What Makes a 'Good Reflective Journal Entry

question 21

Essay

What makes a 'good reflective journal entry'?

Identify various elements of employee compensation beyond wages and salaries.

Understand the benefits of flexible benefit packages, including tax advantages.

Know the best practices for hiring family members according to Peter Drucker.

Be aware of the rules and limits concerning individual retirement accounts (IRAs).

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Definitions:

Minimum Revenue

The lowest amount of income considered acceptable or necessary for a company or project to stay viable.

Asset Test

A measure of the liquidity of a company by comparing its liquid assets to its current liabilities.

Reportable Segment

A distinguishable component of an enterprise engaging in operations from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and tax, as well as any non-operational income and expenses.