The Role of FASB to Business. In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals ...

The SWOT analysis identifies threats in the external environment. A threat is anything that is out of the firm's control and that could hurt its profits. Regional strategies will consider things ...

Staffing Strategies for Growing Companies. Taking a small business from start-up to success is much like parenting. Along with the excitement and joy, each phase presents new challenges. Where you ...

A business can announce its revenue growth as a percentage. Percentage growth equals the most recent period's revenue minus the previous period's revenue, divided by the previous period's revenue ...

An economic expansion is the other part of the business cycle, as defined by the NBER, which is the period of economic growth from the trough to the peak. It begins when the recession ends and ...

The Difference Between a Capital Budget Screening Decision & Preference Budget. When a small business is contemplating a significant investment in its own future growth, it is said to be making a ...

Setting every line item as a percent of sales also standardizes data. When comparing two companies in the same industry, even if they are of very different sizes, common-size data enables you to ...

Fair Labor Standards Act of 1938. The Fair Labor Standards Act, signed into law by President Franklin D. Roosevelt in 1938, set a minimum wage, overtime requirements and standards for child labor ...