![[Valid RSS]](images/valid-rss-rogers.png "Valid RSS")
This is a valid RSS feed.
This feed is valid, but interoperability with the widest range of feed readers could be improved by implementing the following recommendations.
<title></title>
^
<title></title>
^
<p style="text-align: justify;">To better narrow down your investment choice ...
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title></title> <atom:link href="https://businessprofitblog.com/feed/" rel="self" type="application/rss+xml" /> <link>https://businessprofitblog.com</link> <description></description> <lastBuildDate>Sat, 29 Mar 2025 05:53:10 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.6.2</generator> <image> <url>https://businessprofitblog.com/wp-content/uploads/2025/04/cropped-businessprofitblog-1-32x32.jpg</url> <title></title> <link>https://businessprofitblog.com</link> <width>32</width> <height>32</height></image> <item> <title>When and how to start investing</title> <link>https://businessprofitblog.com/when-and-how-to-start-investing/</link> <comments>https://businessprofitblog.com/when-and-how-to-start-investing/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Mon, 20 Jan 2025 05:47:41 +0000</pubDate> <category><![CDATA[Investment]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=136</guid> <description><![CDATA[<p>52 ViewsIf you’re wondering when you should start investing, the answer is: as soon as...</p><p>The post <a href="https://businessprofitblog.com/when-and-how-to-start-investing/" target="_blank">When and how to start investing</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 52</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">If you’re wondering when you should <span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/">start investing</a></strong></span>, the answer is: as soon as possible. Time is your best friend when it comes to growing your money and achieving your goals. The sooner you start investing, the more time you’ll have to build up capital and enjoy compound returns (by constantly reinvesting your investment income). The longer you stay invested, the easier it will be to ride out short-term market downturns. Generally, you’ll want to invest your money for as long as possible, meaning you won’t have to use it in the meantime.</p><p style="text-align: justify;">To help you stay invested longer, it’s essential to have an emergency fund (most financial experts recommend setting aside three to six months’ worth of expenses). That way, if you lose your job or have an unexpected expense, you won’t have to sell an investment while the market is down. So before you start investing seriously, make sure you have enough savings to cover your short-term needs.</p><p style="text-align: justify;">Once you have this emergency fund, you can probably start investing as soon as you have extra money that you won’t need for at least five years.</p><h2 style="text-align: justify;">How to start investing?</h2><h3 style="text-align: justify;">Step 1: Set goals</h3><p style="text-align: justify;">When it comes to money, you’ll have a hard time reaching your goal if you don’t set goals for yourself. Start with small, achievable investment goals and then move on to more ambitious goals. This way, you’ll gain confidence as you move forward.</p><h3 style="text-align: justify;">Your goals should:</h3><p style="text-align: justify;">Have a goal. You may have different reasons for wanting to build up capital—buying a car, making a down payment on a home, putting money toward your children’s education, or saving for retirement. Each of these goals may require a different strategy depending on the amount of money you need and the time you have to accumulate it.</p><p style="text-align: justify;">Be specific. A vague goal is hard to achieve. Be specific about how much you want to invest and how long you have to spend it. In other words, ask yourself how much you want to invest and when you will need to access the funds. This can influence your investment choices and the risk you can tolerate.</p><p style="text-align: justify;">Be achievable. If you miss your goals often, you may become discouraged. So set smaller goals that you can achieve. Give yourself every chance of success.</p><h3 style="text-align: justify;">Step 2: Choose your investments</h3><p style="text-align: justify;">The type of investment – “asset,” “security,” or “product” – you choose should match your goals, investment time horizon, and risk tolerance.</p><p style="text-align: justify;">Many types of investments – stocks, bonds, ETFs, mutual funds, etc. – carry some risk, especially in the short term. However, the longer your investment time horizon, the more time you will have to recover from downward fluctuations in your assets.</p><p style="text-align: justify;">For example, if you’re 35 and want to save for retirement, you have a long-term investment horizon. If you decide to invest in stocks, which are generally riskier than other common investments, you’ll have time to ride out the stock market’s dips. Conversely, if you’re investing to buy a home in a year or two, it might be wise to avoid riskier investments. That’s because if the value of your investment drops just when you need to cash it out, you’ll have less money than you expected when you need it.</p><p style="text-align: justify;">To better narrow down your investment choices, you’ll also need to do some research. Qtrade investors have access to a wealth of resources to find and evaluate investments, from screening tools and technical research to analytical reports and company performance indicators. In addition, Qtrade Direct Investing<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> provides portfolio analysis tools that will help you build your investment portfolio, test investment scenarios and assess the health of your portfolio in several important areas.</p><h3 style="text-align: justify;">Step 3: Make it easy to achieve your goals</h3><p style="text-align: justify;">Often, people delay investing because they mistakenly believe that they need to invest a large amount. In fact, most investment accounts don’t require a minimum investment. Plus, there are several ways to increase your investment amount. You start small – and you’ll gradually get closer to your financial goals.</p><p style="text-align: justify;">Automatic contributions/deposits. In most cases, you can schedule an automatic transfer (weekly, bi-weekly, monthly, etc.) of a specific amount from your checking account to your investment account. You could schedule this transfer to coincide with your payday, so you don’t have to think about it. You’ll build up cash in your investment account and have it available to purchase an investment at the right time.</p><p style="text-align: justify;">You can also make automatic contributions to Qtrade Companion Portfolios , an online service that helps you invest according to your financial goals. Every time money is deposited into your account, it is automatically invested in your portfolio.</p><p style="text-align: justify;">Systematic contributions to a mutual fund. Some investment products, such as mutual funds, offer you the option to automatically purchase shares with each regularly scheduled automated transfer.</p><p style="text-align: justify;">Dividend Reinvestment Plans. These programs allow you to automatically reinvest cash dividends from your investments to purchase additional shares. This way, you benefit from compound returns over time and accumulate more shares.</p><p style="text-align: justify;">Thanks to new investment products and advances in technology, it’s easier than ever to start investing—in a way that fits your goals, risk tolerance, and time commitment. You don’t need a lot of money to get started. If you’re new to investing, you may want to start small while you learn and gain confidence.</p><p>The post <a href="https://businessprofitblog.com/when-and-how-to-start-investing/" target="_blank">When and how to start investing</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/when-and-how-to-start-investing/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>When and how much to invest?</title> <link>https://businessprofitblog.com/when-and-how-much-to-invest/</link> <comments>https://businessprofitblog.com/when-and-how-much-to-invest/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Sun, 29 Dec 2024 05:36:34 +0000</pubDate> <category><![CDATA[Investment]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=129</guid> <description><![CDATA[<p>51 ViewsAfter introducing some key concepts to understand the world of investment and now that...</p><p>The post <a href="https://businessprofitblog.com/when-and-how-much-to-invest/" target="_blank">When and how much to invest?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 51</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">After introducing some key concepts to understand the world of investment and now that you have understood why it is essential to invest, let’s discuss the how and why. So in this chapter we will see when it is <span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/">best to invest</a> </strong></span>and what amount is recommended.</p><h2 style="text-align: justify;">When is the “perfect time” to invest?</h2><p style="text-align: justify;">Waiting for the perfect moment to invest is therefore never a good idea since financial markets are unpredictable. Why? In particular because they are dependent on unpredictable external events (geopolitical context, natural disasters, etc.). To find out more, you can read our article Financial markets are unpredictable and that’s okay .</p><h3 style="text-align: justify;">Consider Charlie and Max, two fictitious investors.</h3><p style="text-align: justify;">Every year, Charlie invests $10,000 at the perfect time, the market’s lowest point, while Max invests the same amount at the worst time, the market’s highest point.</p><p style="text-align: justify;">After 42 years of investing every year, the two friends’ results are surprisingly similar. How is this possible? They never sold their stocks, letting time and compound interest work in their favor.</p><p style="text-align: justify;">This example allows us to draw a first lesson: the patience and perseverance of an investor pays off. The best practice is to invest regularly and let your investments grow over the long term . Indeed, even experts have a lot of trouble “timing” the market, that is, investing only when conditions seem perfect.</p><p style="text-align: justify;">This famous “timing” is actually not so important when investing in the long term for several reasons.</p><h3 style="text-align: justify;">Long time never wastes</h3><p style="text-align: justify;">Historically, despite crises and declines, stock markets tend to rise. Investing regularly allows you to benefit from this growth. The curve of the MSCI World (the most popular ETF) illustrates this perfectly.</p><h3 style="text-align: justify;">Circled in red, the previous 2-year graph</h3><p style="text-align: justify;">Over a period of 3 decades, a decline over a year or two is completely insignificant . And this is confirmed for all financial products.</p><h3 style="text-align: justify;">The role of compound interest</h3><p style="text-align: justify;">The famous compound interest allows your investments to grow. The gains generated themselves create new gains, over the long term we speak of a snowball effect because their impact is exponential.</p><h3 style="text-align: justify;">Less stress and therefore fewer errors</h3><p style="text-align: justify;">Trying to guess the best time to invest can lead to emotional reactions, costly mistakes, and a lot of stress. Investing regularly and holding your positions even when there are big fluctuations reduces this risk.</p><p style="text-align: justify;"> In practice: It is recommended to establish an automatic investment plan. For example, each month, invest a fixed amount, regardless of the state of the market. This method, called ” dollar-cost averaging ” (or “DCA” ), allows you to buy more shares when prices are low and less when they are high.</p><h3 style="text-align: justify;">The best time? Now.</h3><p style="text-align: justify;">So there is no need to wait for the perfect moment to invest, because that moment does not exist. Starting now, investing regularly and letting time work in your favor is the best strategy. With a patient and disciplined approach, the market can become a powerful ally in achieving your financial goals.</p><h3 style="text-align: justify;">To go further, consult the article Your retirement, a question of timing</h3><p style="text-align: justify;">We have insisted on the fact that there is no best time to invest based on the study of financial markets. However, personally, there are two times when investing is always a good idea: at 18 and now! Why?</p><p style="text-align: justify;">As soon as you are legally able to do so, which is at 18 today in France, even if it involves small investments, starting to invest is a good practice. Imagine that you invest €100 per month from the age of 18, with an average annual return of 7%. By the age of 65, you could have accumulated nearly €300,000 (thanks to our famous compound interest).</p><p style="text-align: justify;">If, like the majority of our readers, you are over 18, there is a second best time to invest and that is now . Indeed, it is never too late to start!</p><p style="text-align: justify;">Finally, the biggest risk is procrastination. Delaying your entry into the wonderful world of investing means missing out on opportunities. For example, if you had invested €10,000 10 years ago in an index fund, your investment could be worth more than double today! So here we go, let’s go and continue reading the rest of the chapter carefully, to find out how much to invest.</p><h3 style="text-align: justify;"> Glossary: Index fund and index</h3><p style="text-align: justify;">An index fund is an investment fund that seeks to replicate, as far as possible, the performance of a specific stock market index, such as the CAC 40 or the S&P 500.</p><p style="text-align: justify;">An index is defined by a series of more or less objective rules that allow a series of investments to be selected and a weight to be assigned to each within the index. If the investments are in shares then we are talking about stock indices.</p><h3 style="text-align: justify;">Determining how much to invest</h3><p style="text-align: justify;">Everyone has their own pace, the important thing is to find the one that suits us. And no, this is not the slogan of a dating app, we are still on the subject of investment.</p><p style="text-align: justify;">The first thing to do is to lay out your profile and your situation to know how much it is realistic to invest in your case. Your situation can obviously change and the amount available to invest as well. Let’s look in more detail at the parameters that come into play.</p><p>The post <a href="https://businessprofitblog.com/when-and-how-much-to-invest/" target="_blank">When and how much to invest?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/when-and-how-much-to-invest/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Reconciliation of adjusted costs and accounting</title> <link>https://businessprofitblog.com/reconciliation-of-adjusted-costs-and-accounting/</link> <comments>https://businessprofitblog.com/reconciliation-of-adjusted-costs-and-accounting/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 24 Dec 2024 05:42:16 +0000</pubDate> <category><![CDATA[Finance]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=133</guid> <description><![CDATA[<p>45 ViewsWhen you post inventory transactions, such as sales shipments, purchase invoices, or inventory adjustments,...</p><p>The post <a href="https://businessprofitblog.com/reconciliation-of-adjusted-costs-and-accounting/" target="_blank">Reconciliation of adjusted costs and accounting</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 45</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">When you post inventory transactions, such as sales shipments, purchase invoices, or inventory adjustments, the changed item costs are recorded in the value entries. To reflect this change in inventory value in your financial statements, the adjusted costs must also be posted to the associated inventory accounts in the general ledger, such as the inventory account, the adjustment account, and the inventory posting account in the general ledger.</p><p style="text-align: justify;">Unless you have selected the Automatic <span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/">Cost Accounting</a></strong></span> check box in the Inventory Settings window , adjusted costs are not dynamically posted to the general ledger. Also, the inventory issue value is not calculated in relation to a sale. Therefore, you must manually post to the general ledger by running the Post Inventory Cost to General Ledger batch job to update the general ledger entries and optionally print a report of posted value entries.</p><h3 style="text-align: justify;"> Important</h3><p style="text-align: justify;">Before you use this batch job, you must run the Adjust Costs: Item Entries batch job . This ensures that when you run this batch job, the costs posted to accounting are up to date. This is a cost adjustment.</p><h3 style="text-align: justify;">To validate manually adjusted costs</h3><p style="text-align: justify;">Post adjusted costs to the general ledger manually by running the batch process. When you run the batch process, accounting entries are created based on value entries. To calculate the value to post, it uses the difference between the Total Cost (Actual) and Cost Posted to General Ledger fields in the value entries. If you selected the Post Expected Cost to General Ledger check box on the Inventory Setup page , the batch process also posts the difference between the Total Cost (Expected) and Expected Cost Posted to General Ledger fields to the suspense accounts in the general ledger. You can post the entries so that they are summarized by posting group.</p><h3 style="text-align: justify;">Option Designation</h3><p style="text-align: justify;">Accounting method Batch processing can post the inventory value to accounting by posting group or by posted entry. If you post by entry, you get a detailed specification of the influence of inventory on accounting, but you also get many entries. If you post by posting group, batch processing creates one accounting entry per posting date per combination of posting groups. This means that one accounting entry is created for each combination of posting dates, market posting groups, product posting groups, inventory posting groups, and warehouse codes. In addition, batch processing creates separate accounting entries for costs with a different sign.</p><p style="text-align: justify;">Document number In this field, you can enter a document number if you have chosen the Validation By stock accounting group option . The document number is displayed on validated entries.</p><p style="text-align: justify;">Select this field if you want the batch process to validate in accounting automatically. If you choose not to validate the costs in accounting, the batch process will only perform a test print showing the values that can be validated in accounting and the status will indicate: Test print (not validated) .</p><p style="text-align: justify;">When you run this batch job, you might encounter errors related to missing configuration or incompatible dimension configuration. If the batch job finds errors in the dimension configuration, it ignores them and uses the dimensions from the value entry. For any other errors, the batch job skips posting the value entries and lists them at the end of the report in the section titled “Skip Entries.” To post these entries, you must correct the errors. For example, if you did not select the Post Expected Cost to Ledger check box in the Inventory Setup window , the last section of the report lists the value entries that are ignored because they represent expected costs.</p><p style="text-align: justify;">To view the list of errors before running the validation batch job, you can generate the Validate Adjusted Costs – Test report . The test printout lists all errors detected during the validation test. You can then correct the errors and run the Validate Adjusted Costs batch job without skipping any entries.</p><p style="text-align: justify;">If you simply want to preview the values that could be posted to the general ledger without actually performing the posting, you can run the Post Adjusted Costs batch jobTo do this, clear the Post field on the selection page. This way, when you run the batch job, the report is produced showing the values that are ready for posting to the general ledger, but they are not posted.</p><p>The post <a href="https://businessprofitblog.com/reconciliation-of-adjusted-costs-and-accounting/" target="_blank">Reconciliation of adjusted costs and accounting</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/reconciliation-of-adjusted-costs-and-accounting/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Privacy Law Attorney</title> <link>https://businessprofitblog.com/privacy-law-attorney/</link> <comments>https://businessprofitblog.com/privacy-law-attorney/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Mon, 16 Dec 2024 05:32:19 +0000</pubDate> <category><![CDATA[Law]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=126</guid> <description><![CDATA[<p>48 ViewsIn our increasingly connected society, privacy is a major issue for individuals and businesses....</p><p>The post <a href="https://businessprofitblog.com/privacy-law-attorney/" target="_blank">Privacy Law Attorney</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 48</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">In our increasingly connected society, privacy is a major issue for individuals and businesses. Personal information is often exposed, and can be used for malicious purposes .</p><p style="text-align: justify;">Faced with these challenges, our<span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/"> privacy law firm</a> </strong></span>is here to advise, assist and defend you, to uphold your right to live peacefully.</p><h3 style="text-align: justify;">In-depth expertise in privacy law</h3><p style="text-align: justify;">The firm offers you tailor-made support in the event of an invasion of privacy and family life. The firm has in-depth expertise in privacy law, including image rights , and covering a wide range of areas, such as:</p><h3 style="text-align: justify;">Breaches of privacy, the Internet and social networks</h3><p style="text-align: justify;">The firm assists you in the event of an invasion of your privacy online, in the event of unauthorized publication of your personal information, cyber-harassment, or identity theft.</p><h3 style="text-align: justify;">Removal of illegal content</h3><p style="text-align: justify;">We also intervene to stop reputational damage, for example by obtaining the removal of defamatory or offensive content. If information or images that infringe on your privacy are published online, we intervene to request their removal from hosts and search engines, and we initiate legal proceedings if necessary.</p><h3 style="text-align: justify;">Right to delisting</h3><p style="text-align: justify;">The law firm also supports its clients in protecting their online reputation, helping them request the delisting of harmful or obsolete content on search engines and exercising their right to be forgotten.</p><h3 style="text-align: justify;">Litigation regarding the liability of the publisher and the host</h3><p style="text-align: justify;">In the event of refusal, deletion of content or delisting, the firm takes legal action. This involves taking legal action against site publishers or hosts who refuse to remove illegal or harmful content . This includes legal action to obtain the deletion of content, cessation of broadcasting, as well as damages.</p><h3 style="text-align: justify;">Online harassment and defamation, slander</h3><p style="text-align: justify;">We help you identify those who are cyberbullying or defaming you and take appropriate steps to stop the behavior, including taking legal action. If you are the victim of slander, our lawyers will step in to restore your reputation and obtain damages if necessary.</p><h3 style="text-align: justify;">Cybercrime</h3><p style="text-align: justify;">We are also competent in cybercrime, and we will assist you in the event of hacking, online fraud or any other crime committed on the Internet.</p><h3 style="text-align: justify;">Abusive video surveillance</h3><p style="text-align: justify;">If you are filmed without your consent or if images of you are misused, our lawyers will help you assert your rights.</p><h3 style="text-align: justify;">Right to image</h3><p style="text-align: justify;">The firm advises and defends you in the event of unauthorized use of your image , photos or videos concerning you. This also includes cases of publication of images without consent, misappropriation of image and attack on your dignity or reputation, regardless of the medium (newspapers, FB, YouTube, etc.)</p><h3 style="text-align: justify;">Why choose our law firm?</h3><p style="text-align: justify;">Our law firm is recognized for its expertise in privacy law, and its ability to offer a personalized service tailored to each client.</p><h3 style="text-align: justify;">Personalized support tailored to your needs;</h3><p style="text-align: justify;">Please do not hesitate to contact us to learn more about our services and obtain an initial consultation without obligation. Our team is at your disposal to assist you in all legal aspects related to your disputes.</p><p>The post <a href="https://businessprofitblog.com/privacy-law-attorney/" target="_blank">Privacy Law Attorney</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/privacy-law-attorney/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>THE IMAGE RIGHTS LAWYER.</title> <link>https://businessprofitblog.com/the-image-rights-lawyer/</link> <comments>https://businessprofitblog.com/the-image-rights-lawyer/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Thu, 21 Nov 2024 05:26:17 +0000</pubDate> <category><![CDATA[Law]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=123</guid> <description><![CDATA[<p>48 ViewsThe client of the lawyer practicing image rights can be a celebrity or a...</p><p>The post <a href="https://businessprofitblog.com/the-image-rights-lawyer/" target="_blank">THE IMAGE RIGHTS LAWYER.</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 48</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;"><span style="color: #ff0000;"><a style="color: #ff0000;" href="https://businessprofitblog.com/"><strong>The client of the lawyer</strong></a></span> practicing image rights can be a celebrity or a complete stranger since everyone has an exclusive right to their image. However, depending on the profile of the victim, the assessment of damages may vary and the lawyer will have to take this into account.</p><h3 style="text-align: justify;">The profile of the victim of an attack on image</h3><p style="text-align: justify;">The client of the image rights lawyer can be a media personality or a complete stranger. The courts regularly state that any person ” has an exclusive right over his image, an attribute of his personality, and over the use made of it, which allows him to oppose its dissemination without his authorization .”</p><p style="text-align: justify;">The image rights lawyer knows, however, that the difference in treatment is significant in the assessment of the damage and therefore the amount of damages. Thus, the ordinary person, who has never displayed his image in any publication, will be able to demonstrate greater damage than a regular media personality who has himself traded in his image in the past. And the professional model, who makes a living from the sale of his image, will be able to demonstrate real financial damage, quantified, for the harm caused to him by unauthorized exploitation.</p><h3 style="text-align: justify;">Choosing the right legal basis</h3><p style="text-align: justify;">Contrary to a widespread idea, even sometimes among lawyers, the right to one’s image is not part of intellectual property law. For example, a model has no right to claim royalties (proportional remuneration) on the sale of photographs of her image if this has not been provided for contractually.</p><p style="text-align: justify;">If the photographer can claim copyright on his photographs, the subject of these photographs only has a right to the image. Thus, the lawyer will not invoke the provisions of the Intellectual Property Code to defend the victim of an attack on his image but only those of the Civil Code or the Penal Code.</p><p style="text-align: justify;">Similarly, the right to one’s image is not part of press law in the strict sense and is therefore not governed by the law of 29 July 1881 on freedom of expression. Violations of one’s image therefore do not follow the very strict regime established by this law for press offences such as defamation and insults. However, an image may be considered defamatory or insulting if it harms the honour or reputation of the subject, for example through editing. In this very specific case, the lawyer must act exclusively according to the rules of press law, therefore in particular within three months of publication.</p><p style="text-align: justify;">Finally, the right to one’s image is not the same as the right to privacy. Even if judges base the protection of the right to one’s image on Article 9 of the Civil Code, this is a different infringement that may be foreign to any notion of privacy.</p><h3 style="text-align: justify;">The offence of illegal capture of an image</h3><p style="text-align: justify;">The image rights lawyer will be a criminal lawyer if necessary in the most serious cases when it involves an illicit capture of the image which, this time, infringes on privacy. Article 226-1 of the Penal Code provides that ” The act, by any means whatsoever, of voluntarily infringing on the privacy of the private life of another (…) by fixing, recording or transmitting, without the consent of the latter, the image of a person in a private place is punishable by one year of imprisonment and a fine of 45,000 euros”.</p><p style="text-align: justify;">For example, we remember the complaint filed by Prince William and his wife Kate Middleton following the publication in the pages of the magazine “Closer” of nude photographs of the princess on her balcony.</p><p style="text-align: justify;">The image rights lawyer must therefore choose the right legal basis and take into consideration the profile of his client in order to defend him as best as possible.</p><p>The post <a href="https://businessprofitblog.com/the-image-rights-lawyer/" target="_blank">THE IMAGE RIGHTS LAWYER.</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/the-image-rights-lawyer/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>5 Cost Analysis Strategies to Optimize Your Budget</title> <link>https://businessprofitblog.com/5-cost-analysis-strategies-to-optimize-your-budget/</link> <comments>https://businessprofitblog.com/5-cost-analysis-strategies-to-optimize-your-budget/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 08 Oct 2024 10:41:01 +0000</pubDate> <category><![CDATA[Business]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=119</guid> <description><![CDATA[<p>54 ViewsCost analysis plays a vital role in the strategic management of a business. It...</p><p>The post <a href="https://businessprofitblog.com/5-cost-analysis-strategies-to-optimize-your-budget/" target="_blank">5 Cost Analysis Strategies to Optimize Your Budget</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 54</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">Cost analysis plays a vital role in the<span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/"> strategic management of a business</a></strong></span>. It helps assess and understand the various costs associated with the business’s activities, whether direct or indirect. By identifying the most significant expenses and areas where savings can be made, cost analysis helps make informed decisions to optimize the budget.</p><h3 style="text-align: justify;">Definition of cost analysis</h3><p style="text-align: justify;">Cost analysis is the process of evaluating and examining the costs incurred by a business for its operations. It involves identifying, measuring, and analyzing the costs associated with each activity, in order to understand how these costs affect the profitability of the business. Through this in-depth evaluation, it is possible to make informed decisions to improve the efficiency and profitability of the business.</p><p style="text-align: justify;">Cost analysis can be applied to different areas of the company, such as purchasing, production, sales, customer service, etc. It contributes to a better understanding of costs, identifying the sources of the highest expenses and savings opportunities. By using suitable analysis tools, it is possible to highlight fixed and variable costs, direct and indirect costs, as well as costs related to specific activities.</p><h3 style="text-align: justify;">Importance of budget optimization in a company</h3><p style="text-align: justify;">Optimizing the budget is essential to ensure the financial stability and growth of a company . A thorough cost analysis helps identify areas where the company can achieve significant savings. This may include optimizing purchasing expenses, reducing production costs, improving operational efficiency, etc.</p><p style="text-align: justify;">Budget optimization also helps maximize added value for customers. By reducing costs, a company can offer competitive prices and provide better quality of service to its customers. This strengthens the relationship with existing customers and can attract new customers.</p><p style="text-align: justify;">At AWS , budget optimization is of paramount importance. AWS offers pricing based on actual resource usage, allowing businesses to pay only for what they need. With services like EC2 instantiation, S3 storage, serverless, and more, businesses can scale their resource usage based on their needs. Additionally, AWS offers discount mechanisms like Reserved Instances and On-Demand Instances to reduce costs in the long run.</p><p style="text-align: justify;">Using AWS tools and features, businesses have the ability to monitor and control their spending accurately. Budgets and overspend notifications help businesses stay informed about their spending and take quick action if needed. Cost analysis reports provide detailed insights into spending, resources used, and ways to further optimize the budget.</p><p style="text-align: justify;">In conclusion, a thorough cost analysis and budget optimization are key elements to ensure the financial performance and growth of a company. At AWS, many tools and mechanisms are available to help companies manage and control their expenses, allowing them to make informed decisions for the optimization of their budget.</p><h3 style="text-align: justify;">cost method</h3><p style="text-align: justify;">Full costing is an approach used in finance and accounting to assess the total cost of producing a product or service. This method takes into account all costs incurred in the production process, whether direct or indirect. It provides a global view of production-related expenses and allows you to make informed cost management decisions.</p><h3 style="text-align: justify;">Explanation of the full cost method</h3><p style="text-align: justify;">Full costing takes into account all elements related to the production of a product or service. This includes direct costs, such as raw materials and direct labor, but also indirect costs, such as manufacturing overhead and costs related to administration and selling.</p><p style="text-align: justify;">The aim of this approach is to fairly distribute all costs incurred in the production process across the finished products. This allows for the calculation of an accurate unit cost for each product, taking into account all associated expenses.</p><h3 style="text-align: justify;">Advantages and disadvantages of this approach</h3><p style="text-align: justify;">The full costing method has several advantages. First, it provides a clear and precise view of the costs associated with production. This facilitates decision-making in terms of pricing, choice of products or services to develop, and resource management.</p><p style="text-align: justify;">In addition, this approach allows to calculate the real cost of each product, taking into account both direct and indirect costs. This helps to avoid distortions in cost assessment and to have a reliable overview of the company’s profitability.</p><p style="text-align: justify;">However, the full cost method also has some drawbacks. It is very detailed and may require significant data collection and analysis. Additionally, this approach relies on assumptions and estimates to allocate indirect costs, which can lead to some subjectivity.</p><p style="text-align: justify;">In conclusion, the full costing method is a comprehensive and detailed approach to assessing production costs. It provides a clear view of production-related expenses, but can also be complex to implement. It is therefore important to understand its advantages and disadvantages before applying it in a company.</p><p>The post <a href="https://businessprofitblog.com/5-cost-analysis-strategies-to-optimize-your-budget/" target="_blank">5 Cost Analysis Strategies to Optimize Your Budget</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/5-cost-analysis-strategies-to-optimize-your-budget/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to adopt digital marketing for healthcare professionals?</title> <link>https://businessprofitblog.com/how-to-adopt-digital-marketing-for-healthcare-professionals/</link> <comments>https://businessprofitblog.com/how-to-adopt-digital-marketing-for-healthcare-professionals/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 25 Sep 2024 10:32:46 +0000</pubDate> <category><![CDATA[Digital marketing]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=116</guid> <description><![CDATA[<p>34 ViewsIt’s the modern era, which means that everything has been digitized. There are billions...</p><p>The post <a href="https://businessprofitblog.com/how-to-adopt-digital-marketing-for-healthcare-professionals/" target="_blank">How to adopt digital marketing for healthcare professionals?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 34</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">It’s the modern era, which means that everything has been digitized. There are billions of internet users in the world and everyone owns a mobile phone. Therefore, every business and organization needs to understand the importance of <span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/">digital marketing</a></strong></span>, even those in the medical field. Many healthcare professionals have been slow to understand the many benefits of digitizing their practices. The primary benefit of digital marketing for healthcare professionals is that it allows them to interact with their patients in a simpler and more accessible way.</p><h3 style="text-align: justify;">Embracing Digital Marketing for Healthcare Professionals</h3><p style="text-align: justify;">Educating current and potential patients and providing them with quality health information will build trust in their minds and improve your image. Good healthcare management should mean that the patient does not have to travel all the way to your medical facility just to get information from you. If you want to attract more patients and grow your medical practice, having a digital presence is essential.</p><p style="text-align: justify;">Take note of the following healthcare marketing statistics. A 2020 study found that about 80% of internet users search online for answers to their medical problems.</p><h3 style="text-align: justify;">What is digital marketing?</h3><p style="text-align: justify;">A digital marketing strategy connects people through digital methods. There are many tools and techniques available, such as content marketing, social media marketing, and advertising. As a doctor, you can improve your reputation and attract new patients by publishing your up-to-date treatments, medical research findings in your field, and reviews from past patients. The steps below will guide you through what needs to be done to build your digital marketing for healthcare professionals presence.</p><p style="text-align: justify;">Good reviews for your healthcare services are crucial. Potential patients rely on online reviews such as Google Business before contacting a doctor. Be careful not to receive negative reviews, and if you do, investigate whether the review is justified. No matter what, don’t leave the bad review there – respond and take the conversation to a private email and/or phone call.</p><h3>Create your website</h3><p style="text-align: justify;"> This is your first step – your website serves as a platform through which you can operate. Without a responsive (mobile-friendly) website , you cannot provide online access to your digital medical services. Your site will consist of pages that provide essential information about your practice. Keep in mind that people are increasingly turning to online treatment research instead of going directly to doctors.</p><p style="text-align: justify;">Getting leads from your website means attracting an audience while competing with others. Make your web pages interesting by adding, for example, DNA designs, sample slides, before and after photos, and anything else that will catch the attention of a potential patient.</p><p style="text-align: justify;">Make your website unique and attractive. Many people search on their mobile devices, so make sure your website is mobile-friendly.</p><h3>Adopt digital appointment booking</h3><p style="text-align: justify;">You can better organize your appointments thanks to digitalization.</p><p style="text-align: justify;">Allow your patients to book their appointments through your website by developing a doctor appointment booking solution.</p><p style="text-align: justify;">Today there are different platforms allowing you to make appointments online such as Doctolib.</p><h3> Create a blog</h3><p style="text-align: justify;">I know, I’m insisting, but a blog is where you will regularly publish medical content related to your practice. Your health content must incorporate SEO strategies.</p><p style="text-align: justify;">This means incorporating words and terms that your potential patients will search for to increase the likelihood that they will click through to your site. Also, be aware that long-form blog posts generate significantly more leads than short blog posts.</p><p style="text-align: justify;">Your goal should be to get your website listed in the top ten search results of Google. Content marketing gets three times more leads.</p><p>The post <a href="https://businessprofitblog.com/how-to-adopt-digital-marketing-for-healthcare-professionals/" target="_blank">How to adopt digital marketing for healthcare professionals?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/how-to-adopt-digital-marketing-for-healthcare-professionals/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Ledger: Ledger Logic: The Key to Understanding Validation Dynamics</title> <link>https://businessprofitblog.com/ledger-ledger-logic-the-key-to-understanding-validation-dynamics/</link> <comments>https://businessprofitblog.com/ledger-ledger-logic-the-key-to-understanding-validation-dynamics/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 18 Sep 2024 10:12:10 +0000</pubDate> <category><![CDATA[Business]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=113</guid> <description><![CDATA[<p>43 ViewsGeneral ledger logic is the backbone of accounting systems, providing a structured approach to...</p><p>The post <a href="https://businessprofitblog.com/ledger-ledger-logic-the-key-to-understanding-validation-dynamics/" target="_blank">Ledger: Ledger Logic: The Key to Understanding Validation Dynamics</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 43</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;"><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://businessprofitblog.com/">General ledger log</a>ic</strong> </span>is the backbone of accounting systems, providing a structured approach to recording financial transactions. It is a set of principles and procedures that ensure the accuracy and consistency of financial data. General ledger logic is not just about debits and credits; it is a comprehensive framework that encompasses the classification, recording, and summarization of financial information. It is the language through which a business communicates its financial health and operational efficiency . By understanding general ledger logic, one can better understand the financial pulse of an organization, discerning patterns and trends that inform strategic decision-making .</p><ol style="text-align: justify;"><li>Double-entry system : At the heart of general ledger logic is the double-entry system, a methodical approach in which every financial transaction results in equal and opposite effects in at least two different accounts. For example, when a company sells goods for cash, it records an increase in its Cash account (debit) and an increase in its Sales account (credit).</li><li>Types of Accounts : General ledger logic classifies accounts into five types: assets, liabilities, equity, revenue, and expenses. This categorization helps organize financial data and prepare financial statements . For example, purchasing equipment increases assets while simultaneously increasing liabilities if it is financed through a loan.</li><li>Posting and Balancing : Transactions are first recorded in journals and then posted to the ledgers, where they are balanced. Balancing ensures that for each transaction, the sum of debits equals the sum of credits. A balanced ledger is a sign of a well-maintained accounting system.</li><li>Trial Balance : After posting the transactions in the ledger , a trial balance is prepared to test the arithmetical accuracy of the books. It lists all the ledger accounts and their balances at a particular point in time. Discrepancies in the trial balance may indicate errors in the ledger entries .</li><li>Adjusting Entries : General ledger logic also involves making necessary adjustments to account balances at the end of an accounting period. These adjustments ensure that revenues and expenses are recognized in the period in which they occur, in accordance with accrual accounting.</li><li>Financial Statements : The ultimate goal of general ledger logic is to facilitate the preparation of financial statements . These statements, including the balance sheet, income statement, and cash flow statement , provide an overview of the financial position and performance of the company .</li></ol><p style="text-align: justify;">For example, consider a business that receives a utility bill. The bill is not paid immediately, but the expense must still be recognized. An adjusting entry would debit the utilities expense account and credit the accounts payable account. This entry ensures that the expense is recognized in the correct period and that the liability is recorded.</p><p style="text-align: justify;">Ledger logic is a critical part of financial management . It ensures that every transaction is recorded systematically and accurately, providing a clear picture of a company’s financial activities . Mastering ledger logic is essential for anyone looking to understand or manage the financial dynamics of a company. It’s not just about tallying points; it’s about telling a story, the story of a company’s financial journey .</p><p>The post <a href="https://businessprofitblog.com/ledger-ledger-logic-the-key-to-understanding-validation-dynamics/" target="_blank">Ledger: Ledger Logic: The Key to Understanding Validation Dynamics</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/ledger-ledger-logic-the-key-to-understanding-validation-dynamics/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>DIGITAL MARKETING FOR FUNCTIONAL MEDICINE</title> <link>https://businessprofitblog.com/digital-marketing-for-functional-medicine/</link> <comments>https://businessprofitblog.com/digital-marketing-for-functional-medicine/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 21 Aug 2024 10:07:19 +0000</pubDate> <category><![CDATA[Digital marketing]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=110</guid> <description><![CDATA[<p>37 ViewsDigital marketing has become an essential tool for healthcare professionals looking to develop their...</p><p>The post <a href="https://businessprofitblog.com/digital-marketing-for-functional-medicine/" target="_blank">DIGITAL MARKETING FOR FUNCTIONAL MEDICINE</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 37</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;"><span style="color: #ff0000;"><a style="color: #ff0000;" href="https://businessprofitblog.com/"><strong>Digital marketing</strong></a></span> has become an essential tool for healthcare professionals looking to develop their online practice. In the United States, functional medicine has been booming for several years. It has developed thanks to influential figures such as Dr. Mark Hyman, Dr. Frank Lipman, and Dr. Andrew Weil, who have popularized these approaches . These doctors use powerful communication to educate their audience on the importance of a global approach to health (nutrition, stress management, physical activity, preventive medicine) while promoting their services, programs, or products. In France, this evolution is still emerging. The market remains attached to the foundations of conventional medicine, but mentalities are changing. Online searches on topics such as mental health, nutrition, and well-being are experiencing strong growth.</p><p style="text-align: justify;">If you are a functional medicine practitioner, have you thought about how to effectively promote your practice online? Digital marketing is now an essential lever to gain visibility and reach an audience in demand for quality information. However, between consultations and managing your practice, it can be difficult to find the time or know where to start.</p><p style="text-align: justify;">As a virtual assistant specializing in wellness and health, I support you in developing your online presence. My goal: to help you reach your audience while simplifying your daily life. If you are hesitant about how to approach digital marketing, here are 5 simple and effective ways to promote your functional medicine practice.</p><h3 style="text-align: justify;">GENERAL DEFINITION OF DIGITAL MARKETING</h3><p style="text-align: justify;">Digital marketing is the set of techniques used to promote products and services through online channels. This includes content creation (articles, videos, infographics), use of social networks (Facebook, Instagram, LinkedIn, etc.), natural referencing ( SEO , to appear in search engines), paid advertising campaigns (Google Ads, social networks), targeted emails (newsletters), webinars or online events, specialized platforms (YouTube, blogs, etc.). The goal of digital marketing is to reach the right audience at the right time, thanks to behavioral data and strategies adapted to each segment.</p><h3 style="text-align: justify;">DIGITAL MARKETING FOR HEALTHCARE PRACTITIONERS</h3><p style="text-align: justify;">For functional health practitioners, digital marketing focuses on education, trust, differentiation and visibility in an industry where expertise and caring approaches are key.</p><p style="text-align: justify;">Educate the public: So-called “functional” medicine is still unknown to many people. Digital marketing helps popularize these concepts through blog posts, videos, infographics, and social media. Doctors can answer questions like “How can nutrition help my condition?” or “What is a functional approach?”</p><p style="text-align: justify;">Building trust: Through patient testimonials (anonymized and with their consent), case studies, or practical advice, a doctor can demonstrate his expertise and reassure potential patients. A professional website, newsletters, and quality content strengthen this relationship.</p><p style="text-align: justify;">Differentiate yourself: In France, few doctors in this field fully use the potential of digital. This represents an opportunity for those who wish to stand out. By using the right tools, a practitioner can become a local or national reference.</p><p style="text-align: justify;">Reaching a specific audience: Patients interested in a functional approach are often active information seekers (Google, forums, social networks). An optimized online presence helps to capture them.</p><p style="text-align: justify;">Blog Banners to Promote Lead Magnet – 42 Instagram Templates for Wellness Pros</p><h3 style="text-align: justify;">HOW TO EFFECTIVELY PROMOTE YOUR MEDICAL PRACTICE OR HEALTHCARE PRACTICE?</h3><p style="text-align: justify;">The world is becoming increasingly connected. It is essential for functional medicine practitioners to have a marketing strategy in place to gain exposure and build trust with their patients. However, there are many options, and it is important not to try to implement all of them at once. Ideally, you should focus on one or two priority actions , depending on your goals and resources. In this section, we will explore 5 key ways to market your practice (from social media to PR, blogging, podcasting, and collaborations). These approaches can all be effective, but to maximize their impact, it is essential to choose one that feels natural , authentic to you, and then implement them gradually.</p><h3 style="text-align: justify;">MAXIMIZE THE IMPACT OF SOCIAL NETWORKS TO PROMOTE YOUR MEDICAL PRACTICE</h3><p style="text-align: justify;">Consumers are no longer searching solely on Google for information. Many of us are turning to sites like YouTube, Facebook, or Instagram to find information about our health. On YouTube, for example, one study found that 53% of participants viewed fitness videos, followed by 47% for mental health, 42% for wellness, and 37% for diet ( source: Le Spécialiste ). On Instagram, for example, posts related to food and nutrition account for more than one in three posts . Users also share tips and experiences on a balanced lifestyle, including physical exercise and mental well-being ( Source: Visibrain ).</p><p style="text-align: justify;">Social media now offers a great opportunity to promote your practice. You can present yourself authentically, share your values, and expose your daily life as a functional medicine practitioner. If you wish, you also have the opportunity to create a real community, which will indirectly promote the growth of your business, as well as your products and services.</p><p>The post <a href="https://businessprofitblog.com/digital-marketing-for-functional-medicine/" target="_blank">DIGITAL MARKETING FOR FUNCTIONAL MEDICINE</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/digital-marketing-for-functional-medicine/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to evaluate a fixed asset?</title> <link>https://businessprofitblog.com/how-to-evaluate-a-fixed-asset/</link> <comments>https://businessprofitblog.com/how-to-evaluate-a-fixed-asset/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Sat, 03 Aug 2024 09:58:09 +0000</pubDate> <category><![CDATA[Finance]]></category> <guid isPermaLink="false">https://businessprofitblog.com/?p=107</guid> <description><![CDATA[<p>41 ViewsFixed assets represent a special category of assets. These assets must be assessed when...</p><p>The post <a href="https://businessprofitblog.com/how-to-evaluate-a-fixed-asset/" target="_blank">How to evaluate a fixed asset?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 41</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">Fixed assets represent a special category of assets. These assets must be assessed when they become part of a company’s assets. Compta-Facile provides an answer to the question: how to assess <span style="color: #ff0000;"><a style="color: #ff0000;" href="https://businessprofitblog.com/"><strong>a fixed asset</strong> </a></span>? The assessment methods are presented according to the method of acquisition of the asset: purchased fixed asset or produced fixed asset.</p><p style="text-align: justify;">assessment-fixed-asset</p><h3 style="text-align: justify;">How to evaluate a purchased fixed asset?</h3><p style="text-align: justify;">This involves assessing a fixed asset that has been acquired for consideration by a company. In this case, it must be estimated at its acquisition cost .</p><h3 style="text-align: justify;">Assessment of the purchase price of a fixed asset</h3><p style="text-align: justify;">The purchase price takes into account, as its name suggests, the amounts paid to acquire the property in question. To these amounts must also be added the amount of non-recoverable taxes. In addition, all discounts, rebates and rebates obtained as well as early payment discounts and recoverable deductible VAT must be deducted.</p><h3 style="text-align: justify;">Assessment of incidental costs of purchasing a fixed asset</h3><p style="text-align: justify;">Incidental costs are directly attributable internal or external costs incurred to put the asset in place and in working order for its intended use . Examples of incidental costs to be included in the acquisition cost of an asset, if incurred during the period of acquisition of the asset , include :</p><p style="text-align: justify;">Customs duties</p><p style="text-align: justify;">Delivery, transport and transport insurance costs,</p><p style="text-align: justify;">Installation and assembly costs to enable the repair (labor to install the immobilizer, adjustment costs),</p><h3 style="text-align: justify;">Costs of carrying out operational tests,</h3><p style="text-align: justify;">Fees (agency, notary, etc.), commissions, deed costs and registration fees known as fixed asset acquisition costs.</p><p style="text-align: justify;">The acquisition costs of fixed assets may, at the company’s option, be left as expenses or added to the acquisition cost of the fixed asset.</p><p style="text-align: justify;">On the other hand, the following are excluded from the acquisition cost of a fixed asset :</p><p style="text-align: justify;">Preliminary study costs,</p><p style="text-align: justify;">Expenses for training employees in the use and maintenance of the fixed asset,</p><p style="text-align: justify;">Current maintenance and upkeep expenses,</p><p style="text-align: justify;">Expenses indirectly related to the acquisition (general and administrative costs).</p><p style="text-align: justify;">Note: incidental costs incurred after the acquisition period are recorded as expenses unless they meet the conditions set for capitalizing them.</p><h3 style="text-align: justify;">Assessment of financial costs of purchasing a fixed asset</h3><p style="text-align: justify;">Financial expenses are understood here in the sense of ” borrowing costs “. These are financial interests remunerating capital lent to the company to acquire a fixed asset. These expenses are similar to charges but they can, in practice, be incorporated as an option into the acquisition cost of the fixed asset concerned.</p><p style="text-align: justify;">The immobilization must require a long period of preparation or construction before it can be used,</p><p style="text-align: justify;">The costs are directly attributable to the acquisition and are incurred during the period of acquisition of the property,</p><p style="text-align: justify;">The financial charges are effective, that is to say they have actually been incurred (accrued interest not yet due is therefore excluded).</p><p style="text-align: justify;">Please note that if a company applies this solution, it must apply the same accounting treatment for all other fixed assets and also for stocks.</p><h3 style="text-align: justify;">Assessment of the costs of dismantling an asset</h3><p style="text-align: justify;">This concerns the costs of dismantling, removal and restoration. Specific and complex rules apply in this case. It is advisable to use specialist documentation and/or benefit from the support of an accountant to assess them.</p><h3 style="text-align: justify;">Special cases of purchased fixed assets</h3><p style="text-align: justify;">In certain cases, different or additional specific rules may be imposed by the texts. This is particularly the case for the assessment of real estate complexes , research and development costs , software or Internet sites , for example.</p><h3 style="text-align: justify;">How to evaluate a produced fixed asset?</h3><p style="text-align: justify;">A fixed asset that is produced by a company for its needs must be valued at its production cost .</p><p style="text-align: justify;">Production cost = acquisition cost of materials used + direct production costs + indirect costs + dismantling costs + financial costs</p><h3 style="text-align: justify;">Assessment of the acquisition cost of materials consumed</h3><p style="text-align: justify;">The acquisition cost of materials consumed is the same as that incurred for purchased fixed assets. The only difference is that it concerns the materials consumed and not the fixed asset itself since it is being manufactured. In general, the following formula is applied:</p><p style="text-align: justify;">Cost of acquisition of materials consumed = purchase price of raw materials used + directly attributable costs (incidental costs)</p><p style="text-align: justify;">Assessment of direct production costs</p><p style="text-align: justify;">Again, direct costs are expenses incurred during the production phase only and are:</p><p style="text-align: justify;">Determinable without intermediate calculation,</p><p style="text-align: justify;">Necessary for the installation of the property and its operation,</p><p style="text-align: justify;">Directly attributable to production or installation and in working order.</p><h3 style="text-align: justify;">Assessment of indirect costs</h3><p style="text-align: justify;">Indirect costs may be included in the production cost of a fixed asset if they are reasonably related to the production of the asset in question. In this case, it is necessary to base the calculation on correctly defined allocation keys or on any other appropriate element (e.g. timesheet). The following may be concerned in particular:</p><p>The post <a href="https://businessprofitblog.com/how-to-evaluate-a-fixed-asset/" target="_blank">How to evaluate a fixed asset?</a> first appeared on <a href="https://businessprofitblog.com/" target="_blank">https://businessprofitblog.com</a>.</p>]]></content:encoded> <wfw:commentRss>https://businessprofitblog.com/how-to-evaluate-a-fixed-asset/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
Download the "valid RSS" banner.
Upload the image to your own server. (This step is important. Please do not link directly to the image on this server.)
Add this HTML to your page (change the image src attribute if necessary):
If you would like to create a text link instead, here is the URL you can use:
http://www.feedvalidator.org/check.cgi?url=https%3A//businessprofitblog.com/feed/
