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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
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Friday, June 27, 2008
Aon Consulting Announces U.S. Assistant Vice President Promotions
Comtex
CHICAGO, June 27, 2008 /PRNewswire-FirstCall via COMTEX/ ----Aon Consulting Worldwide, the global human capital consulting organization of Aon Corporation (NYSE: AOC), announced today the following employees were promoted to assistant vice president in their respective practice groups across the country.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)
"Promotion to the officer position of assistant vice president is a considerable achievement for these colleagues. This milestone is a testament to the proven record of providing unparalleled client value and results," said Kathryn Hayley, chief executive officer of Aon Consulting Worldwide. "Together these individuals bring decades of experience and expertise, helping clients shape the workforce of the future through the improved management of human resources and benefits."
Atlanta -- Marc Bussone, Retirement Baltimore -- Judith Baseman, Retirement -- Linda Boarman, Retirement -- Michael Danoff, Retirement -- Daniel Graf, Health & Benefits -- Michael B. Miller, Retirement Chicago -- Kelly Bjornson, Health & Benefits -- Brandon Deans, Health & Benefits -- Teresa Middleton, Finance -- Darren Spencer, Retirement -- Stefany Nicodemus, Health & Benefits -- Sarvesh Soi, Retirement Denver -- Courtney Schouten, Health & Benefits Jericho, N.Y. -- Anthony Aziz, Health & Benefits Liverpool, N.Y. -- Michelle McCormick, Health & Benefits Los Angeles -- Keith Kobayashi, Business Development -- Shella Phan, Retirement Miami -- Patricia Gutierrez, Health & Benefits -- Max Maggio, Global Benefits New York -- Phyllis Jackson, Business Development -- Jill Rafkin, Human Capital -- James Roche, Business Development -- Ana Sanchez, Health & Benefits Parsippany, N.J. -- Lisa Pacheco, Health & Benefits Radnor, PA -- Heidi Laubach, Human Capital -- Mike Yeager, Health & Benefits Rolling Meadows, Ill. -- Terry Brewer, Employee Benefits Outsourcing Tampa, Fla. -- Brooke Kross, Health & Benefits Washington -- Scott Dever, Health & Benefits Winston-Salem, N.C. -- Michael Adam, Employee Benefits Outsourcing -- Kenneth Criss, Retirement -- Melissa Everhart, Retirement -- Ann Jarrett, Employee Benefits Outsourcing -- Lisa Lambeth, Health & Benefits -- Cindy Madewell, Employee Benefits Outsourcing -- Annette Martin, Employee Benefits Outsourcing -- Denise McCoig, Health & Benefits -- Mitzi McLean, Retirement -- Rebecca Nelson, Health & Benefits
About Aon
Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance & reinsurance brokerage, human capital & management consulting. Through its 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative & effective risk management & workforce productivity solutions. Our industry-leading global resources, technical expertise & industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was named the world's "best broker" by Euromoney magazine's 2008 Insurance Survey. Aon also was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, & voted best insurance intermediary, best reinsurance intermediary, & best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.
About Aon Consulting
Aon Consulting Worldwide (http://www.aon.com/hcc) is among the top global human capital consulting firms, with 2007 revenues of $1.352 billion & 6,335 professionals in 117 offices worldwide. Aon Consulting is shaping the workplace of the future through benefits, talent management & rewards strategies & solutions. Aon Consulting was named the best employee benefit consulting firm by the readers of Business Insurance magazine in 2006 & 2007.
For more information, contact: Daniel Ohman 312.755.3549 daniel.ohman@kemperlesnik.com
SOURCE Aon Corporation
http://www.aon.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Monday, 06-23-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 04-02-2008 for AOC @ $41.96. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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