There is so much thought, effort and planning that goes into a business. It is the culmination of a wide range of business processes that make a business work, and if even one of them is not performing at its peak, all of the others will suffer for it. Businesses […]
Search Results for "Accounting"
Components of the Cash Flow Statement and Example
In accounting, the balance sheet is a snapshot on a company’s finances at a fixed time; accordingly, the cash flow statement reflects the changes in company’s finance over a considerably longer time. The statement reflects both the cash inflow and the cash outflow for a specific period of time. The […]
Enhancing Management Skills Via Auditor Training
A growing trend is business is to arm managers with the training and knowledge they need to become effective auditors. No matter what kind of business you operate, you have a number of internal systems that could use the attention of qualified auditor, and your managers are the perfect trainees […]
Guidelines for a Productive Meeting
Hmm, not something you hear that often sadly! Meetings; are they single-handedly responsible for reducing productivity or a valuable investment in your business? Probably, meetings are both; sometimes they can be the biggest investment you can make and at other times you may have been better giving everyone an extra hour for […]
Types of Fixed Assets
Also called “tangible assets”, the fixed assets are used for the business operation, having a price higher than a predetermined threshold dollar amount when purchased and supposed to last at least one year. One of the generally accepted accounting principles-materiality-speaks about the importance of an accounting event concerning the financial […]
What is a Balance Sheet
The Balance Sheet depicts the financial situation of a company, measuring how healthy and profitable the company actually is. At the end of the accounting period (year, quarter, month), the balance sheet lists the company’s assets and the liabilities it owes. In other words, the balance sheet is about: – […]