Learning Center
Learning Center
Welcome to the Personal Finance Lab Learning Center! You can find a selection of some of our most popular articles, or “Search” for something specific.
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GAAP – Accounting for Equity - Equity (stockholders’ equity, owners’ equity, etc.) is the claim shareholders of a company have on assets once the liabilities have been satisfied. This is basically the "net worth" of the company - with each shareholder owning a fraction of the total. Read More...
Personal Finance
Consumerism – Rights and Responsibilities - Consumers, aka every individual who participates in the economy, have a rights and responsibilities. Depending on your state and the transaction, you might have a wide range of rights or very few. Believe it or… Read More...
All About Sales Tax - “Sales Tax” is a tax that is charged on goods sold to end customers, and is a set percentage of the price of the good. Different states and countries have different sales taxes - some… Read More...
Effectively Juggling Bills - It happens to everyone: a monetary emergency happens, such as a car breakdown, draining your bank account. Bills are still coming in, and you already know that you will not even be close to paying… Read More...
Accounting for Automatic Payments - Automatic Payments can be a huge time saver, but can also be problematic for your planning processes and account reconciliations. What cases are they appropriate? Can you think of a case where automatic payments would… Read More...