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Understanding Books and Balance Sheets

Glen Palmer
Director
Core Business Management & Advice
http://www.corebusiness.com.au
Glen's Bio
In the often stereotypical world of accounting, Glen Palmer has been labelled by some as an un-accountant accountant. While this sits comfortably with Glen, he is still very capable with numbers, as you would expect of an experienced accountant and business advisor, but you can also count on Glen Palmer to know the cricket and football scores.

General Advice From Glen

Understanding Books and Balance Sheets

   Glen has not provided any general advice.

Questions to Glen

From TopStocks Members

Tax as a trader v's an investor
Q. Hi Glen,
In 2009 I was trading many shares. In 2010 I bought silver shares and held, I have not sold any shares in over 12 months, nor plan to sell for at least another 12 months. When being assessed for taxation, will I be taxed as an investor or a trader? What criterion do they use?
Thanks Arno.



Rule of thumb for dividend payments
Q. Hi Glen, If a company has stable cash flows (positive) and no capital requirements for expansion, plant and equipment etc is there a rule of thumb re the % a company should pay re franked dividends from retained earnings? Thanks. emb


What to look for
Q. what is something we can all look for when going over these that should stand out as a negative or positive apart from cash on hand?
thanks



Lack of detail in corporate accounting
Q. When it comes to reporting why don't company's give more detail? Thinking Cost of production, details on plant and equipment, expenses, creditors and debtors. The Basic nuts and bolts of how the company operates. Surely the only way asses management performance is on the day to day decisions they make.




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