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Human is deemed to commit errors. Yet learning from them and not repeating them is something we tend to practice. In Accounting we need to detect errors and correct them. Let’s increase our Financial Quotient “FQ” by learning easy ways to find these types of accounting & bookkeeping errors & learn how to avoid them. …
Read moreEasy Steps to Detect Accounting & Bookkeeping Errors
With cash, comes purchasing power, liquidity, and cushion to absorb shocks. Cash Inflow and Outflow are important factors to determine the cash position of any firm. It is vital to meet short-term obligations. To understand the financial health of any company, financial analysis involves squeezing underlying information from the Cash flow statements or Fund Flow …
In Need of a loan? Want to get an assured loan quickly and easily? Then try offering secured collateral to the banks and get loans processed with a 90% guarantee. There are different types of collateral in secured form. Collateral is basically an assurance in the form of any asset which is of value to …
Imagine you go to a wedding party & start judging all based on looks, clothes, fashion sense, etc. Thus you are analyzing people around you based on various criteria right. Similarly, you can develop a futuristic opinion about the company’s performance by looking into its financial figures. Analysis of any Financial statement comprises of studying …
Read moreQuick Steps on How to do Financial statement analysis?
Let’s understand the concepts of Financial Markets and Institutions in detail. The structure of Financial markets and Institutions can help you understand how it works, differences in structure, and lots more. Formal and Informal Financial System As we all know the difference between a Parent’s Teacher Meeting and a Birthday party, same applies to the …
Read moreFinancial Markets and Institutions with comparisons
Consider you giving your car to your bestie with checklists to take care of. It may include To-Do List like keeping a petrol tank full, obeying traffic rules (positive debt covenants). It may also include a Not To Do list like No rash driving, No drink & drive (negative debt covenants). Similarly, a Debt or …
Imagine the House you own, or your parents own which will pass on to you in the future. If you decide to sell it today, it will fetch you money in return. Therefore that house becomes your Financial assets. The asset is something valuable that can fetch you money in return or gives you benefits. …
Different makeup products are used to enhance different body parts likewise we have different types of accounts categorizing the transactions under different heads. Each of these accounts forms the pillars of the Accounting transactions. Golden rules of Accounting or Bookkeeping rules lays the foundation of Journal Entries. Remembering the Golden Rules of Accounting is important …
Read moreGolden Rules of Accounting- secrets to remember them