Blog

It is time for a road trip!  Work has been going great and the economy is stable and secure.  I have always wanted to go to Wyoming and now is the perfect time to go.  My truck is older, but it is paid for and I feel confident it will make the long trip without any issues.  I know the fuel gauge does not work, but I will fill up every 4 hours.  Continue reading “Road Trip to Financial Success”

I need for you to work this Saturday.  We are behind schedule and the whole crew will be there.  This is how your boss treats you.  You have always been a loyal and dependable employee and he knows he can count on you.  The time and a half, at $45 per hour, for the eight hour day comes out to $360.  The extra money is always appreciated.  Continue reading “Opportunity Cost”

Keeping track of assets sounds simple.  The process is relative.  Relative meaning it depends what assets you are tracking.  Assets include cash, cattle, feed, equipment, and other items which will make you money.  In other words, a return on your investment.  Some of these items are definitely easier to keep up with than others.  Continue reading “Track of Assets”

Exchanging assets sounds simple.  The process involves a method of payment, noting the amount paid, checking a statement periodically, and of course end of year taxes.  The process sounds simple.  For those of you who are movers and shakers in your community, as your assets grow, so does the process.

Continue reading “Exchanging Assets for Assets”

For anyone interested in basic cattle knowledge, not just accountants.

I recently read several scholarly articles (which I will not cite here as I do not wish to debate such intelligent authors) concerning accounting theory over sustainability of our environment for future generations.  That ignited me to thinking about GAAP accounting conceptual framework.  Different people have different realities concerning what is “profit”.  Continue reading “Profit is a Relative Term”