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Blogs

20 Nov

Posted at 13:24h in Blogs

Accounting Information Systems (AIS) is for the benefit of accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies, a company uses an accounting information system (AIS) to gather, store, manage, process, retrieve, and report its financial data. To assure the highest...

18 Nov

Posted at 13:58h in Blogs

Five Characteristics of CEOs, What characteristics would you choose to include if you had to condense the ideal attributes of a CEO to just five? Many people would say that leadership, self-assurance, and communication are crucial qualities for a CEO. Do they, however, make a...

13 Nov

Posted at 11:44h in Blogs

The cost of manufacturing each product is calculated using the job order technique of pricing. This job order costing method is typically used when the producer has to determine the cost of performing a specific task while producing a number of items that differ from...

11 Nov

Posted at 11:11h in Blogs

Offshore Accounting is One of the most sought-after services in the sector remains. Many businesses were able to outsource and carry on with business as usual during the pandemic. Your company may benefit from this as they adapt to the new normal. What is offshore accounting? When...

28 Oct

Posted at 10:19h in Blogs

Collusion in Auditing, Collusion ensues when two or more parties that ordinarily compete covertly decide to work together to achieve an advantage. The usual approach is to either curb supplies of goods in order to drive up prices or to set artificially high prices. Cases of...

10 Oct

Posted at 17:19h in Blogs

Although offshore accounting has grown in popularity over the years, this sort of banking is characteristically observed with suspicion. Today, the capacity to bank offshore and internationally is easier than ever before. There are benefits to this type of accounting but there are some drawbacks...

01 Oct

Posted at 16:34h in Blogs

First Lets see what is Internal and External Audit Means: What is an Internal Audit? Internal audit implies the department positioned within a business that supervises the efficiency of its processes and controls. The internal audit function is particularly essential in larger organizations with high levels of...

09 Sep

Posted at 08:52h in Blogs

Current Role of Internet Banking in Society, The world is fluctuating at an overwhelming rate and technology is considered to be the significant driver of these deviations around us. A scrutiny of technology and its uses show that it has infused almost every facet of...

08 Sep

Posted at 05:39h in Blogs

Monetary unit assumption affirms that only transactions which can be computed in financial terms are documented in a company’s books of accounts. If a transaction cannot be articulated in dollar value, it should not be incorporated in the company’s financial books. It is believed to...

08 Sep

Posted at 05:22h in Blogs

Strategies for Transparent Organizational Finances, We live in a globalised world where there is larger interconnectedness between people in addition to borders. People now anticipate organisations and businesses to demonstrate ways that better transparency can be accomplishd. Transparency mustn’t be an afterthought when looking at ways...

22 Aug

Posted at 22:51h in Blogs

The term Profit and Loss Statement implies a financial statement that encapsulates the revenues, costs, and expenses sustained during a specified period, generally a quarter or fiscal year. These records offer information about a company's capacity or incapacity to produce profit by surging revenue, decreasing costs, or both. P&L statements...