming the water cycle. How it occurs The evaporation of the liquid masses and the evapotranspiration of…
Offshoring is one of the terms that comes into Model due to the increasing globalization. According to definitionexplorer.com, the term offshoring comes from the English and means something like “relocation…
The difference between the balance sheet and the income statement The annual financial statements include your company’s balance sheet and income statement. Both are important to check the financial health…
Example of the total cost method Sales € 10,000,000 +/- Increase or decrease in stocks of finished and unfinished products +/- 2,000,000 € + other capitalized own work + €…
You are an entrepreneur and want to know how successful you actually are. But you don’t know where to look. Is it enough to look at your bank account? No,…
A liability is understood to be the obligation on the part of an entrepreneur towards customers or suppliers. As a rule, such a liability exists in financial form, but other…
Depending on whether or not they are required to keep double-entry entries, companies must prepare a balance sheet and an income statement or an income statement . This shows whether…
Even if you try hard, every now and then mistakes will happen. This is completely normal. Even when creating invoices. If you have created an incorrect invoice , the customer…
In addition to the credit market and the money market, the capital market represents one of the three sub-areas of the financial market. In most cases, private investors trade their…
As the name suggests, the Value Added Tax Act (in short: UStG) deals with the taxation of sales that are relevant in connection with different processes. This includes not only…
The International Monetary Fund (IMF), defined on abbreviationfinder, was founded in 1945 together with the sister institution World Bank. The IMF is based in Washington, DC, USA. In 2019 it…
With investment savings, every investor can invest in securities or in real estate as part of open real estate funds without having to invest large sums of money. The acquisition…
Mutual funds are one of the most popular ways to invest money in securities. They look back on a long history: The first equity fund was launched in the USA…
With the purchase of an investment unit, an investor acquires a stake in an open-ended investment fund. A capital management company collects the money from investors and transfers them to…
The term “investment” appears both in connection with business decisions and in connection with private financial planning. Experts then often speak of an investment. Consequently, the terminology is important in…
Whether electricity, the ticket for the tram or a small mixed bread: everything is getting more and more expensive. Reports of price increases in various areas seem to be part…
A distinction must be made between two variants for real estate funds. All investors can join open real estate funds at any time. These fall into the category of mutual…
Hedge funds appear again and again in the media, are often the subject of discussion, and have also been available to private investors with direct access for some time. While…
The first meaning of Calvary mentioned in the dictionary of the DigoPaul refers to the route that, marked with altars or crosses, must be crossed while praying at each of…
The baldness is the absence of hair. The term, which derives from the Latin word calvities, is linked to the fact of not having hairs on the head, or of…