Demystifying Financial Reports: Understanding Foundational Financial Terminology Part 2
Welcome back to the second installment of our three-part series on demystifying financial reports. In this article, we will continue our journey through the world of finance by taking a closer look at the balance sheet and income statement. Just as we did in the first...
Demystifying Financial Reports: Understanding Foundational Financial Terminology – Part 1
Understanding financial reports can be a daunting task for clients, especially when financial managers use complex terminology. In this three-part article series, we aim to demystify financial reports and explain the key concepts and terminology financial managers...
cash or accrual accounting?
Sometimes the more “difficult” road leads to the greatest destination… We oftentimes meet new clients, have sit-down sessions to gain insight into the business and quickly realise that their accounting approach is cash based. Usually this is met with vigorous internal...
Financial Management Is Going Digital
Technology has changed the accounting industry drastically over the last decade. Gone are the days of pens and calculators used to balance the books and verify if ledgers are accurate. Accountants are no longer the number crunchers they are pictured to be. Instead,...
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