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IFRS 7, “Financial Instruments: Disclosures”, requires an entity to provide disclosures in their financial statements that enable users to evaluate (a) the significance of financial instruments...
We all know that cash is king, but what does that actually mean and what are the behaviors that drive that ethos? More specifically, how do...
Virtually all modern management fads and theories have at least one common theme running through them: focus on the customer. We need to understand customers so...
There are several tools used to conduct financial analysis. One is a database of accounting information, in which an analyst can roam for days, tracking down...
It is a week to the Christmas; giving and receiving gifts are part of christmas celebration. The same activities has become common on the business world as well. Is...
“Cash To Working Capital Ratio” is useful for determining the proportion of working capital that is made up of cash or investments that can be readily...
For any function to be successful, it must establish clear and measurable objectives, and work diligently to achieve them. Purchasing, as one of the caretaker of the...
How are Economic Order Quantity (EOQ), Economic Production Run (EPR), Re-order Point, and Safety Stock determined and computed? Read this post for the answers. Typically it...
This post contains three forms and seven reports related to the inventory function. Some of these forms, such as the receiving log and inventory tag, are...
The cost control system is an integral part of the overall organizational decision support system. The cost control system focuses on intra-organizational information and contains the...
The budgeting process is usually rife with delays, which are caused by several factors. One is that information must be input to the budget model from...
The “Cost Of Credit“ is used to determine the cost of “not–taking–a–discount–offered–by–a–supplier“. It is used by the purchasing department as a negotiating tool so that a...
Organizations assume risks in the normal conduct of doing business. These risks represent potential damaging events that might produce losses. Controls or safeguards are installed to...
One is sometimes called upon to make sales forecasts or verify those made by the sales and marketing departments. One of the better approaches for doing...
Every department in every business produces some kind of information that can be used by its manager to measure performance. This information may be related to operational...
This post lists set of ratios and formulas that can be derived primarily from the income statement. There are several that require additional information from the...
This post contains list of measurements ratio formula that can be used to describe an organization’s operating performance in such areas as sales, gross margins, investment...
This post is filled with measurements that are of considerable use to lenders, investors, and investment analysts. The measures are used to evaluate a company’s viability....