Friday, May 29, 2009

Apartment Decoration Ideas

Those who live in an apartment is usually very limited in the amount of decorating they are able to do so. This may also include the effects of an apartment not quite feel like a real home. In many cases, the apartment is a very brightly lit, white, and residents often feel as though this color is somewhat impersonal but are not able to repaint the walls to an appealing color. This is just one example of the decorating restrictions which may be placed on an individual renting an apartment. It may also be other restrictions and carefully reading the contract, the renter to determine what is allowed and what is not allowed.

Check carefully the terms and

Tenants who are in an apartment should review their contract documents carefully before they begin decorating your home. This is important because there may be some common decorating such as painting or installation of shelving which is not authorized by the contract documents. Decorating in a manner which is strictly prohibited can lead to severe penalties. These sanctions could include the assessment of fees at the end of the rental period or possibly even eviction.

Most standard decorations such as hanging pictures are usually acceptable but some particularly strict measures may be either completely banned or restricted the types of nails that can be used or the methods of patching the holes. Tenant, the questions of whether or not specific decorating are permissible or prohibited should contact their leasing agent before they act. This will help ensure that the renter is not penalized in the future for their actions.

In addition, if the leasing agent tells the renter is allowed, an action not in accordance with the lease, the tenant must always ask for a signed written document stating the exception to the contract. This is helpful because the leasing agent may not remember that an exception to the rule or not, even at the apartment when the tenant the lease expires.

Check to see if changes are reversible

If the tenant in an apartment living situation make decorating decisions, one of the most important factors to consider is whether an amendment to the apartment is reversible. In most cases, the action is likely to be permitted as long as it is readily reversible. But the case of painting the apartment is a common exception to this rule. Although painting can easily be reversed, most apartment complexes due not allow residents of the house of pain, in which they reside. This is because although painting is often reversible, the process of returning the wall to the original color is not always easy.

Irreversible changes such as adding or removing walls, permanent fixtures for the apartment are generally not acceptable when decorating a rental apartment. Although major changes are usually not completely irreversible, most leasing agents consider changes to the support of a general contract law, in the long term in nature. Conversely, small changes such as nail holes to hang pictures are reversible because they are easily corrected. Even if the tenant is not sure whether an action is permitted, they should seek clarification from the leasing agent.

Consider the security deposit

Most landlords pay a deposit before they take possession of the home. This deposit is to protect against damage caused by the tenant during the term of the lease. The leasing agent may expect to need some minor cleaning and a few minor repairs after the tenant vacates the premises. However, large enough deposit to cover the cost of major repairs is often collected by the leasing agent with some protection from damage, the tenant of the apartment and there will be considerable repair.

Wednesday, May 20, 2009

Traveling in UK

I met my friend Joe today. He told me that he just finished a vacation in which he traveled to UK and spent a week in there. According to Joe, his trip was amazing. He told me some funny stories happened during his trip. He was even thinking about moving to Europe and doing business in UK. What a surprise! Wow, I’ve never thought of moving that far!

Tuesday, May 5, 2009

Accounting Principles

If everyone involved in the process of accounting followed their own system, or no system at all, there's be no way to truly tell whether a company was profitable or not. Most companies follow what are called generally accepted accounting principles, or GAAP, and there are huge tomes in libraries and bookstores devoted to just this one topic. Unless a company states otherwise, anyone reading a financial statement can make the assumption that company has used GAAP.

If GAAP are not the principles used for preparing financial statements, then a business needs to make clear which other form of accounting they're used and are bound to avoid using titles in its financial statements that could mislead the person examining it. 

GAAP are the gold standard for preparing financial statement. Not disclosing that it has used principles other than GAAP makes a company legally liable for any misleading or misunderstood data. These principles have been fine-tuned over decades and have effectively governed accounting methods and the financial reporting systems of businesses. Different principles have been established for different types of business entities, such for-profit and not-for-profit companies, governments and other enterprises.

GAAP are not cut and dried, however. They're guidelines and as such are often open to interpretation. Estimates have to be made at times, and they require good faith efforts towards accuracy. You've surely heard the phrase "creative accounting" and this is when a company pushes the envelope a little (or a lot) to make their business look more profitable than it might actually be. This is also called massaging the numbers. This can get out of control and quickly turn into accounting fraud, which is also called cooking the books. The results of these practices can be devastating and ruin hundreds and thousands of lives, as in the cases of Enron, Rite Aid and others.