Unleashing the Power of P&L Statements for Small Businesses As a small business owner, you’re likely navigating a complex landscape, where every decision impacts your bottom line. A powerful tool to navigate this terrain is the Profit and Loss (P&L) statement, a financial compass that provides a clear direction for your business’s growth. Decoding the … Read more
Master Financial Statement Analysis Key Financial Statements Explained: Income Statement Tracks profitability over a specific time period. Key metrics: Revenue, Cost of Goods Sold (COGS), Gross Profit, Operating Expenses, Operating Income, Net Income, Earnings Per Share (EPS). Understanding the Income Statement An income statement, also known as a profit and loss statement, provides insight into … Read more
Accounting Reporting System Accounting system is the information system in control of the processing of information that is important to managers in controlling important processes in the firm. The information handling phase of any accounting system consists of the complete structure of routines connected to following financial information: collection of information categorization of information handling … Read more
What is The Difference Between Qualified Audit Report and Unqualified Audit Report? In the audit involvement, an auditor offers his / her viewpoint on financial data shared through your company. The main auditor report is essential aspect of the organization’s audited financial report. In the end of audit involvement, an auditor communicates his viewpoint … Read more
Management tips and tools this week: Quality Plan for Construction Projects posted in: Management, Project Management, Quality Management Construction Projects Quality Plan In a highly regulated industry like construction a quality plan is necessary to not just keep workers safe. But to ensure that the project is carried out consistently and it’s in compliance … Read more
Business Analysis Valuation Financial Statements At times analyzing companies is no easy job. Despite the fact that the top analysts at Wall Street usually rake in millions yearly there is always a lot of pressure on their shoulders to perform. One mistake even in a single value can cause a hedge fund, bank or other … Read more
Last week we brought you Mr Dashboard Weekly [July 11], and with so much more exciting content to show you, we just couldn’t resist bringing all our business tips together once again. Each and every day our tantalizing team brings you articles that can excel, and vastly improve your booming business. We realize that … Read more
How to Read Financial Statements and Quickly Understand Financial Results Reading financial statement can be tricky to someone with little or no knowledge of financial statements. Even the seasoned professionals require reminder on how to read financial statements. The facts about reading financial statements helps one grasp an idea of what is contained in company … Read more
Small Business Financial Statements and Reports Templates While talking with a group of friends, a novice golfer claimed that he had more fun playing golf when he didn’t keep score. Many small business owners may feel the same way about their finances. Often they are afraid to keep score, afraid of what the numbers may … Read more