Companies sell their products and services to customers to earn revenues. These revenues help fund their operations while also generating profits. For companies that focus on profits, making revenues through operations is highly crucial. Usually, companies deliver these products to customers directly. Sometimes, however, they also need other parties to do so. Some companies hire […]

Most traditional businesses and companies, revenues come from selling products and services. These revenues came when a company sold a product or rendered a service to a client. Then, accounting standards dictated that companies must record these revenues when the risks and rewards get transferred. Usually, this was the same time as the company made

Besides the financial performance, profitability, net assets, capital, etc., the net worth calculation is also an important consideration for any business entity. The purpose of some financial metrics is to report different aspects of a company’s performance. For instance, the net profit tells about the growth in recent times. The current ratios tell about the