All the little nuances and concepts in finance and accounts
So, you start reading the annual reports of a company and tabulating the numbers. While you punch in those numbers and believe this is a great company? But what if I told you that you might feel great because the…
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…
Financial management plays a crucial role in ensuring the long-term success of any organization. It involves making strategic decisions to optimize financial resources and achieve specific goals. In this article, we will explore two key long-run objectives of financial management:…
While checking or analysing financial statements, we always do find the word prepaid expenses journal entry, followed by either rent, expense or insurance. Also, We will simplify this in this simple article with examples to calculate prepaid expenses journal entry.…
Cash and cash equivalents, is a line item in the balance sheet of a company signifying either cash in bank or very short term investments. What are Cash Equivalents? Cash & cash Equivalents are investment securities that are made for…
Understanding this basic components of the accounting equation formula can make your life simpler with finance and accounting in general. Whether you are a CA candidate or a financial analyst? Maybe you are a non-finance student facing this horrific concept.…
Utility expenses, as the word suggests, are expenses related to basic amenities associated with running an establishment or a home. For e.g., electricity, fuel, phone or water. Now you may think that’s correct, but how do we categorize them in…
Author: Sarthak Bhalerao Table of Contents What is Fraud? What is a Fraud Triangle? Components of the Fraud Triangle How can the fraud triangle help to identify fraud and avoid it? Conclusion What is Fraud? Fraud refers to a deception…
Non-monetary assets are assets that have value but cannot be converted into cash or money. What are Non-Monetary Assets? Non-monetary assets are the assets a company has whose exact monetary value cannot be determined precisely. The value of these assets…
Author: Sarthak Bhalerao Table of Contents What is Trade Credit? Understanding Trade Credit Credit period Credit analysis Advantages and Disadvantages of Trade Credit What is Trade Credit? Trade credit, in commercial finance, is an agreement between parties in which the…
Author: Sarthak Bhalerao Introduction In this article, we will be explaining what the Working Capital cycle means and how you can help your business by having greater control over your affairs and transactions, letting you navigate every business aspect. Find…