These financial terms definitions are for the most commonly used financial terms and ratios. They are based on Company Balance Sheet, Profit and Loss Account, and Cashflow Statement conventions. Certain financial terms often mean different things to different organizations depending on their own particular accounting policies. Financial terms will have slightly different interpretations in different…
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Jan
26
Financial Terms
May
03
Day 5: How Much Did You Work Last Year?
Yesterday, we calculated the actual cost of our employment over a given year – and were surprised to discover how little it actually is. Once you remove all of the work-related expenses, such as the commute, the wardrobe, the extra meals, and the child care, the actual income you get from your job is ominously…
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May
03
Day 6: Your True Hourly Wage
Two days ago, we determined your true annual salary. Yesterday, we determined the number of hours you truly work in a year. Today, we combine the two numbers – and consider what exactly that means about you, your employment, and your time usage. Are you ready for the big calculation? Take the total salary you…
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