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 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...
Read moreWhat 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...
Read moreWhat 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...
Read moreWhat 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...
Read moreWhat 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...
Read moreIntroduction 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....
Read moreWhat 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...
Read moreWhat 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...
Read moreBusiness 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,...
Read moreFinancial 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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