Thursday, January 31, 2013

Get Rid of Belly Fat Fast - 3 Deadly Things You Must Know When You Are Trying To Lose Belly Fat

How many days more do you want to go by where you wake up every morning and look at the mirror just to see that overhanging belly that never seems to go in?

Have you ever wished to just chop if off once and for all?

How many times have you got upset when you couldn't buy a nice pair of jeans that fits your size?

Get Rid of Belly Fat Fast - 3 Deadly Things You Must Know When You Are Trying To Lose Belly Fat

You need to forget the idea of a thousand of crunches. I bet that even if you do a million crunches, you are going to get the same slow result as doing a hundred crunches. So don't waste your time and energy in something that simple won't work.

Getting flat abs is every man and woman's dream, in their consciousness or at least in their sub consciousness. And that dream of yours can very soon become a reality if you follow the following steps I have outlined in a simple and easy to follow system.

# You need to think big.

If you are working to get rid of belly fat ONLY, then you have to understand that every time you lose a pound of fat in your belly, another pound of fat falls into your belly from another part of your body.

This shows that you have excess fat. And if this is the case, you can't get rid of belly fat by simple ab crunches. You need to work on getting rid of fat from all over your body. This means, you need to do more resistance training that works your entire body.

# You need resistance training.

Since you goal is to get rid of belly fat FAST, the best exercises to perform are ones that can turn your body into fat burning blowtorch. And what are these exercises called? Compound Exercises.

Compound exercises, to be simply put, are single exercises that target many muscle groups all at once.

Example:

The Famous "Pushup", targets the biceps, triceps, chest, back, shoulders, and the abs.
The Powerful "Dead lift", targets the thighs, quads, buns, abs, core, traps.

Let's compare:

Bicep Curl targets the biceps.

Tricep Kickback targets the triceps.

Leg Press targets the quads.

You can get a hardcore fat loss workout in less than 10 minutes if you choose the right compound exercises.

If you want to get rid of belly fat fast, you need resistance training, and the fastest resistance training exercises that can speed up the goal to losing belly fat and getting that nice set of abs is compound exercises.

# You need a proper Diet and Nutrition plan.

Did you know that diet and nutrition accounts for 80% of your body fat system? If you want to get rid of belly fat fast, then you need to:

=> Eat more often, a minimum of 6 short meals a day.

=> Have a portion of lean protein in every meal. This could be a protein shake, chicken breast etc...

=> Eat breakfast like a king, and dinner like a peasant. This means, you need to eat less in your dinner than you eat in your other meals.

=> Like parents always say, always eat your green vegetables.

=> Try to have a glass of green tea after every meal. This helps control your hunger.

=> Drink a minimum of 10 glasses a day.

=> Keep sugar levels low, but not too low, you need a little sugar to keep your system active. No wonder eating too many chocolates makes us hyper active.

=> Never let yourself to starve. This trigger's fasting inside your system, and starts storing more fat instead of burning them.

If you want to get rid of belly fat, then you really have to follow the diet and nutrition plan. It is the most important of all factors. Even if you skip the first three factors, Diet and nutrition can help you achieve 80% of your fat loss goal.

So, to sum it up, three things are crucial if you want to get rid of belly fat fast. You need to lose fat from all over your body, perform more compound exercises, and an optimized diet and nutrition plan.

Get Rid of Belly Fat Fast - 3 Deadly Things You Must Know When You Are Trying To Lose Belly Fat
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Saturday, January 26, 2013

What Are the Key Differences Between Forensic Accounting and Traditional Accounting?

Here're some of the best known differences between a Forensic accounting and Traditional Accounting in a glance;

1. A very obvious and discrete key difference which one can identify between a traditional auditor VS a forensic accountant is that :
The former is someone who checks the math accuracy in the accounting department while the latter is someone whom are looking behind these financial numbers find out what's not quite right.

2. The second differentiation is the "investigative intuition".
Intuition refers to the gut instinct which one may have to guide you to the appropriate direction as of where your investigation should start from. This is not text book earned, but rather something which can be earned through massive experiences. Most of the time, no investigation intuition is found nor required in the traditional accounting scope.

What Are the Key Differences Between Forensic Accounting and Traditional Accounting?

3. Traditional auditing is a process of auditing others' work to determine if they have followed the documented official policies, procedures and practices of the company. The determination is based on evidence. It is a matter of fact and not merely a matter of opinion. This kind of audits is required by financial intermediaries and the government depending on circumstances.

4. Traditional auditing focus on error identification and prevention. Prevention is the result of an effective internal control system. The auditor reviews the effectiveness of the internal control system by sampling transactions of some agreeable percentage. Materiality is the accounting way of designating the importance of a transaction or an event.

5. Traditional Auditors use statistics to determine the probability that material errors will or will not be identified and the possibility of its happening. This is a concern since only a sample of transactions and events will be reviewed. The system of internal control is evaluated. It is argued that If the internal control system is deemed to be highly effective, then material errors are not probable.

6. Traditional auditors typically adhere to the generally accepted auditing standards (GAAS) as promulgated by the Public Company Accounting Oversight Board (PCAOB). External auditors are typically reviewing whether an organization is following GAAP. GAAP are promulgated by the Financial Accounting Standards Board (FASB) .This denotes that means that auditors are affected by all three of these organizations and must stay current with old, new and changing standards and principles issued by all three of these organizations.

7. Instead, forensic accountants use physical evidence, testimonial evidence, documentary evidence and demonstrative evidence to help identifying suspect and culprits.

8. For Forensic Accounting, any type of evidence can be used as information, be it documentary paper, a computer video or audio. However, it requires an expert to interpret the evidence and present it. Demonstrative evidence is not actual evidence. It is just an aid to understanding just like a model of a body part or pictures or other devices are used to help clarify the facts.

9. Forensic Accountant is often asked to serve as an expert witness for a lawsuit or criminal case in a court, the forensic accountant needs to have applied reliable principles and methods to sufficient facts or data. The expert witness is a recognized specialist relative to the principles and methods applied to the sufficient facts or data.

10. A forensic accountant typically need to possess the expertise and skills in these 2 fields : Private investigator and Accountings are what specifically required to be a great forensic accountant. On the other hand, there is no such requirement in the traditional accounting space.

What Are the Key Differences Between Forensic Accounting and Traditional Accounting?
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Wednesday, January 23, 2013

The Importance of Cost Accounting

Managers rely on cost accounting to provide an idea of the actual expenses of processes, departments, operations or product which is the foundation of their budget, allowing them to analyze fluctuation and the way funds are used socially for profit. It is used in management accounting, where managers justify the ability to cut expenses for a company in order to increase that company´s profit. As a tool for internal use, versus a tool for external users like financial accounting, cost accounting does not need to follow the GAAP standards (Generally Accepted Accounting Principles) because its use is more pragmatic.

It creates a financial value out of the production of a product, measuring currency that is nominal into units that are measured by convention. By taking recorded historic costs a bit further,it allocates a company´s fixed costs over a specific time period to what items are actually produced during that period of time, creating a total cost of product production. Products that were not sold during that period of time produced a "full cost" of those products, recording them in a complex inventory system that uses accounting methods of its own that are in compliance with the GAAP standards. Managers are then able to focus on each period's results as it relates to the "standard cost" of any product.

Any distortions in expenses that were caused by calculating what the overhead of a product is versus what a unit cost is for companies that specialize in only one specific product are very minor in industries that mass produce that product with a low fixed one. Understanding why it varies compared to what was actually planned helps a manager to save a company money by taking actions that are appropriate to correct that variation in the future. Variance analysis is a very important part of cost accounting because it breaks down each variances into many different components of standard and actual one. Some of these components are material expenses variation, volume variation and labor expenses variation.

The Importance of Cost Accounting

It is a very important part of the management accounting process. In order for managers to determine the best methods to increase a company's profitability, as well as saving a company money in the future, cost accounting is a necessary system in the management of a company's budget, providing important data to analyze fluctuation in company production expense.

The Importance of Cost Accounting
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Executive level pay is based upon company performance. If the performance of a company is not reported in a proper manner, executives make money that far exceeds what the business is capable of and creates a false picture of a company's performance. This false reporting causes the stock market to balloon by rewarding stock to companies who do not deserve it, and these methods have a bad effect on our economy. Business accounting that honor the GAAP (Generally Accepted Accounting Practices) creates a transparent persona, an air of trust and respect, from the users of their financial statements. Read more [http://www.bigarticlepool.com/articles/The_Importance_of_Cost_Accounting_2b40a090-6a45-102c-8c43-000e0cc62f92.php].

Uma Ilango is a programmer from profession. Has lots of interest in non-technical writing too. She has written articles in several topics. Her hobbies include reading, surfing, writing and playing chess. She writes regularly at Bigarticlepool.com [http://www.bigarticlepool.com]

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Monday, January 21, 2013

Accounting Ethics - The Importance of Ethical Practices in Business and Personal Finance

What is ethical accounting? The idea of accounting ethics deals with the moral and values-based judgments and decisions an accountant or accounting agency confront daily in their practice. Due to the nature of their work as communicators of financial information to business managers, shareholders, and the general public, as well bookkeeping and auditing of business entities, accountants and accounting agencies are held to the highest standards of transparency and morality in regards to their research and the information they convey. Accounting can be used as a way to study how and why a business may succeed or fail, but above all it is a public service; those who practice it must make judgments and decisions that can sometimes supersede the interests of their clients in favor of the interests of the public at large.

Failure to apply ethical standards to accounting creates the opportunity for manipulation of facts and information that, if used to mislead, could cause a person to invest under false pretenses, or a business to represent its finances fraudulently to its shareholders. It is of the utmost importance that the public be able to trust accountants and accounting, because their financial future, and that of their family or business, could be at stake.

Why is it important that accountants and accounting firms be ethical?

Accounting Ethics - The Importance of Ethical Practices in Business and Personal Finance

Over the years there have been several large accounting scandals in the United States, and in the world at large, which caused private investors and public shareholders to lose billions of dollars, and giant businesses and accounting firms to fold, because of falsified or incorrect information given out about the companies in which the money was invested. The Enron scandal is perhaps the most recent and glaring example of unethical accounting causing widespread negative effects, including the loss of billion in shareholder assets, the closure of the Arthur Anderson auditing firm, and the subsequent loss of 85000 jobs when the unethical practices were reported and the company dissolved.

Ethical accounting is not only important to private businesses or individuals for reliable information about their respective financial states, but has a responsibility to the public to provide transparent evaluations of publicly held business entities. Ethical accounting can help eliminate the serious problems raised when incomplete or incorrect information about business or individual is disseminated, saving money and jobs and helping to increase stability in financial markets.

Accounting Ethics - The Importance of Ethical Practices in Business and Personal Finance
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Tim Hald is a http://www.cpa-austintexas.com/ He has provided accounting, business advisory and tax services to business entities and individuals for 28 years and is passionate about his business, his relationships with his clients and the service he provides as a certified CPA. Whether you have problems with the IRS, personal or business tax issues, or simply need help planning the next financial move for your business, Tim Hald can help. Please visit his website at http://www.cpa-austintexas.com/

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