A statement of the assets and liabilities of a business at a given time. The assets side of the balance sheet provides information on the use of funds whereas the liabilities side details the procurement of funds (financing). In Switzerland, the preparation of balance sheets is governed by a detailed body of regulations.
A year ago we published an article based on a woman who was told by university professors that because her college-level business education was 10-years old, it was out of date. On-the-job experien... [ more... ]
In every association executive's life the day will come when you must deliver bad news. Sometimes you have to tell the bad news to your Board; every so often you have to tell your membership; perio... [ more... ]