Indirect tax is defined as a tax where the impact of the tax is shifted from the taxpayer to someone else. These are levied by…
Return on Sales (ROS) Definition – Formula and Examples
Definition Return on sales (ROS) is a financial ratio that shows how efficiently a company can generate operating profit from its revenue. A swelling Return…
What is Cash Flow Management? Importance and Tips
Cash Flow Management empowers you to check, assess, and adjust the cash-flow/income of your company in a manner that you do not face cash-crunch issues….
Financial Management – Objectives And Elements
Financial management means planning, organizing, controlling, and directing all the financial activities like procurement, funds utilization, etc. Financial management is applying the management principles to…
Net Sales – Meaning And Explanation Of Net Sales
What is Net sales? Net sales are the remaining sales that are left after subtracting the allowances, return, and sales discounts. A company reports its…
Income Statement | Formats, Examples and Structure
Every business and enterprise owner uses the income statement. It is considered as one of the essential financial statements. Apart from the income statement, the…
Cash Flow Statement | Definition and Explanation
Definition of Cash Flow Statement The statement of cash flow or cash flow statement is a financial statement that reflects the flow of cash in…
Balance Sheet – Definition and Examples
Definition of balance sheet A balance sheet can be defined as a financial statement of a company or an organization that contains liabilities, assets, and…
Break Even Analysis – Definition, Formula, Examples
Break Even Analysis is one of the financial tools that help in the calculation of the margin of safety of a new company or new…
What is Auditing? Four Phases Of The Audit Cycle
Definition The examination of the financial records of your business to verify their accuracy is called auditing. Auditing is performed by a systematic review of…
Merger Definition – Types And Examples
With the evolving times, the demands of customers are also evolving. Therefore, companies are required to adopt different strategies to serve their customers better. In…
19 Tips For Saving Money – Daily, Monthly and Long term
Are you looking for some easy and effective ways of saving money? Then this post is personalized to you. We will take you deep into…
How To Achieve Financial Stability?
Financial stability can be understood as a state in which the financial system and its three components (financial infrastructure, financial markets, and financial institutions) are…
Inside Sales – Definition, Approach, Benefits and Challenges
Sales are an integral part of every business. Different businesses opt for different types of sales methods depending on the types of products sold by…
Consumer Credit – Definition, Meaning, Advantages, Disadvantages
Consumer credit can be defined as a personal debt given to individuals for the purchase of goods and services. Under consumer credit, the money required…
