Most businesses and organizations have started incorporating information technology into their financial systems. These systems have become more efficient and effective as a result. Apart from financial systems, information technology is prevalent in all business areas. While this has made many processes much more simplistic, it has also introduced some challenges. One such challenge applies […]
Dividends refer to payments that are made by a company to its shareholders from its accumulated distributable earnings. The dividends will either be in cash or in some kind of consideration (i-e; stocks, shares of a listed company, etc). When a corporation issues a dividend of its common stock to its common shareholders without any
Accounting for Small Stock Dividend Read More »
An audit is a process that involves the independent examination of an entity’s financial information. Similarly, audits require an independent party known as the auditor. Auditors are professionals who examine an entity’s financial information with an objective. This objective may differ according to the specific audit engagement which an auditor undertakes. In this article, we
Two Key Roles of Internal Audit Function Read More »
Technology has become a prominent part of the business. Most companies have invested a large portion of their resources into technology, expecting high returns in the future. Furthermore, these investments come in the form of time, money, employees, and much more. In exchange, companies have also gained many benefits from doing so. Investing in technology
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Auditors are professionals who examine a company’s financial information. Usually, they have a specific goal for which they investigate this information. During this process, they collect evidence which they can use to form an opinion based on the audit objective. Once they do so, they provide their findings in the form of a report that
Contents of the Internal Audit Report: All You Need to Know! Read More »
For most companies, auditing includes the process of auditors examining their financial statements. During this process, auditors gather evidence related to several areas. Firstly, it consists of evidence on whether the financial statements present a true and fair view of its operations. Similarly, it consists of ensuring these statements comply with the applicable financial reporting
Value for Money Audits (VFM) Read More »
Every company may have policies, rules, or principles which dictate how it functions. These policies differ for each company. However, there are some areas within companies that operate similarly. Furthermore, some areas within a company are critical and need proper attention. In this article, we cover the 8 importance of corporate governance. Before jumping into
8 Importance of Corporate Governance: All You Need to Know! Read More »
Bonds are typically fixed-income instruments. Step-up bonds are a special type of bond that comes with rising interest rates. These bonds offer a low-interest rate initially and then an increased interest rate after a specific period. It can come with a single interest rate rise or multiple interest rate increases. The interest rates can also
What is a Step-Up Bond? Read More »
An ocean bill of lading is a legal document or contract between the shipper and a carrier through waters. The document can be used as a legally binding instrument. It is also a useful document for the exporter that can be presented to the bank for clearance of payment such as through a letter of
Ocean Bill of Lading: Meaning, How It Works, Types and More Read More »
Mezzanine funds are a form of financing that comes with hybrid features of equity and debt. These are unsecured forms of financing and are considered risky. Hence, lenders often demand higher returns on these funds than normal debt instruments. Mezzanine funds can come as convertible financing instruments that are initially issued as a debt and
Mezzanine Fund: How Does Mezzanine Financing Work? Read More »
