MEANING OF AUDIT
AUDITING

MEANING OF AUDIT | HOW TO COMMENCE NEW AUDIT OF A FIRM

What is Meaning of Audit? The first fieldwork standard of audit requires that there should be adequate planning. The auditor can draw up his plans to conduct audit according to nature and type of audit work. The process of audit planning includes making arrangements for collection of financial information to be reviewed and procedures to […]

CASH FLOW FORECASTING
FINANCIAL MANAGEMENT

CASH FLOW FORECASTING | HOW TO PREPARE FORECAST CASH FLOW

What is Cash Flow Forecasting? Cash flow forecasting can take on critical importance for a firm. Many dot.com start-ups found out to their dismay that their business venture was over when their cash was unexpectedly used up. Even for firms with lots of cash coming in, a missed cash-flow forecast may mean that money sits […]

CASH FLOW STATEMENT
FINANCIAL MANAGEMENT

CASH FLOW STATEMENT | CONTENT AND ALTERNATIVE FORMS OF STATEMENT

What is Cash Flow Statement? Cash Flow Statement is a summary of a firm’s cash receipts and cash payments during a period ? of time. The purpose of the cash flow statement is to report a firm’s cash inflows and outflows, during a period of time, segregated into three categories: operating, investing, and financing activities. […]

FLOW OF FUNDS
FINANCIAL MANAGEMENT

FLOW OF FUNDS | DEFINITION | SOURCES AND USES OF FUNDS STATEMENT          

What is Flow of Funds? The financial manager making decisions to ensure that the firm has sufficient funds to meet financial obligations when they due And to take advantage of investment opportunities, To help the analyst appraise these decisions (mode over period of time), we need to Study the funds, By arranging company’s flow of […]

FINANCIAL MANAGEMENT
FINANCIAL MANAGEMENT

FINANCIAL MANAGEMENT | DEFINITION AND ITS IMPORTANT ROLE

What is Financial Management? Financial management is bothered with the attainment, financing, and management of assets with some on the whole goal in mind. So the option carries out of economic management may be lessened into three major areas: the investment, financing, and asset management. ROLE OF FINANCIAL MANAGEMENT The important role of financial management […]