Review and investigation of financial statements and reports are called auditing. The reports and statements can be of any nature like revenue reports, expense reports,…
7 Types of Assets in an Organization
An asset is a resource of any sort, tangible or intangible variety, that is owned by businesses and that is believed to produce positive economic…
How To Become A Millionaire? 10 Steps to Become a Millionaire
Millionaire is a small word but has so much potential. Are you dreaming of becoming one in the near future? Are you waiting to cash…
How To Appear Rich? 10 Ways to Appear Rich in Front of Others
Money and success go hand in hand and if you want to appear rich you must alter your appearance to signify wealth. Being rich and…
8 Different Types of Cheques Used in Organizations and Banking
A cheque is an official instrument or a document that orders a bank to pay a certain amount of money, which is mentioned on the…
What is Credit Risk? 3 Types of Risks and How to Manage Them
What is Credit Risk? The default risk on a debt that arises from a borrower who fails to make the required payments is called Credit…
How To Attract Money? 10 Ways to Attract Money
Everyone is infatuated with money and want to find ways and means to attract it towards themselves. Money has become as important as breathing because…
How To Attract Wealth? 10 Ways to Attract Wealth
The pathway to wealth is elusive hence needs a lot of sheer determination from an individual to travel successfully. In order to lead a stress-free…
What are the Objectives Of Accounting?
Accounting is one of the pillars of an organization and assumes a lot of importance when it comes to the growth of an organization. Accounting…
13 Types of Bill of Lading
What is Bill of Lading? In simple words, Bill of Lading is nothing but a receipt. The word Lading means loading which is read from…
How To Approach Investors? 10 Ways to Approach Investors
Money is the reason for any business venture and the fact is that at one time or another you may require assistance for outside infusion…
10 Types of Budget that exist for Businesses
Budget is defined as a plan, financial in nature, for a predefined period usually for a period of one year. For example, a sum of…
What is Portfolio Analysis?
A financial term Portfolio Analysis, is primarily the study of certain portfolio regarding its performance, ROI and associated risks. The study or analysis is conducted…
Triple Bottom Line (TBL) Definition Concept
The Triple Bottom Line Concept (TBL) framework or theory broadens the focus of the business on social and environmental factors and not only on the…
Scenario Analysis
Scenario Analysis can be defined as the process of estimating the futuristic and expected value of the portfolio after the specific fulcrum of time frame….
Moving Average Price
Any business that sells products is bound to keep an inventory of its products. To keep track of its inventory and for price control, business…
The Ability to Pay Principle
Taxation is basically a disciplined process through which an imposing agency, especially government manages to levy taxes. Taxation is actually a strategy to generate revenue…
What is fixed expenses ? Examples of Variable Costs
The expenses that occur in businesses are classified into two types – fixed expenses and variable expenses. Fixed expenses are those expenses that do not…
Variable Expense
The expenses that occur in businesses are classified into two types – fixed expenses and variable expenses. Fixed expenses are those expenses that do not…
4 Financial Statements Used In Accounting
Business financial reporting as periodically recommended is made possible by the four most important financial statements required by GAAP. These include; the Balance Sheet (a…
Types Of Warranty and their meaning
A warranty is a promise or guarantees to provide some assurance from one party to another that certain conditions or even facts are true. If…
What Is Time Value Of Money? Time Value Of Money Explained
Time value of money (TVM) is a financial concept concept widely used in businesses and investing and it is used to estimate the value of…
What Is Gross Profit Margin And How To Calculate Gross Profit?
In a company, matters to do with finance play an integral role in determining the direction of the business. It is always prudent for the…
