Accounting

The Time Value of Money – Animated Video

We’ve all heard the phrase “Time is money.” But what do these two things actually have to do with one another? This video explains the math behind interest rates, revealing the equation that will allow you to calculate the future value of your money (if you wisely put it in… Continue Reading →

Flashcard: Money Management Terms

Budget – A plan for spending money. Income – Money received. Expenditure – Money paid out. Gross Income – Total amount earned before deductions. PAYE – Pay As You Earn. Income Tax. Paid to State. PRSI – Pay Related Social Insurance. Pays for benefits if and when needed. Net Income – Total amount earned after deductions. Take… Continue Reading →