A company’s financial statement analyzes a company’s finances over time. A country’s law requires companies to keep records of their economic activity to track their finances and prevent financial mismanagement. Financial Statement Analysis Financial statement analysis involves analysing a company’s financial statements to make business decisions. External investors and stakeholders use it to understand the […]
Every business requires to have capital in hand so that it can perform the daily business activities. This fund or capital for daily use is known as the working capital. This Working Capital needs to be managed properly as if the working capital is affected, and the business activities could be hampered, which will, in […]
A scheduled internal audit allows you to gauge the effectiveness of your business’s internal control system. An internal audit occurs once or twice every year. An internal audit helps uncover internal control weaknesses and evidence of fraud, wastage or abuse of company resources. Internal audits also help in effective risk management (Read all about Importance of […]
The goal of every taxpayer is to attenuate Tax Liability. To accomplish this objective taxpayer may resort to the following Three Methods : 1. Tax Planning 2. Tax Avoidance 3. Tax Evasion Now let us discuss the essential method to manage tax liability i:e Tax Planning Tax planning Tax planning is all about analyzing the […]
An organizations financial reporting standard determines the transparency that the company maintains with its board members and primary shareholders, but what it lacks to determine is the crucial intricacies in outlining the cashflows both in terms of influx and outflow of capital. Such a form of detailing can only be generated from close analysis and […]
The dawn of the world of the internet and technology has opened many doors to others, making things easier. The emergence of freelancing gave people the ability to work at home’s comfort, or wherever they were, without even having to move to an office. As a result, the hustle and struggle of going to work every day are scraped […]
Be it a small mom and pop business, a retail chain, a Fortune 500 company, a government programme or a financial agency, all of them require regular, strategic, and comprehensive audits to track an organisation’s financials. Below are the major differences between regulatory audit, statutory audit & performance audit: Regulatory Audit A regulatory audit aims to […]
Every business in the world needs funds to function, and as the company grows, the management needs to give more thought to the capital structure of the company. The primary objective of every business is to maximize the value of the firm, which will, in turn, increase the profitability of the shareholders. One of the […]
Taxes play a very important role in a business and managing these taxes can mean the difference between the existence or liquidation of a business. each jurisdiction has its own rules and regulation for taxation and o understand and comply with these rules and regulations is the most important thing for a business. If there […]
To know about the financial health of the company is very important. There are many factors that should be considered while analyzing and describing the health of the company. to perform this activity, ratio analysis is used. There are many types of the ratio which are used to talk about the financial health of the […]
