Liquidity ratios are used to measure an entity’s ability to fulfill its financial obligations in the short-term, i.e. they are measures of a firm’s liquidity. In layman terms, this translates into ready cash or instruments that can realize cash readily. Short-term here refers to a period of 12 months or less. Two of the most [...]
It has happened again, and again in a very big way. I am sure you have heard the news that General Motors has announced they are closing plants and letting some 30,000 people go. Some they will be able to relocate, some they won’t. Ford announced they are laying off over 4,000 people as well. [...]
It has been a debate forever about the role of a Manager and what knowledge and skills does a manager need to possess to be effective in his/her role? When we talk about the role of a manager, it is the context of the business environment and what are they expected to do? There may [...]
Companies these days need to keep up with the fast paced business trends to maintain their market position. In a business, maintaining skills, meeting deadlines and developing your services are just some of the priorities you need to sustain in your company. What some companies overlook is maintaining their records and bookkeeping. Since this requires [...]
Energy efficiency has become one of the popular buzzwords in today’s environmentally-conscious business landscape. From small businesses to large-scale enterprises, increased awareness of environmental concerns, corporate responsibility, and the need to develop cost-efficient business operations has led many organizations to establish energy management initiatives.Inefficient energy use can lead
Online jobs are the most common and easiest form of employment and any computer literate can get to work and earn a considerable amount of money. One may ask, does it mean that the professionals are running out of work because of the arrival of this job opportunity? No is the answer to this question [...]
It is important that you choose accounting software that is both suitable for your business, and is easy for your employees or yourself to use. Manual accounting can be very time-consuming, and is also prone to human error. No matter how experienced a traditional accountant is, he or she can still make mistakes that software [...]
ABSTRACT: Every investment activity involves higher degree of risk than investment in bank savings accounts or government bonds. But the investor of the business expects a high degree of return as he assumes high degree of risk. The source of the return is the profit earned from the operations of the business. Therefore, the corporate [...]
The advent of electronic business has seen an increase in competition between firms plying their trades online. As a result, there has been a development designed to help these businesses streamline their paper-related systems and increase their productivity; this is the concept known as net accounting or e-accounting. But how does exactly does it work [...]
Don’t know your debits from your credits? Here’s a quick primer on how basic bookkeeping works and an easy way to understand debits and credits.First, know that debits are not “deductions” and credits are not “increases”. Debit and credit are the names of the columns on bookkeeping ledgers (debit is the column on the left [...]
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