The term “Z-Score” may be familiar to you if you are familiar with statistics. The number of standard deviations up or below a data point is known as the Z-Score in statistics. The Z-Score can be calculated in Excel, and…
The highest level of expertise in accounting is required to become a Certified Public Accountant (CPA). The test is given by the American Institute of Certified Public Accountants (AICPA), the largest accounting organization in the world. If you’re looking toward…
So, you have finally entered the top one per cent, who made it? After all, consider the millions who come and drop out every year. Also, please do not take yourself on a guilt trip, that you no longer have…
The diploma in IFRS or DIP IFRS international financial reporting standards is an international exam conducted by ACCA in 132 Countries. The qualification is recommended for accountants or auditors who frequently practice with MNC’s. It’s an open secret now that,…
MBS stands for mortgaged backed security,a synthetic security with underlying as mortgages or collection of mortgages. Full form of MBS In 2007, one of the worst credit crises in history was done by this intelligent security. By no means I…
Entrepreneurs, creators, and autonomous brands now operate in a local commerce environment where they must outcompete multinational corporations.Since the world is moving much more toward online retail, inventory activities are more efficient than ever.It’s challenging to manage your inventories. A…
A journalized transaction is one that includes the date, the account you’re debiting or crediting from, and a brief explanation of the transaction that took place. Journalizing transactions is the process of maintaining a record of all your business transactions…
We also refer to fast-moving consumer goods, or FMCG for short, as consumer packaged goods (CPG). You might have frequently purchased these goods on a daily basis, like biscuits, toothpaste, deodorants etc. While, I could also call it, Fast moving…
A simple way to understand an MDP is, a travel website which allows you to purchase air tickets from multiple airlines in one go. On the other hand a single platform provider is like going to a specific airline website…
The lifeblood of a business’s cash flow is its accounts receivable. So if you manage it well then it aids in managing cash flow by letting you know which clients owe you money and how much. In other words, accounts…