Books covering the specialty of Finance deliver an extraordinary method of learning the intricate details of Business Finance and at an essentially lower cost than taking, for instance, an expert Finance Course. Through a book, you get a high measure of analysis in a generally short measure of time, and it is probably an ideal […]
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Regardless of how great a person is, it is continually essential to continue learning, and being a CFO one should also discover the consistently changing business demands. The below guide will reveal the 10 best books that each CFO needs to go through to be better. The composition is done by the best financial specialists
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What is Consignment Inventory? Consignment inventory refers to any stock that a company has the legal rights to but does not hold. Usually, another company, known as the consignee, keeps the stock. Although another company holds the goods, the risks and rewards associated with the inventory remain with the owner. The concept of consignment inventory
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For most companies, non-current assets play a significant role in long-term survival and revenue generation. Companies utilize these assets to help in manufacturing products, attracting customers, creating value, etc. These are all necessary to increase profitability over several periods. Non-current assets come as a result of capital expenditure. Companies incur these expenses to obtain benefits
How to Account for Land Improvements? Read More »
A cost is an expenditure that companies must incur to produce or sell their products. It may also include investment in assets and bringing them to a usable condition. For companies, costs may come from various sources and in different forms. In management and cost accounting, analyzing costs is crucial for obtaining further information about
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Inventory represents any goods or stock that companies sell or produce. Usually, inventories go through a conversion process before coming to their finished form. In some cases, however, companies may sell products as acquired from suppliers. Either way, inventories represent the primary income source for companies that deal in physical stock. Inventories are a part
What is Economic Order Quantity (EOQ) and How to Calculate It? Read More »
Cash is one of the most critical assets for companies and businesses. A proper cash management system can help companies survive in the long run. These may include various procedures that can be a part of a company’s cash management system. Usually, companies divide cash into two categories. These include cash in the bank and
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Companies that deal in physical stock must always keep their stock replenished to generate revenues. It is crucial to do so as customers will require suppliers to provide their supplies whenever needed. However, the same may not apply to all companies as some may deal on a job-basis. Nonetheless, for most other companies, maintaining a
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What is Variance Analysis? Variance analysis is a process used by companies to identify any inefficiencies or deviations from a plan or budget. They do so by first establishing a budget and then comparing actual performances with it. By doing so, companies can identify any deficiencies in their operations and, sometimes, the budgets. This process
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What is Variance Analysis? Variance analysis is the process of calculating and analyzing any differences in budgeted and actual performances. It is a tool that companies use to monitor and control their costs. However, it only takes a reactive approach to controlling, which means that it cannot prevent problems. Despite that, variance analysis plays a
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