Importance of Financial Literacy

Financial tools – financial literacy Financial tools can be understood only when entrepreneurs are financially literate. By understanding the important five elements of finance an entrepreneur can be succeed which can be achieved only through financial literacy. Understanding the fundamentals of the financial tools that enable businesses to operate successfully helps entrepreneurs not only with … Read more

The Role of the Accountant in Corporate Governance of Business Organizations

In context of corporate governance, there are two vital elements that needed to be maintained in order to ensure efficiency and transparency of organizational operations. These two elements are accountability and performance. Shareholder’s confidence is enhanced by good corporate governance practices. Thus, Good corporate governance creates shareholder’s value and secures corporate image in the competitive … Read more

The Role of the Accountant in Corporate Governance of Business Organizations

In context of corporate governance, there are two vital elements that needed to be maintained in order to ensure efficiency and transparency of organizational operations. These two elements are accountability and performance. Shareholder’s confidence is enhanced by good corporate governance practices. Thus, Good corporate governance creates shareholder’s value and secures corporate image in the competitive … Read more

Profit as the Lifeblood of Business

Profit is the lifeblood of every form of business, be it a sole proprietorship, partnership or a corporation. In its simplest form, profit is defined as “the money that is earned in trade or business after paying the costs of producing and selling goods and services” (Cambridge Dictionary 2017). Corporations strive to make and maximize … Read more