Do you know the expected credit losses for your business? If it is known, you will have better risk mitigation plans developed to minimize such losses as much as possible. CECL or Current Expected Credit Loss is such accounting standard introduced by FASB (Financial Accounting Standards Board), a new standard for measuring expected credit losses …
Read moreCurrent expected credit loss is a new reliable method
It is bliss to have a roof above your head, and share experiences of life, ups, and downs with your dear ones. House is where you live, you create your own small world aloof from the world. House property has made house owners millionaires due to a sharp spike in house property prices with the …
Read moreCalculate Income from house property yourself in easy way
Let’s say you want to buy a mobile phone, but you don’t have cash in hand. You need to wait until month-end when the salary gets credited to your account. You lose patience and ask for money from your friend. He helps you on the condition to return the money within a month. You are …
Struggling to find the right strategy to help your business sail through? Discover Space Matrix tool which helps you build strategies after careful analysis of factors influencing your business. Business decisions are the tricky and careful formulation of strategy is vital else it may backfire on you, throwing you out of the business forever. Let …
Read moreSpace Matrix – Know unique tool for business strategy
Suddenly the share price falls, wiping off your investment in that share. Sad right, same is the case with foreign exchange transactions. Just like the stock market where prices are volatile and fluctuate every now and then. Foreign exchange rates also fluctuate and change responding to internal and external factors. Translation exposure is a risk …
Read moreHow to deal with Translation risk exposure in no time?
When a company along with a profit-making business indulges in social activities to improve the lives of people is called CSR. It may either do so by providing free product samples in rural areas or funding schools to provide free child education in remote areas. In the process of undertaking activities of CSR, it gains …
Read moreActivities of CSR if undertaken by companies will boost sale
Thinking why your business is yet to turn profitable? Try deep diving to know if the financial management practices you follow are compliant with the objectives of financial management? Financial management is mainly concerned with managing overall financial activities in the most optimal way to maximize your profits while mitigating risks at all levels. It …
Read moreHow are the objectives of Financial Management useful?
Still, waiting for your yearly salary hike letter from your Boss? Well, your Boss might be busy calibrating you against the set KPI for employees. How much importance do these KPIs hold, that they ultimately decide your take-home salary? Top-level management determines Smart KPI for their company to make it easier to track their performance …
Lemon and sweet lime may look almost the same except for their size, but they do not taste the same. While one may taste bitter, the other will taste sweeter. Similarly, just because cost accounting and financial accounting come from the same family, it does not mean that they are one and the same. The …
Read moreProven Difference between cost and financial accounting How?
You cannot hold, pause or fast-forward the time you are living in. If Time is married to Money, the bond is sure to make you rich in the future. Time waits for none while money stays with none. Money is sure to grow with time where compounding acts as a catalyst and aids in money’s …
