What is Financial modeling
Investorline Financial modeling is the task of building an abstract representation (a model) of a financial decision making situation.This is a mathematical model designed to represent (a simplified version of) the…
Accounting: Understanding Your Assets
Current assets are the key assets that your business uses up during a 12-month period and will likely not be there the next year. The accounts that reflect current &…
A Crash Course On Understanding Financial Statements
Businesses operate to achieve various goals. To meet these goals a business must achieve two primary objectives: To earn a satisfactory profit and to remain solvent (be able to pay…
Business Owners: How To Keep Your Books Ready For The IRS
As a business owner, you should deposit all business receipts in a separate bank account. If possible, you should also make all disbursements by check. In regard to all business…
Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public’s interest.…
Bookkeeping process
The bookkeeping process refers primarily to recording the financial effects of financial transactions only into accounts. The variation between manual and any electronic accounting system stems from the latency between…
Bookkeeping
Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be…
What are Audits and what are its types?
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar…
What do you mean by Net present value?
Net present value In finance, the net present value (NPV) or net present worth (NPW)of a time series of cash flows, both incoming and outgoing, is defined as the sum…
What do you understand by Discounted cash flow?
Discounted cash flow In finance, discounted cash flow (DCF) analysis is a method of valuing a project, company, or asset using the concepts of the time value of money. All…