30th Oct, 2020
Annual financial statements are signed by the directors of an organization.
If there are two directors of the company, then the two directors can sign the annual financial statements.
Whenever an audit report…
30th Oct, 2020
External and internal auditors can audit financial statements. An audit of financial statement is the examination of different entities of financial statements and their disclosures. Both external and internal auditors can audit financial statements in…
23rd Sep, 2020
Budgeting is a key part of financial management for any business be it big or small. Unless a business can manage its revenue and expenditure in an efficient manner, it will not be able to…
23rd Sep, 2020
The financial plan for a business can be considered as the financial feasibility report. Financial plans are used by banks and investors to determine the viability of investment in a business. Financial plans are also…
27th Aug, 2020
Tax planning refers to the analysis of the financial plan or situation from the perspective of taxation, in order to achieve maximum tax efficiency.
What is Tax Efficiency?
Tax efficiency refers to the practice of reducing the…