Bookkeeping

As a result, a thorough understanding of these components and their implications is essential for anyone involved in or interested in the business. From a shareholder’s point of view, the Shareholders’ Equity Statement ensures transparency – a significant…

In other words, it matches expenses to related revenues to show the true profitability of the company during a specified time period. This idea states that all information that could affect a reader’s comprehension of a business’s financial…

If you don’t reconcile your accounts, you’ll spend more time and money fixing mistakes. Sometimes, items are recorded on one financial record but not the other. For example, you record an outstanding deposit in your books before it’s…

As a common stock shareholder, you’re allowed corporate voting rights. In simple terms, a shareholder is someone that owns shares of stock in a company. A share is a fractional ownership interest in a particular company. It’s possible…

Again, because the company doesn’t maintain a sizable stock inventory, it may be unable to meet the market demand on a timely basis. Consequently, the manufacturer orders the parts required to assemble the vehicles only after an order…

It is a field that provides you with knowledge and a particular set of skills that opens up multiple career options. Most importantly, as the Covid-19 pandemic stuck the world, businesses were suffering, the stock market was crashing,…

Favorable variance has positive impact on profit, but it means that company expect higher cost, so it leads to higher price. Company lose competitive advantage over pricing when setting too high price. Standard costs are sometimes referred to…

Every time we meet with a new business, we rediscover (together) the power of having the right information at your fingertips. StrategyKC helps you understand and leverage your company’s financials, giving you the insights you need to run…