What is The Difference Between Gross and Net Income?

Gross income and net income are two important terms used in accounting and finance. Learn the difference between gross and net income, including how each is calculated and the implications for businesses and individuals.

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What is PEST Analysis?

A PEST Analysis is a powerful tool used to identify and analyze the external macro-environmental factors that may have an impact on an organization. Learn how to use PEST Analysis to identify potential risks and opportunities and develop strategies for success.

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How to Calculate After-tax Cost of Debt

Learn how to calculate the aftertax cost of debt with this comprehensive guide. Understand the different factors that go into the calculation and how to use them to make informed decisions.

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How to Prepare a Balance Sheet
September 11, 2023 - Improve Financial Management

Learn how to prepare a balance sheet for your business. Understand the components of a balance sheet, how to create one, and the importance of keeping accurate records. “

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What Is PEST Analysis?

Pest Analysis is a powerful tool used by businesses to identify and analyze the external factors that can have an impact on their operations. It is a strategic management technique that helps organizations to understand the environment in which they operate and make informed decisions. Pest Analysis looks at the Political, Economic, Social and Technological factors that can affect a business. It helps to identify potential opportunities and threats, and to develop strategies to capitalize on the opportunities and mitigate the risks. Pest Analysis can be used to assess the current market conditions, identify potential new markets, and develop strategies to gain a competitive advantage. It is an invaluable tool for businesses to stay ahead of the competition and remain competitive in the ever-changing business environment.

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What is the Difference Between Bad Debt and Doubtful Debt?
August 30, 2023 - Improve Financial Management

Bad debt and doubtful debt are two terms used in accounting to describe the status of a debt. Bad debt is a debt that is unlikely to be collected, while doubtful debt is a debt that may or may not be collected. The main difference between the two is the degree of uncertainty. It is important to understand the difference between bad debt and doubtful debt in order to properly manage a company’s finances.

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How to Write Off a Fixed Asset

Writing off a fixed asset is a process used by businesses to remove the value of an asset from their balance sheet. This is done when the asset is no longer useful or has been sold, stolen, or destroyed. The write-off process involves reducing the value of the asset to zero and recording the loss in the company’s financial statements. This process is important for businesses to accurately reflect their financial position and to comply with accounting standards.

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What is the Difference Between Bank Balance and Book Balance?

The difference between bank balance and book balance is an important concept to understand when managing finances. Bank balance is the amount of money in a bank account, while book balance is the amount of money recorded in a company’s accounting records. Bank balance is the actual amount of money available in the account, while book balance is the amount of money that is recorded in the company’s books.

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What Are The Red Flags In Financial Analysis?
August 21, 2023 - Improve Financial Management

Financial analysis is an important tool for investors and business owners alike. It can help identify potential risks and opportunities in a company’s financial performance. However, it is important to be aware of red flags that may indicate a company is in financial trouble. This article will discuss the common red flags in financial analysis, such as declining sales, increasing debt, and decreasing profits.

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