Melvin Feller owns and is the founder/CEO of Melvin Feller Business group. He operates in Dallas Texas. A former sailor and proud supporter of our vets, Melvin now concentrates on business and his love of seeing people become successful in all areas of life. He is an avid Christian and knows all things are possible in Christ! He has been a domestic violence survivor in his marriage and divorce to Tina and more importantly a cancer survivor.
Melvin Feller Business Consultants Group Looks at Financial Accounting Decision Making
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Melvin Feller Business Consultants Group Looks at Financial Accounting Decision Making
Melvin
Feller Business Group in Burkburnett Ministries and Dallas Texas and
Lawton Oklahoma. Our mission is to call and equip a generation of
Christian entrepreneurs to do business as ministry. We provide workshops
and resources that help companies discover how to do business God’s way
and provide a positive outreach as the director. When the heart of a
business is service rather than self it can be transformed into a
fruitful business ministry earning a profit and being of service to the
community and their customers. Melvin Feller is currently pursuing another graduate degree in business organizations. Financial Accounting Decision Making by Melvin Feller
Financial
Accounting does not seek to obtain exact numbers because such precision
is often impossible to achieve and is not really needed by decision
makers. Instead, the financial accounting information reported an image
of a company and its activities, intended to provide a kind of portrait.
To achieve this objective, financial accountant must ensure that the
reported balances and other data is free any of material misstatement.
A
misstatement is inaccurate information, which is included by an
accident (an error) or intentional (fraud). Misstatement may cause a
change in the decisions made by a person who will use this information.
When all misstatements is eliminated, the information will be presented
as just. The interested parties to make accurate and informed decision
will use this accurate information.
At
any point, time business organizations may face unpredictable outcomes
such as litigation or collection of a debt. The presentation of useful
information about these dangerous situations goes beyond the simple
reporting accurate numbers. To communicate an adequate representation of
this uncertainty, financial accounting must serve as a language. Any
language must use rules such as terminology and the structure of each
language must be developed. Effective communication of financial
information, terminology and structural rules must be understood by all
stakeholders.
FINANCIAL ACCOUNTING TERMINOLOGY AND RULES
Language
cannot communicate without some standardization of terminology and
rules. Generally,
Accepted Accounting Principles — GAAP — currently
plays this role in the United States. The availability of these
mandatory guidelines served as a central role in the growth of the U.S.
economy since the end of the Great Depression and World War II. These
uniform accounting rules allow the investors and creditors to assess the
potential risks and opportunities they face. GAAP is evolving as an
accountant looking for better ways of providing financial information in
a changing world. The principal authority for the development of GAAP
is the Financial Accounting Standards Board (FASB). FASB constantly
looking for reporting issues to be examined so that the necessary
changes in official accounting rules can be made. IFRS plays the same
role in much of the rest of the world. The future of IFRS rules in the
United States is yet to be determined, but the acceptance of a single
set of accounting standards in certain form has many supporters.
A
good knowledge of basic accounting terminology is essential for
successful communication in the presentation of financial information.
Four terms provide basic core around which financial reporting process
is built. Assets are probable future economic benefits owned or
controlled by an organization.
Assets generally include cash,
inventories, land, buildings and equipment. Liabilities are debts of the
reporting entity such as rent payable, salary payable, and notes
payable. Revenue figures show the increase in company’s net worth
(assets minus liabilities) created by the sale of goods or services.
Profits are the lifeblood of any organization. Without the inflow of
cash or receivables that comes from generating sales, a company cannot
exist for a long time. Expenditures represent a decrease in net assets
in the hope of generating revenues. Expenses incurred by most companies
come rents, salaries, insurance, electricity and many operating costs. Melvin
Feller Business Consultant, Business Owner, Burkburnett ministries and
Graduate Student Candidate in Business OrganizationMelvin Feller Business Consultants Ministries Group in Texas and Oklahoma.
Melvin Feller founded Melvin Feller Business Consultants Group and
Burkburnett Ministries in the 1970s to help individuals and
organizations achieve their specific Victory. Victory as defined by the
individual or organization are achieving strategic objectives, exceeding
goals, getting results or desired outcomes and a positive outreach with
grace and as a ministries. He has extensive experience assisting
businesses achieve top and bottom line results. He has broad practical
experience creating WINNERS in many organizations and industries. He has
hands-on experience in executive leadership, operations, logistics,
sales, program management, organizational development, training, and
customer service. He has coached teams to achieve results in strategic
planning, business development, organizational design, sales, and
customer response and business process improvement. He has prepared and
presented many workshops nationally and internationally.
Melvin Feller Business Group Discusses Work Life Limitations from a Texas Business Owner Melvin Feller Business Group in Burkburnett Ministries and Dallas Texas and Lawton Oklahoma. Our mission is to call and equip a generation of Christian entrepreneurs to do business as ministry. We provide workshops and resources that help companies discover how to do business God’s way and provide a positive outreach as the director. When the heart of a business is service rather than self it can be transformed into a fruitful business ministry earning a profit and being of service to the community and their customers. Melvin Feller is currently pursuing another graduate degree in business organizations. Work Life Limitations by Melvin Feller Setting healthy boundaries is essential for a healthy work life balance. That sounds true, but what does it mean? What do healthy limitations look like, and how can you know where and how to set them? I notice a tendency ...
What is Christian Life and Business Coaching with Melvin Feller Melvin Feller Is a Certified Christian Business Consultant in Texas and Oklahoma. He has a passion to equip a generation of Christian entrepreneurs to do business as business ministry. Melvin Feller Is a Certified Christian Business Consultant in Texas and Oklahoma Melvin Feller Is a Certified Christian Business Consultant and his coaching is expressly designed to help individuals discover God’s calling on their lives, overcome life’s challenges and to develop to their fullest potential. We blend practical coaching and counseling tools with a sound Biblical Worldview. Melvin Feller through Melvin Feller Business Consultants Group Business Ministries is committed to practical Life Coaching, mentoring and counseling processes and resources that will equip individuals while fostering healthy and positive change. Whether you are a Christian or not, Melvin Feller’s Christian Life Coachin...
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