Financial reporting is the standard communication of financial results and other important financial information to the management and external entities (stakeholders, investors, and lenders) in the form of financial statements. Any business that had the privilege to grow to its potential owes it to the impeccable internal financial reporting process that helped the management to […]
The Corona Pandemic has forced the economy into a slump which can take at least a year to return to normalcy, considering the vaccine is around. The March and April have witnessed the US economy buckle like never before: the stock market sunk, the unemployment rate shot up faster than the 2008 recession as the […]
The financial crisis of 2008 is the biggest economic disaster to have hit the global economy since the great depression of the 1920s. Many large banks were obliterated in a single day, stock markets plummeted to an all-time low, jobs were lost, and unemployment was at an all-time high, and the global economy especially the […]
Few businesses in the world are as complex and as a large real estate investing businesses. High volume transactions, complex payment methods, volatile markets, price mismatches, cash and credit crunches, state rules, and regulations and whatnot, we are only scratching the surface here. Real-estate business, being one of the most complex and dynamic businesses in […]
As the world countries are gradually opening up their economies by making up with the Corona, a larger and more hostile challenge of economic recession looms over the world right now. Starting with China which has recorded a historic slump in the first quarter, all the major world economies are experiencing the tremors in their […]
The lockdown measures taken as the first line of defence against the Corona pandemic have severely impacted every business both large and small. The fallout of the economy has ensured a cash crunch for businesses to cover employee costs, rent, and other business costs incurred. It has quickly pushed the employers into unforeseen economic hardships […]
Do you know that the essential process of Bookkeeping dates back to as early as 8000 BC? And why not? Identifying, recording, storing, and retrieving financial information is an essential ingredient for any business to run smoothly and optimally. However, if your company is growing rapidly, it is very difficult to keep track of every […]
A business generally comprises of a number of operational processes. One of the most critical elements which a business organization must take into consideration is related to the aspect of finance. Finance along with marketing, human resource, and information technology comprises of the four pillars which every business demands upon. In order to maintain a […]
The United States has rolled out a slew of tax provisions for businesses in an effort to help the economy from backsliding even more. Tax refund updates and policy changes in combination with businesses loans and unemployment insurance are expected to work in tandem, to give a breather to businesses and individuals in terms of […]
Congress has passed the much-awaited Coronavirus Aid, Relief & Economic Security Act (CARES Act) to help individuals and businesses severely affected by economic damage that ensued due to the Coronavirus pandemic. The CARES Act entails a $2.2 Trillion emergency relief package that is infused into the economy by providing economic relief and aid to American […]
