In the course of business, various business strategies are used by the management to increase the efficiency and profitability of the company or to keep the company afloat. These business strategies depend on the way the management works, what message it wants to give to the people and what is the business environment around. One […]

For a business to run efficiently a businessman needs to invest capital in the company. this capital is further bifurcated into two different parts. These are Fixed capital and Working Capital. Both Fixed Capital and Working capital need to be present in a company. Moreover, the management should try to keep a balance between the […]

Good accounting practices have the power to make or break the business. If you own a small business or are just starting one, you might not require an in-depth accounting process, but as the company grows with time, the accounting process gets more and more complicated. Accounting is regarded as the language of business and […]

Accounting is considered as the language of the business as one can understand everything about the business by delving into the various accounting books of the company. with proper accounting, it is possible for a company to grow at a better rate and also assist in the judicious use of all the resources present with […]

A business has to face many problems such as changes in the business environment, change in the tastes and preferences of the customer, increase or decrease in competition and many others. Each of these problems requires in-depth study and research so that the business can survive such changes in the business environment. Every business is […]

In the business world, having correct and accurate information about the company provides an extra edge to the business. The management follows various rules and regulations and also prepares many kinds of reports so that it receives correct information about the company. One such report or statement is the Bank Reconciliation Statement (also known as […]

Accountancy is variously defined as preparing and maintaining financial records of a firm or company’s transactions. An Accountant’s job revolves around Analysing, Auditing and Assurance, such maintained records in accordance with the accepted principles and procedures of accounting. An Accountant is expected to have certain desirable qualities; these qualities make him either a great accountant […]

A company is like a person. You have to take constant care of it otherwise there may be many problems to be faced. Just as a person needs to have health check-ups at the interval, the business should also have check-ups of determining the financial health if the business. Knowing about the financial health of […]

Every businessman understands the importance of Accounting in a business. The collecting, processing, and presenting the financial information is of great importance as this will allow the management to understand the present financial condition and make future strategies for the business. Every business must follow proper accounting methods. There is a process of accounting, which […]

Creation and Maintenance of the financial records of a business are a very important function of a business. Information about a business helps the management to act on the present situation of the business and also assists in deciding a future path of the business. The information provided in these financial reports will determine the […]