What are Financial Statements?
Financial statements are the statements that provide the financial performance of an organization at the end of a financial year. It represents a formal record… Read More »What are Financial Statements?
Business Accounts
What are Liabilities?
Liabilities are recorded on the right-hand side of the balance sheet, which includes different types of loans, creditors, lenders, and suppliers. They can be of… Read More »What are Liabilities?
What are Tangible Assets?
Tangible assets are assets That have a definite monetary value and physical form. Tangible assets are of much importance to a business as they hold… Read More »What are Tangible Assets?
What are Intangible Assets?
Intangible assets are assets that are not physical in nature. Goodwill, brand recognition, and intellectual property, such as patents, trademarks, and copyrights are all considered… Read More »What are Intangible Assets?
What are Current Assets?
Current assets are assets that a company holds and can be easily sold or consumed and further lead to the conversion of liquid cash. For… Read More »What are Current Assets?
What is Goodwill?
Goodwill is an intangible asset of the company. The value of a company’s brand name, solid customer base, good customer relations, good employee relations, and… Read More »What is Goodwill?
What are Fixed Assets?
Fixed assets are the long-term tangible assets that are used by businesses in generating income. Fixed assets provide the firm with long term financial gain… Read More »What are Fixed Assets?
Methods of Pricing Material
Methods of Pricing materials may be grouped under 3 broad categories. They are 1. At Cost Methods 2. Average Cost Methods 3. Notional Price Methods.… Read More »Methods of Pricing Material
What are Business Functions?
Business Functions are a set of rules, operation and process or operation that is performed routinely to carry out a part of the mission of… Read More »What are Business Functions?
What is Bail-In?
A bail-in provides relief to a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors. A… Read More »What is Bail-In?