What is capital budgeting? Who doesn’t want to be a smart spender? Capital budgeting is the art of deciding how to spend your company's money wisely. Basically, it...
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What is working capital? "Can't a company just use its profits to cover its expenses?” Well, technically, yes - but that's not always the case. Sometimes a company's...
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What is a cash flow statement? A cash flow statement is a financial report that shows the flow of cash in and out of a company. It's like...
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What is depreciation? Depreciation is the gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors that cause the...
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What is an invoice? It is a legal business document that assures parties of payment for goods provided or services rendered. An invoice is a piece of paper...
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Introduction to financial accounting “Accounting is the language of business.” — Warren Buffett Accounting is an essential business language, as it clearly communicates key financial information to stakeholders....
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What are CapEx and Opex? Capital expenditure (CapEx or capital expenses) refers to the spending of money on assets that have a long-term benefit to the company, like...
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What is a balance sheet? A balance sheet is a powerful financial statement that offers a precise picture of a company's financial status at a specific time. It...
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Business budgeting When running a business, be it a new or an evolved enterprise, one of the most crucial areas to tackle and take charge of is bookkeeping,...
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Financial modelling It’s important to constantly evaluate your financial situation to handle potential risks and prepare for the future. You must identify cash trends, spot and fix issues,...
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