Definition of Accounting

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash…

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Investment Definition

An investment always concerns the outlay of some asset today (time, money, effort, etc.) in hopes of a greater payoff in the future than what was originally put in. What’s an Investment?Investing is putting money to work to start or expand a project – or to purchase an asset or interest – where those funds…

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Basic Financial Statements: All You Need to Know?

Basic Financial Statements: All You Need to Know?

According to a published report, contribution of  MSME sector towards the growth of the Indian economy is quite significant. The Micro, Small & Medium Enterprises:Have a vast network of over 32 million unitsCreate employment of about 70 millionManufacture more than 6000 productsContribute about 45% to manufacturing output and about 40% of exports, directly and indirectly.Despite…

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Beginners’ Guide to Financial Statement

Beginners' Guide to Financial Statement

The BasicsIf you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket science.This brochure is designed to help you gain a basic…

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Smart Ways to Invest Money

Smart Ways to Invest Money

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.Investing money in the stock market is the number one way…

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The Ultimate Guide to Accounting Basics

The Ultimate Guide to Accounting Basics

In college, I started a local consignment business. It was very different from my freelance writing business for a few key reasons: I had employees, I had physical products (which meant a physical store and check-out process), and I had a different legal business entity.I had some experience under my belt from running my freelance…

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4 Types of Financial Statements

4 Types of Financial Statements

DefinitionFinancial Statements represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength, performance and liquidity of a company. Financial Statements reflect the financial effects of business transactions and events on the entity.Four Types of Financial StatementsThe four main types of financial statements are:1. Statement of…

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How to Prepare for a Successful Job Interview

Job Interview

Now that you have a job interview, there are certain things you will want to do in advance to prepare for it. This article will provide practical tips on how to prepare for a job interview. Remember, you never get a second chance to make a first impression, so you’ll want to do your best on preparing for your interview in advance. 1. Pick out what you are going to wear on your job interview What you wear on your interview is an absolutely crucial part of how to prepare…

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What is the Meaning of Business Finance

What is the Meaning of Business Finance

Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities. Let us understand in-depth the Meaning of Business Finance. Meaning of Business Finance According to B.O. Wheeler Meaning of Business Finance includes those business activities that are concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives of a business enterprise.” Business is identified with the generation and circulation of…

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The Definition, Types and Importance of Finance

The Definition, Types and Importance of Finance

What is Finance? Finance is defined as the management of money and includes activities like investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: (1) personal, (2) corporate, and (3) public/government. This guide will unpack the question: what is finance? Finance Examples The easiest way to define finance is by providing examples of the activities it includes. There are many different career paths and jobs that perform a wide range of finance activities. Below is a list of the most common examples: Investing personal money…

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4 Ways on How to be More Productive

How to be More Productive

Speaking about how to be more productive, everyone assumes that being more productive is simply about getting more done in less time. If you are a productive person, you definitely accomplish more in months than many people do in years. But productivity is more of a way of being. You could be doing less and at the same time, be more productive. What do you think of when you think about ‘being more productive in your life’? On your search for being more productive, you are likely to come across…

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8 Time Management Tips you need to be Successful

8 Time Management Tips you need to be Successful

Time Management is very essential in everyone’s one. We all have 24-hours in a day. But, why does it seem that some people are able to get the most out of every minute of the day? Believe it or not, they don’t have the power to slow down time. They do, however, know how to properly manage their time. Time management does not only enable you accomplish your set daily tasks, it is also one of the most effective skills you can have in life to enable you succeed. Want…

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12 Things You Need to Know About Financial Statements

financial statements

Knowing how to work with the numbers in a company’s financial statements is an essential skill for stock investors. The meaningful interpretation and analysis of balance sheets, income statements, and cash flow statements to discern a company’s investment qualities is the basis for smart investment choices.However, the diversity of financial reporting requires that we first…

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