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1st – “Gibbon’s Secrets” is a story about ‘A Boy’s Memories of the 40’s’. The story is Historical Fiction even though some of the incidences that happened to me and my four friends as we were growing up in the small town of Gibbon Nebraska may appear to be true. The story covers life on […]

Historical fiction Author RG Bud Phelps Chosen As One of 50 Great Writers You Should Be Reading For New Historical Fiction Release, ‘Anti Nazi Task Force’ http://www.freepublicitygroup.com/release_bud_phelps_feb115.html” title=”In The News – Anti-Nazi Task Force”> “I am pleased to have been chosen as one of...

Analysis of Financial Statements At the end of each period it is advisable to make an analysis of your financial statements. Compare your beginning Balance Sheet to your ending Balance Sheet utilizing the keys that we discussed earlier. Also, compare the Balance Sheet Ratios that are important to you. Compare your period Income Statement to [&helli...

Solvency Ratios Debt Ratio – Calculates the portion of Total Assets relative to Total Liabilities. In our example Total Liabilities $144,780 / Total Assets $384,540 = 37.65% Equity Ratio – Calculates the portion of Total Assets relative to Total Equity. In our example Total Equity $230,760 / Total Assets $384,540 = 62.35% Debt-to-Equity Ratio &...

Liquidity Ratios Current Ratio – The Current Ratio in the Balance Sheet example shown earlier is the mathematical relationship of Current Assets to Current Liabilities: (Current Assets $117,040 / Current Liabilities $57,480 = $2.04) For every $1 of Current Liabilities there is $2.04 in Current Assets. This indicates a good liquid position and now...

The Accounting Cycle Record Journal Entries Post Cash or Credit Transactions Review Unadjusted Trial Balance Post Adjusting Entries Review Adjusted Trial Balance Review Financial Statements Record Closing Entries