Finance

Hire A Bookkeeper: Starting a business and managing it is not as easy as you may think it is. In ensuring that your business is a success, you want to make sure every area or aspect of the business from marketing, operating, human…

India witnesses a significant growth of startups. Now the startups are stepping into semi urban and rural area as well. Managing finance of a startup is the key to success. Financial management of a startup is not like same as of an…

The 2008 financial crisis, numerous advancements in technology and cross border trading have led to increased regulatory scrutiny and regulation. This has subsequently led to increased Financial Compliance which has increased the…

Trial Balance - We know that the fundamental principle of Double Entry System id accounting is that for every debit, there must be a corresponding credit, thus, for every debit or a series of debits given to one or several accounts, there…

Value Added statement is another form of understanding performance or profitability of an enterprise. It shows how the benefits of the efforts of an enterprise are shared between employees, providers of finance, the state and towards and…

Accrual Concept - Accrual means recognition of revenue and costs as they are earned or incurred and not as money is received or paid. Expenses accrue when benefit is received and income is accrued when benefit is given. Accrual…

A contingent asset may be defined as a possible asset that arises from past events and whose existence will be confirmed only after occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the…

An introduction to Cost Engineering: No one who has responsibility for managing major, complex, high-tech programmes with a high development content will dispute the importance of the cost and financial aspects involved in the projects, or…

Capital Structure Meaning: What is Capital Structure? & Various Types of Capital Structure. When we plan to invest in a project, we also need to plan about procuring funds. And, procuring funds is not the end; we also need to decide…

Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which is carried forward on the presumption that it will be of benefit over a subsequent period or periods. In short, it refers to…

Entity concept states that business enterprise is a separate identity apart from its owner. Accountants should treat a business as distinct from its owner. Business transactions are recorded in the business books of accounts and owner’s…

Need for BI Tool : Data generation and management is very crucial in a growing business. It becomes very difficult to manage the data generated regularly while a business is in a Growing Phase . This in turn creates a roadblock for…