Audit comes in as a way of verifying if the entries and financial statements of an entity shows truthfully and...
Entrepreneurs must learn to be unique in their own ways. This helps customers and other stakeholders to see the business...
When cost is abnormal, it is definitely going against management wishes. Although, such expenses can be avoided most times. It...
Businesses are usually classified based on ownership. In this instance, there are sole traders, partnership, company, cooperative and public enterprises....
The term applied to all International Financial Reporting Standards (IFRS). However, the first mention of this term Impracticable is in...
Turnover is an important metric of any business. Although it is mostly used in trading firms, the term is applicable...
In the last few articles under this category, different types of errors have been explained. Mistakes have their kinds. Therefore,...
It is a must for citizens either individuals or corporations to pay taxes as stipulated by the laws. The taxes...
An Accounting Information system (AIS) begins with data collection. In every entity facts must be collected. Then, it is processed...
For a business, keeping certain funds as reserve is like saving for the rainy days. Businesses are stronger when they...