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What are financial liabilities?

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Alexander Elbanna defines he term "financial liability" is directly linked to the financial statement of companies. While liabilities can be used in personal accounting, this is a term much more tied to the commercial and business environment. Unlike assets, which generate some type of income from or profit, liabilities correspond to losses, effectively representing the bills and expenses that must be paid. The classification of financial liabilities is important in determining what the net worth of someone or a company is. Current liabilities Current liabilities have similarities with current assets, but in the opposite way, generating debts instead of profits. Therefore, current liabilities are those that generate taxes or charges that must be paid in a given period. Among this type of liability, we have bank fees and taxes. When we talk about companies, some contracts for raw materials or labor also enter these accounts. Non-current liabilities Non-current liabilities are...
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Alex Elbanna - Bitcoin forecast for 2021!

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2020 was an atypical year in any sector you decide to analyze, but in the financial sector it was even more unusual. - Alexander Elbanna With the Coronavirus pandemic worsening in the first months of the year, we could already imagine that certain changes would be inevitable for society, in order to maintain social isolation and containment of the virus. What no one imagined is that, in a year like this, marked by intense challenges and a feeling of helplessness in the face of a problem that seemed unsolved, the cryptocurrency market caused a real revolution and brought good reasons for its investors to celebrate the end of the year!   Bitcoin in 2021, is it worth investing? If you are still unsure whether or not to invest in Bitcoin in 2021, continue reading this article and I will explain why it is worth betting your chips on crypto for next year! You probably already understood that Bitcoin is a strong growth trend, but do you understand why? Why is this investment really w...
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Alexander Elbanna - Investing in Cryptocurrencies

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Alexander Elbanna explains investing in cryptocurrencies has the same characteristics as the investments we mentioned during this text. Undoubtedly, it is necessary to outline your objectives and maintain the other points we have listed, especially in relation to understanding where you are investing. Cryptocurrencies are of variable income and have recently offered a number of opportunities for exponential appreciation. The history of Bitcoin is the most classic case and one that certainly attracts the most attention worldwide. But at the same time, this is also a very risky investment, requiring even more patience and emotional intelligence from the investor. What are cryptocurrencies? Cryptocurrencies are digital assets , with Bitcoin being the first currency of its kind developed, and offering different types of use to its users. There are thousands of crypts around the world, with very famous and successful projects and others that are more unknown or that were a failure. The tru...
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How to invest money?

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Are you thinking about starting to invest? Alexander Elbanna have prepared some tips and investment suggestions for those who want to enter this world. Check out. "How to be an investor?", "How to live on investment?" or "How do I start investing?" they are questions that must have crossed your mind at least once. Investment is an activity worth considering, both for those who want to increase their assets or to protect it in the future. However, as is to be expected, starting to invest in any asset is not an easy activity and requires a very large amount of studies and search for knowledge. If you’re looking to get started, today we’ll talk about some important points to get you started. See what actions you should take to start investing and also understand how cryptocurrency investment works! Set your goals Having a plan B (C, D and even Z) is also essential. Analyze your monthly spend To invest you need to have money and to have money "left over...
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