Of course profit and cost of goods sold expense are the two most critical components of an income statement, or at least they're what people will look at first. But an income statement is truly the sum of its parts, and they all need to be considered carefully, consistently and accurately.

In reporting depreciation expense, a business can use a short-life method and load most of the expense over the first few years, or a longer-life method and spread the expense evenly over the years. Depreciation is a big expense for some businesses and the method of reporting is especially critical for them.

One of the more complex elements of a an income statement is the line reporting employee pensions and post-retirement benefits. The GAAP rule on this expense is complex and several key estimates must be made by the business, such as the expected rate of return on the portfolio of funds set aside for these future obligations. This and other estimates affect the amount of expense recorded. 

Many products are sold with expressed or implied warranties and guarantees. The business should estimate the cost of these future obligations and record this amount as an expense in the same period that the goods are sold, along with the cost of goods expense. It can't really wait until customers actually return products for repair or replacement, should be forecast as a percent of the total products sold. 

Other operating expenses that are reported in an income statement may also have timing or estimating considerations. Some expenses are also discretionary in nature, which means that how much is spent during the year depends on the discretion of management. 

Earnings before interest and tax (EBIT) measures the sales revenue less all the expenses above this line. It depends on all the decisions made for recording sales revenue and expenses and how the accounting methods are implemented.

Summary:

Public schools need the support of their communities to succeed. They are, after all, public and open to all. It is our responsibility as members of the community to give whatever help and support we can to our neighborhood schools. No one can argue that receiving such support from both individual citizens as well as businesses and corporations are a hindrance. They enable the school communities to feel that they are a part of the neighborhood they serve, and that they are pa...

Keywords:

Portland Schools, Patricia Hawke

Article Body:

Public schools need the support of their communities to succeed. They are, after all, public and open to all. It is our responsibility as members of the community to give whatever help and support we can to our neighborhood schools. No one can argue that receiving such support from both individual citizens as well as businesses and corporations are a hindrance. They enable the school communities to feel that they are a part of the neighborhood they serve, and that they are partners in educating tomorrow’s leaders.

In Oregon, Portland Public Schools are benefiting from a great relationship with the surrounding communities. The residents, business owners, school administrators, teachers, students and parents all see the need to work together to ensure the best education possible for Portland Schools students.

For example, Portland Schools have called upon volunteers to come out and work at 65 schools to complete tasks around the grounds. Such tasks include weeding, pruning, mowing, and mulching. The volunteers are needed to do these jobs, since Portland Schools have had to drastically cut its grounds keeping staff. Currently, the district employs only 4 full-time groundskeepers, who must maintain the Portland Schools 750 acres of property. That’s a lot of mowing! Participants of Community Career Day, as the effort has been named, had as many as 1,800 people participating in previous years. After all that hard work, all volunteers can head over to one of the Portland Schools benefiting from this beautification project – Roseway Heights – for a cook-out, music, and the dedication of new playground equipment.

Another example of the community and Portland Schools working together is the Summer Food Service Program being offered to kids aged 1 – 18. In conjunction with the city’s Parks & Recreation department, Portland Schools will offer the free meals at over 60 sites throughout the city. Parks, Portland Schools, pools, community centers and other child-friendly locations are among the different types of locations kids can go to get lunch. Any child can come have lunch on the schools and the city will pick up the tab; economic background is not considered in any way.

The U.S. Department of Agriculture funds the project, for cities that have schools where more than 50% of students are eligible for free or reduced lunches.

Big corporations can also get into programs that support public schools. Recently, Portland Schools partnered with the Nike School Innovation Fund to launch a new Summer Academy. This program is intended to help more than 400 students prepare for first grade. Nine Portland Schools offered the Summer Academy, which are being fiscally supported by a $250,000 grant from Nike.

While 20 Portland Schools have summer school programs in place, the Summer Academy strives to offer its students a bit more. The program offers its services to all Portland Schools students who demonstrate a need for an additional learning “boost”. Another way that this program differs from other summer programs is its target student body; only exiting kindergartners who need help reaching and exceeding achievement standards participate. Also, Nike volunteers visit the schools and volunteer their time by giving individual tutoring, buddy reading, leading arts and crafts projects, as well as organized games.

Summary:

After seeing the system in action, I decided to write this 5 Minute Racing System review. In this brief review, I'll go over the viability of the program in detail. From how much you can realistically expect to make to whether or not you can actually make the systems work for you in as little as five minutes per day, by the time you're finished reading you'll be well versed in what 5 Minute Racing System really has to offer, and if it's something you should look into on your ...

Keywords:

5 Minute Racing System Review

Article Body:

After seeing the system in action, I decided to write this 5 Minute Racing System review. In this brief review, I'll go over the viability of the program in detail. From how much you can realistically expect to make to whether or not you can actually make the systems work for you in as little as five minutes per day, by the time you're finished reading you'll be well versed in what 5 Minute Racing System really has to offer, and if it's something you should look into on your own.

There are around ten zillion betting systems on the market today, each one promising unparalleled results and ease of use. Unfortunately for those who have fallen victim to the empty promises, the only thing you can count on with these systems is that they won't work on a consistent basis. This is why I was skeptical when my attention was turned to John Timmons' 5 Minute Racing System.

The first thing I like to look at when reviewing these systems is the skill level required to master them. I was immediately impressed by 5 Minute Racing System in this arena. It turns out, if you can do simple basic math, the program does all of the other work for you. In fact, by having third grade math mastered, you can pick horses that win money more than 90 percent of the time.

Now that accuracy and ease of use have been addressed, the only other thing left to look at was the time investment required. Is five minutes really enough time to make money betting? After reading over the testimonials, I found that five minutes is more than sufficient. It turns out, after you've worked with 5 Minute System for awhile you only need a minute or two to pick a winning horse! As a result, I have been more than amazed by what 5 Minute Systems can do and I wholeheartedly recommend the program to anyone who wants to consistently place winning bets.

The race to fitness is on and a lot of people are getting into the band wagon. Some people do it to achieve a sexy body, some people just do it because they are embarrassed with the body they have now, while others do it simply to remain fit and heatlthy. As such, many fitness programs are out in the internet, in gyms, spas and fitness centers all over. Some are too expensive to afford that one may even lose weight just by trying to work out the money needed to pursue these fitness programs.

One may not have to go to the gym or the spa or any fitness center and spend much just to slim down to obtain that longed for sexy body. There are many books available in the bookstore which offer weight loss programs which are convenient and for free, of course the books are not though. These weight loss programs, or diet plans are gaining immense popularity with so much publicity, testimonials and reviews that one may be confused which exactly to follow. So before choosing which weight loss plan to follow, try reading these summaries about the most popular diet programs out today.

Atkins' New Diet Revolution by Dr. Atkins. This weight loss program encourages high protein diet and a trim down on the carbs. One can feast on vegetables and meat but should fast on bread and pasta. One is also not restricted against fat intake so it is okay to pour in the salad dressing and freely spread on the butter. However, after the diet, one may find himself lacking on fiber and calcium yet high in fat. Intake of grains and fruits are also limited.

Carbohydrate Addict's Diet by Drs. Heller. This diet plan advocates low carbohyrate eating. Approves on eating meats, vegetables and fruits, dairy and grain products. however, warns against taking in too much carb. "Reward" meal can be too high on fats and saturated fats.

Choose to Lose by Dr. Goor. Restrains fat intake. One is given a "fat" budget and he is given the liberty on how to spend it. It does not pressure the individual to watch his carbohydrate intake. Eating meat and poultry as well as low-fat dairy and seafoods is okay. A go signal is also given on eating vegetables, fruits, cereals, bread and pasta. This weight loss plan is fairly healthy, good amounts of fruits and vegetables as well as saturated fats. Watch triglyceride levels though; if high, trim down the carbohydrates and tuck in more of the unsaturated fats.

The DASH Diet. Advocates moderate amounts of fat and protein intake and high on carbs. Primarily designed to lower blood pressure, the diet plan follows the pyramid food guide and encourages high intake of whole wheat grains as well as fruits and vegetables and low-fat dairy. Some dieters think it advocates too much eating to procure significant weight loss.

Eat More, Weigh Less by Dr. Ornish. Primarily vegetarian fare and strictly low-fat. Gives the go signal on the "glow" foods but warns to watch it on non-fat dairy and egg whites. This diet is poor in calcium and retricts consumption of healthy foods like seafoods and lean poultry.

Eat Right for Your Type. Interesting because it is based on the person's blood type. recommends plenty of mest for people with the blood type O. Diet plans for some blood types are nutritionally imbalanced and too low in calories. And for the record, there is even no proof that blood type affects dietary needs.

The Pritkin Principle. Focused on trimming the calorie density in eating by suggesting watery foods that make one feel full. Eating vegetables, fruits, oatmeal, pasta, soups, salads and low-fat dairy is okay. Although limits protein sources to lean meat, pseafood and poultry. Although it is healthy by providing low amounts of saturated fats and rich amounts of vegetables and fruits, it is also low on calcium and limits lean protein sources.

Volumetrics. For low-density calorie eating. Recommends the same foodstuff as Pritkin but restricts fatty or dry foods like popcorn, pretzels and crackers. This plan is reasonably healthy given the high amounts of fruits and vegetables as well as being low in calorie density and saturated fats.

The Zone. Moderately low on the carbs yet moderately high on the proteins. Encourages low-fat protein foods like fish and chicken plus veggies, fruits and grains. It is also healthy but lacking in grains and calcium.

Weight Watchers. High carbohydrates, moderate on fats and proteins. A very healthy diet plan and very flexible too. it allows the dieter to plan his own meal rather than give him a set to follow.

General salmon information and fishing tips:

1. Generally, the best times of the day are during the times when there is low light and so too, on cloudy days. On bright and sunny days, salmon will usually collect and assemble deep in the holes.

2. Take note that salmon do not feed while in the river. When they do strike, it is a behavior that is learned. Salmons are known to be predatory and aggressive when in the lake, up until they go into the river.

3. Set the hook by yanking downstream with your rod three times. To get a better set, pulling on the line with your free hand can help. Sometimes, when you lift the rod straight up, it will pull the fly out of the mouth of the salmon.

4. In order for the hook to go through the thick jaws of the salmon, you should always sharpen your hooks.

5. Fishing with a partner can be enjoyable and at the same time help each other to spot a salmon. While one is fishing, the other can be high up on the other side of the bank observing the reaction of the salmon and where exactly they are. Polarized glasses are very helpful when doing this and would bring satisfying results.

6. Finding a good hole where there are many salmon inside and you can fish there for the whole day!

7. Your weight as well as the length of the tippet should be adjusted so that it matches the holes depth and the depth of the fish. Your weight should not drag, but should only touch the bottom every now and then. Note that a tippet that is three feet long will set the fly six inches up to two feet off the bottom.

8. By adding a foam indicator at the top of your fly, you can get your fly higher in the water column.

Fly fishing tips:

Chuck-n-duck is the most familiar and easiest, method in using a fly rod to fish for salmon.

Popular four line formulas for chuck-n-duck:

The River Guide

100+ yards of 30 pounds backing

20 feet of Amnesia line

100 feet of shooting line

3-6 feet of Maxima monofilament (6-8 lb. test)

20 feet of Maxima monofilament (12 lb. test)

Swivels and weight

The Simple Set-Up

100+ yards of 30 pounds backing

10 feet of Maxima monofilament (12 lb. test)

100 feet of shooting line

Swivels and weight

3-4 feet of Maxima monofilament (6-8 lb. test)

The simple and cheap Set-up

100+ yards of 30 lb. backing

100 feet of Amnesia line (15 lb. test)

20 feet of Maxima monofilament (12 lb. test)

Swivels and weight

3-6 feet of Maxima monofilament (6-8 lb. test)

The combo

100+ yards of 30 pounds backing

100 feet of shooting or Amnesia line

3-12 feet of Maxima monofilament (10-20 lb. test)

Swivels and weight

4-10 feet of Maxima monofilament (2-12 lb. test)