Accounting

What is Ledger Balance? Definition, Examples, Importance, Characteristics

Every day, a bank computes the ledger balance of its accounts. The total amount of a bank account includes both withdrawals and deposits. Let us look into what is ledger balance definition, examples, importance and characteristics in the topic below. The following morning, the closing balance becomes the opening balance, and it remains unaltered throughout …

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What is a Liquid Asset? Definition, Examples, Overview

Liquid assets are those that can be quickly converted to cash without sacrificing value. Keep a portion of your cash liquid to cover living expenditures and unforeseen expenses. Consider the following examples of liquidity in the form of a frequency spectrum: Certain assets, depending on their worth, can be converted more quickly than others. Illiquid …

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Small Vs. Big Accounting Firms In Auckland – The Pros And Cons

The Big accounting firms are the dream of many young accountants, yet this may not be the best long-term career choice due to their drawbacks, disadvantages and cons of big accounting firms. Another option is to compare and contrast the benefits, advantages and pros of small accounting firm and large accounting firm. In this topic …

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What Does CFO Does? Definition, Roles and Responsibilities

For those who study and work in accounting and finance, becoming the CFO (Chief Financial Officer) of a company is often a continuing goal. Even those experienced with bookkeeping may wonder: what does a CFO do? The CFO is critical for any company’s C-suite and directly influences the large-scale outcomes of the company. For larger …

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Top 10 – Limitations of Financial Statement

Limitations of financial statement are those variables that should be examined by a user before putting too much trust on financial statements. Financial statement limits are defined as follows: Knowing about these characteristics may result in a reduction in the amount of money invested in a company or the taking of further actions to investigate …

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Top 10 – Best Mid Cap Stocks to Buy for Long Term in India 2022

There are people who keep on asking which is the best mid cap stocks to buy and hold or best mid cap stocks for long term investment in India 2022. As mostly everyone is only aware of it that top mid cap stocks with highest upside potential in India 2022 gives higher returns then large …

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Income Tax Slab, Deductions, Limitations in India – A.Y. 2021-22

Most of the people don’t know that they are paying tax on everything. Here we are going see about income tax slab for financial year (FY) 2020-21 under new tax regime as well as under old tax structure, income tax deductions for assessment year (AY) 2021-22, 80C deduction for FY 2020-2021, income tax exemptions, limitations …

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Top Tips – How to Choose a Good Accountant for Your Business

Businesses need to grow, and you cannot work alone. At some point, you will need assistants to help you with managing and driving the growth process. When you need an accountant, it is clear that you see positive performance. You need someone to tabulate and keep your business financial records so that you have enough …

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What is Managerial Accounting? Definition, Role, Job and Objectives

Introduction to Managerial Accounting: Financial management is integral part of overall management. Managerial Accounting is also called as Management Accounting. Managerial finance deals with the managerial significance of finance assessments to determine the effectiveness of the business internally and externally. Questions asked in an annual report depicts the very difference between a managerial and a …

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Financial Ratio Definition, Examples and Ratio Analysis Interpretation

Financial Ratio Definition: The financial ratio or financial indicators are coefficients or reasons that provide financial and accounting units of measurement and comparison, through which, the ratio (division) together two data direct financial, allow analyzing the state current or past an organization to function at optimum levels defined for it. The Financial Ratios are comparable …

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