Search Results for "financial statements"

Accounting

What is Financial Analysis and Types of Financial Statements

Financial analysis is the process of evaluating a company’s financial performance and health. It involves the examination of financial statements, such as the balance sheet, income statement, and cash flow statement, to determine the company’s liquidity, solvency, and profitability. By analyzing these statements, an investor or financial analyst can gain […]

Accounting

Building Financial Foundations – The Importance of Bookkeeping for Construction Companies

Construction businesses require a different approach to financial management than other companies. Due to the high-value contracts and long-term nature of many projects, accurate accounting is essential for these firms. For example, construction companies must track contract retainers, billing and invoicing cycles, and completion percentages based on their specific contracts. […]

Finance

Techniques used in Financial Analysis

Financial analysis is the process of evaluating a company’s financial performance and position. There are several techniques that can be used to perform financial analysis, including ratio analysis, trend analysis, and benchmarking. There are several techniques in financial analysis to evaluate a company’s financial performance and make informed investment decisions. […]

Personal finance

Deciphering Credit Card Billing Statements

It’s a safe bet your credit card statement doesn’t even register in the pantheon of your great reads. But when it comes to maintaining your financial health, it’s a document with which you should be well acquainted. In addition to keeping a running tally of your monthly expenditures, the information […]

Other stories

How Long Should You Keep Financial Records For?

Even though nearly everything has gone digital, there are some records and financial documents that you'll want to keep around in their original form. Now that tax season is here, many people will be gathering their necessary tax documents and information, which may involve deciding which financial records to keep […]

businessman
Finance

Pros and cons of obtaining offshore bank license

In a broad sense, offshores are territories with the most favorable conditions for doing business. These spaces received this name because most offshore companies are island states, but not all of them. A banking business registered in an offshore zone can become an effective tool for comfortable and safe entrepreneurship. […]

Small business

How to forecast small business cash flow

While large businesses with dedicated finance teams can spend significant time and resources forecasting their future cash flow, smaller companies typically need to find ways to do it in-house. Thankfully, forecasting cash flow is simpler than one would think. You can get a good idea of your business’s future cash […]