Financial Practices

Oct
4
2012

Accounts Receivable, Accounts Payable

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Accounts Receivable, Accounts Payable

What It Is Accounts receivable (A/R) and accounts payable (A/P) are recordings on a company’s financial statements that show how much is owed to the company and how much the company owes, respectively.  On a balance sheet, businesses want to see a higher A/R and a lower A/P.  A/R is …

Green Plus
We educate, motivate, and recognize smaller enterprises for their efforts towards becoming more sustainable. We’re here to offer tangible, practical tips and expertise in sustainability.
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Sep
30
2012
Systems Thinking – BONUS

What It Is Systems thinking is a way of understanding reality that emphasizes the relationship and connections among a system’s parts, rather than the individual parts themselves. [1]  An easy example would be to think about when a person has a cold.  While you can treat the symptoms, systems thinking …

Green Plus
We educate, motivate, and recognize smaller enterprises for their efforts towards becoming more sustainable. We’re here to offer tangible, practical tips and expertise in sustainability.
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Nov
15
2011
Generally Accepted Accounting Principles

What It Is Generally Accepted Accounting Principles, or GAAP, is the standard set of rules and guidelines that “specify the financial accounting principles and procedures that firms must use, and the kinds of estimates and judgments that managers must make in applying those principles.” [1]  There are different sets of …

Amanda Komar
Amanda is a graduate of the University of North Carolina-Chapel Hill, where she received her master's degree in Journalism and Mass Communication, specializing in Public Relations. She received her bachelor's degree from Virginia Tech, where she majored in Environmental Policy and Planning and...
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