History of Just In Time (JIT): Just In Time, called TOYOTA Manufacturing Production System, is part of the Lean Manufacturing Production System. There is a long story before becoming the Just-In-Time that we know today. Eli Whitney first initiated the Just In Time concept in 1799, who had a large contract with the U.S. Army at […]
Just-In-Time: History, Objective, Productions, and Purchasing Read More »
Budgeting is the tool that most business entities use to link the current performance of that business entity to their strategic objective. The entity breaks its long-term goal, like in ten years or is the market leader, into a short-term objective, called a budget. What is Budgeting in Accounting? In accounting, budgeting refers to planning
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Once you perform the Due Diligence Services for your potential customers, you need to get a better and deep understanding of your customers. The predetermine checklists are one of the most methods that most professional accountants who perform Financial Due Diligence typically have. Here are the ten checklists that will help you to gather enough
10 Checklists of Preliminary Information for the Due Diligence Read More »
Financial Due Diligence is the kind of detailed investigation service over the Financial Records for the specific objective like purchase and acquisition of the whole shares of the targeted companies or extending the number of shares of the existing company from the existing shareholders. In real practice, especially for companies with few shareholders, the selling
Procedures Use in Financial Due Diligence by Professional Engagement Team Read More »
Financial Due Diligence is the professional reviewing service provided by the Professional Accountant. and this service is normally offered by professional accounting firms. Financial Due Diligence is the type of reviewing service or negative assurance. All of the professional firms have to set proper internal control procedures and guidelines to make sure that the services
What Are the Principles of Financial Due Diligence? (Purpose and Limitation Included) Read More »
Financial Due Diligence is one of the review engagements usually requested by potential investors to perform a financial review of the target company. Financial Due Diligence usually is concerned with reviewing and identifying the targeted company’s Financial Position, and potential hidden liabilities like continence liabilities which are not stated in the Financial Statements and financial
What is the Importance & Purpose of Financial Due Diligence? Read More »
