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Financial reporting refers to the disclosure of vital financial data as well as other activities that the organisation has carried out to its stakeholders. The stakeholders include the banks, creditors, investors, government, regulatory agencies and others. Financial reporting helps the stakeholders in getting an idea about the company’s actual financial position at a particular time. … Read moreDo You Know What is Financial Reporting

According to Section 97 in the Companies Act 2016, the company does not need to issue a share certificate anymore except if it receives a shareholder’s application for a certificate about his shares in the company or if this is written in the company’s constitution. The issuance of share certificate should comply with Subdivision 2 … Read moreWhat is Share Certificate?

As we all know, the net income and cash flow of a company are two important aspects we will focus on when we want to evaluate the financial position of that business. However, do you feel confused about the relationship between them? Some will think that both carry similar meanings as they involve cash. If … Read moreHow to Differentiate Net Income and Cash Flow of a Company?

Some business owners may have a question in their minds since the day they started their business venture – Should they employ accountants for the accounting (Also see What Are Accounting Concepts and Accounting Conventions?) tasks? The answer is – it depends. If they feel they need help in collecting, reporting and evaluating financial data, … Read moreHow Can Accountants Help Small Business Owners?

It is an undeniable fact that accounting plays a great role in every business. No matter whether you are running a small company or a big business empire, you need accounting as it helps you to plan for long-term goals and increase the profits you earn. So, how do you handle your accounting tasks? If … Read moreAccounting Tips That All Business Owners Should Know