How to Perform Fixed Assets Reconciliation? (6 Helpful Sets Included)

Fixed Assets

Introduction: Most stakeholders take the correctness and accuracy of business reports and financial statements very seriously. One of the reasons is that they use these reports to control that business and make business decisions. Fixed assets are that reports the balance sheet of every business normally have the material values compare to others assets. Therefore, […]

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What is Retained Earnings to Total Assets? (Explanation, Formula, and Example)

Retain earnings

Introduction: Retained earnings is a balance sheet item included in the equity section; it is the accumulation of all the profits of a company from the point of its commencement minus the profit distributed to the shareholders as dividends. This is assuming that the entity is making profits. However, most companies make losses at the

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5 POINTS TO COVER IN FIXED ASSETS CAPITALIZATION POLICY

Fixed Assets

A fixed assets capitalization policy is an essential part of the accounting guidance system that works in the organization. Every company should devise a fixed assets capitalization policy to guide the accountants to work exactly as per the company’s requirements. Although accounting rules need to be followed, the management can maneuver the fixed asset capitalization

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What is an Unqualified Audit Opinion? Definition, Explanation, Example, and Advantages (Importance)

Audit Opinion

Definition: An unqualified audit opinion is an opinion auditors give after testing the audited financial statements containing no material misstatement. Those statements are prepared and presented by following all the applicable financial reporting frameworks or standards and complying with the applicable regulation. The opinion statement is normally attached to the audit report issued by auditors

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What is the Concept of Working Capital? (Gross Working Capital and Net Working Capital)

Working Capital

Working capital is the amount of capital revolving, circulating in the short term to facilitate the daily operations of the business. It is considered the backbone of every business as it plays a very important role in the growth of the business. That’s why financial managers give the utmost importance to working capital management for

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What is Working Capital in Financial Management? (Concept and Objective)

Working Capital

Financial management is an important activity with a vital role in organizing, planning, controlling, and monitoring of business resources. It helps organizations to use their financial resources in a more efficient way to achieve their goals and objectives. The branch of financial management which deals with the efficient management of current assets and current liabilities

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