Small businesses can manage accounting efficiently using automated software, which simplifies tasks, reduces errors and provides real-time data driven financial insights.
Having the right financial information is indeed crucial for both personal and professional growth. It’s fascinating how mastering financial objectives can transform someone into a better decision-maker.
GST stands for ‘Goods and Services Tax’. It is a One Nation One Tax. GST was introduced with the intent to demolish the cascading effect which was prevalent before its introduction.
Capital expenditure is that expenditure which generally results in the acquisition of an asset and further helps the business to improve its earning capacity and resource optimisation whereas, any expenditure which is not a capital expenditure and which is incurred for carrying out the day-to-day activities of the business is known as revenue expenditure.
Final accounts, also known as financial statements, are a set of reports prepared at the end of an accounting period to summarize a company’s financial performance and position. They provide a comprehensive overview of a company’s financial health to stakeholders like management, owners, and investors. The main components of final accounts include the Trading and Profit & Loss Account and the Balance Sheet.
In order to be well versed in the subject matter of accounting one must have a clear understanding of the following common business expressions which are commonly used in the business accounting.
Building a successful, fundamentally sound, financially strong, promising, great reputational and generational business, there needs to be a decent cash inflow
Having the right and accurate financial information can be a game changer element in your personal as well as professional life, it not only helps individuals master their personal financial objectives but also helps them to be better capital allocators, financial controllers, financial managers, entrepreneurs, company owners.
The takeover code is a set of rules and regulations that govern the process of acquiring control of publicly traded companies. The takeover code is typically enforced by a regulatory body or securities exchange primarily designed with the motive that any change of control of a public company is conducted in a fair and transparent manner, thereby, protecting the interest of all the stakeholders like the shareholders, employees, customers and the management.
Corporate restructuring is primarily undertaken with the goal of improving the company’s efficiency, profitability, enhancing competitiveness, strategic focus & alignment, excellence execution, focusing on the core operational activities and making sure that the company performs at its best with a stable and secure financial position. It involves strategic changes undertaken with the ultimate aim of improving the overall performance and value of the company.
Building a great and effective business needs a strategic framework and an excellent execution system on a consistent and continuous basis.
Great leaders are great planners who can analyse a given situation and build an ecosystem to reach the end potential.
Leaders are the ones who show and create the path for the members, they are the ones who create the strong work ethic with the set of goals to achieve and delegative the work and responsibilities accordingly.
Leadership is a skill which helps people channelise the actions through someone towards the right direction. Effective leadership and motivational strategies can provide individuals with the range of insights that are applied in various personal and professional settings.
The financial manager is a person who is a professional/expert in the field of finance and looks after the fiscal affairs and financial health of the business organisation.
He/she is responsible for the various financial transactions, decisions, deployment of cash, return on investment (ROI), cash inflows and outflows.
What Is Strategic Financial Management? Features Of Strategic Financial Management: The Key Components of Strategic Financial Management: Financial Planning: Strategic financial management involves recognising the financial goals and objectives of the business organisation and creating a plan of action to atain those goals. Investment: Making strategic long term investments, and appropriate allocation of funds, while … Read more