risk

Authorized and outstanding shares are two terms used to describe the number of shares a company has issued. Authorized shares refer to the maximum number of shares a company is allowed to issue, while outstanding shares refer to the number of shares that have been issued and are currently held by shareholders. The difference between authorized and outstanding shares is important to understand when evaluating a company’s stock. Authorized shares are determined by the company’s board of directors and can be increased or decreased depending on the company’s needs. Outstanding shares, on the other hand, are the number of shares that have been issued and are currently held by shareholders. This number can be affected by stock splits, stock dividends, and other corporate actions. Knowing the difference between authorized and outstanding shares can help investors make informed decisions when investing in a company’s stock.

Discover the importance of Management’s Responsibility for Internal Controls and how it helps organizations ensure accurate and reliable financial statements.

Internal control is and essential mechanism for businesses, providing a systematic approach to ensure progress towards organizational goals. It includes processes, policies, and procedures to protect assets, promote accurate financial reporting, and maintain efficiency and regulatory compliance. What is the purpose of internal control?

Rule 216 is a must-have for accountants. It’s like a compass, showing them the way to financial reporting accuracy and transparency. What’s rule 216 in accounting?

Control system management is a must for efficient and effective operations. It’s all about supervising, coordinating and monitoring control systems to keep things running smoothly. Having clear protocols and standards in place ensures consistency. and real-time monitoring helps catch any issues or deviations from set norms. Control system management is a delicate balancing act – […]

The terms “cybersecurity” and “information security” are often used interchangeably when it comes to protecting our digital world. But there’s a slight difference between them. Cyber security keeps computer systems and networks safe from hackers and online threats. Information security covers a wider scope by protecting data in all forms. What’s the difference between cybersecurity […]

Let’s start off with a blast! PRP’s, CCP’s, SSOP, and GMP’s – it may seem like alphabet soup at first. But don’t worry, we’ll unravel it all! It’s clear these acronyms play and important part in keeping consumers safe. The FDA even requires companies to use science-driven risk assessments to prevent food safety issues. So remember: […]

Accounting processes are vital for keeping track of financial transactions an ensuring accurate financial reporting. They help businesses monitor their financial health, make strategic decisions, an comply with legal an regulatory requirements. Let’s explore 10 key accounting processes that keep organizations running! What are 10 accounting processes?

The role of a Chief Financial Officer (CFO) is and essential one. CFOs use their expertise in financial management and strategic planning to drive growth and secure the financial health of a company. They oversee budgeting, forecasting, and financial reporting. Also, they manage cash flow, make investment decisions, and strategize to optimize profitability. Through data […]