What is an accounting transaction and an accounting event?
The word ‘transaction’ is commonly used in business and finance circles. We hear sentences like “how
December 4, 2019
AUDIT RISKS AND AUDIT PROCEDURES FOR CASH AND BANK ACCOUNTS
Hello, welcome to your new role. In this role as an external auditor of company ABC
November 18, 2019
Markup Vs. Margin (or Gross Profit margin)
$
Businance.com
Cost amount
12
Profit
3
Sales price
15
Markup
25.00%
Profit divided by cost
GP margin
20.00%
Profit divided by sales
A markup is a profit as a
November 18, 2019
A brief comparison of Internal Audits and External Audits
You might be wondering which audit is better, internal audit or external audit. Which audit is
November 18, 2019
The Debt-Equity (D/E) Ratio (Gearing / Leverage)
Usage and Application
Usage of the debt-equity ratio is essential in the following cases:
Investments decisions: When a
November 18, 2019
Statement of Cash Flows
A Statement of Cash Flows (or as formally called cash flow statement) provides an explanation in
October 29, 2019
