The financial statements of your business are comprised of several different reports. Your balance sheet is one report included in your financial statement package, and may be presented with classified or unclassified information. Accounting standards may also provide additional conditions for classifying items as non-current and current, such as for current assets. IAS-1 states that…

The position requires appraising job results, leading employees and performing disciplinary actions as necessary. Note that any entries to the control accounts must also be reflected in the individual memorandum accounts. Utilizing control accounts can offer several significant benefits, particularly in terms of efficiency, accuracy, and risk management. The balance column keeps track of the…

The break-even point is an important financial metric, which helps to analyze business and its viability. It definitely helps in lowering risks, setting price and targets, helps with additional funding, but for the long-term, it cannot be the only one tool to judge the financial health of any business. A break even point gives a…