Financial StatementsAs a Chartered Accountant in public practice, I have provided assurance on roughly 500 sets of financial statements more than the last 10 years. A money flow statement, also identified as statement of money flows, is a economic statement that shows how modifications in balance sheet accounts and earnings impact cash and money equivalents, and breaks the evaluation down to operating, investing and financing activities.

They could use either of two accounting techniques : accrual accounting , or price accounting, or a combination of the two ( OCBOA ). A comprehensive set of chart of accounts is also used that is substantially distinctive from the chart of a profit-oriented business enterprise.

Current Liabilities are accounts-, and notes-, taxes payable to economic institutions, accrued expenditures (eg.: wages, salaries), present payment (due inside 1 year) of extended-term debts, and other obligations to creditors due inside a single year.

Economic institutions (banks and … READ MORE ...

The integrity and authenticity of any business requires transparency, in compliance with the regulations governed by the state, which is why there are standard procedures in place to initiate the formation of any business. Regardless of your business’s structure, whether it is a corporation or a Limited Liability Company, there are two basic steps to finish off the official company formation process. You, the business owner, will need to file in initial formation documents for the state that your business is located in. Secondly, you will need to appoint a registered agent for yourself.

Annual Business Report

Most of the states also require you to file an annual business report. This report consists of all the relevant information concerning your business. They may include things such as the address of the company’s head office, name and addresses of the managers, identification numbers for your business, the purpose of business, … READ MORE ...

Marketing Technology TypesIt’s recognized as the new frontier – a location where you can venture forth and reap great rewards. Shel Holtz of Holtz Communication + Technologies explains the importance of info in the B2B globe: In the B2B space, it is significant for marketers to have an understanding of that prospects engage in a lot of study prior to selecting corporations to speak to as doable suppliers.

The influence and possibilities wearable technology’s such as Fitbit and Jaw bone present and conversely the potential dangers linked with these sorts of tracking and information collection along with alterations to laws around how this data can be applied implies we are set for a difficult time ahead.

In truth, some would argue that reaching a a lot more targeted audience iteratively is a far more clear definition of Digital Marketing and advertising – and I would agree mainly because an iterative method to … READ MORE ...

Are there Benefits of Hiring a Financial Advisor ?

If you are among the many self-directed investors who mainly get a sinking feeling each time they receive a brokerage statement on their mail, you might need to engage the services of a qualified financial advisor. Financial advisors came into being before internet and before global recessions. Even though markets have managed to come back, the economy is still struggling and experts have not agreed on whether recession has ended. Most people are in a state of confusion and have difficulties selecting the best investments to make.

What’s more, some people find themselves in a decision making paralysis state and as a result, do nothing for the fear of coming up with a bad decision. Such a trend is more likely to cause a failure.

How a financial advisor will help you:

  • The first thing a financial advisor will do is to get your financial statement and look at it.
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Phishing attacks are becoming more common with larger companies as well as small. Recently, big companies like eBay, HMRC and Apple have all been targets of phishing attacks. It can feel unnerving because you are forced to feel untrustworthy towards whatever email you receive in the future. However, when your company is the victim of the attack, it can feel like a different story. Here are some tips for how to respond when your company has fallen victim to phishing:

Stay calm and gather the facts

When you first hear about a phishing attack, you may want to panic. It feels like you need to act quickly, and you do – but you need to be calm and concise about it. So first, gather the facts. What do you know at this stage? What are the signs you have been hacked? Is data currently secure? Is the leak ongoing? You … READ MORE ...