What are Audits and Sarbanes-Oxley (SOX)? The accuracy of accounting information and evaluations is incredibly critical — particularly to two certain teams of individuals: The individuals within just the corporation rely on accounting info to make informed business choices, and the buyers and particular loan companies exterior the firm rely on accounting info.
Every business must keep track of income and expenses, profit and loss, not just for tax purposes but also for evaluating productivity in keeping with the business plan. An income statement should serve as a guide to a business’ cash flow management. It should be included in the financial plan section of the overall business […]
Financial Statements are part of every business – financial statements are used for business management, financial reporting, financial control and they are also critical sources of financial information used for making smart business decisions.
While talking with a group of friends, a novice golfer claimed that he had more fun playing golf when he didn’t keep score. Many small business owners may feel the same way about their finances. Often they are afraid to keep score, afraid of what the numbers may say.
Controllers are usually senior level data processing pros or even financial managers. They may be accountable for managing all facets associated with an organization’s funds, including data processing, cost management, financial reporting, auditing plus asset administration.