Archives Tag: financial statement
The Importance Of A Financial Statement To An Organization
April 19, 2022
A financial statement is a summary of a company’s financial performance over a certain reporting period, and it represents a formal record of financial transactions taking place in an organization. It is often included in the annual report, and a good deal of the information present in the report is required by law or … Continue reading The Importance Of A Financial Statement To An Organization
How To Prepare A Financial Statement
April 19, 2022
Most business owners often use accounting to measure their company’s financial performance, and accounting is responsible for recording and reporting a company’s financial transactions. Also, business owners can use a variety of internal accounting reports for business decision purposes. Financial statements are usually the final output of the company’s accounting process and it reports … Continue reading How To Prepare A Financial Statement
How to Write an Annual Report
April 19, 2022
An annual report is a summary of a company’s financial state at the end of its business year. It’s a staple for large corporations, especially if their shares are publicly traded (i.e. listed on the Nigerian Stock Exchange). But periodic reporting on business performance isn’t a bad idea for SMEs either. Having a comprehensive overview … Continue reading How to Write an Annual Report
10 Questions You Should Ask Before Purchasing Equipment for Your Business
April 19, 2022
Unless you have a sweet stream of cash forever flowing into your business from an eternal source, you would be extra careful with every equipment purchase you make. Most businesses run on limited funds, so they’re a bit choosy with the array of equipment options available on market shelves. Who wants to burn precious plough … Continue reading 10 Questions You Should Ask Before Purchasing Equipment for Your Business
