FICO Score
Fair Issac Corporations calculate FICO score. Different lenders used the FICO score of the borrower to decide on the extension and approval of the loans. … Read more
What is a good credit score? (United States)
A credit score from 670 to 829 is considered to be a good credit score. It also exhibits the fact that you’ve been the responsible … Read more
Stock split– meaning of stock split
The stock split is when the company divides its existing shares into multiple new shares. It’s not an issuance of the equity or raise of … Read more
Consolidation, mergers, and joint ventures
Consolidation, mergers, and joint ventures are the concepts of the business when a business acquires another business. The arrangements may be different from company to … Read more
GAAP and principles
GAAP refers to generally accepted accounting principles. It’s a set of procedures, accounting principles, and accounting standards related to business reporting and financial accounting. The … Read more
Merchant cash advance – MCA
A merchant cash advance is a way to finance your business with greater flexibility and fewer hustles of procedural formalities. The most significant advantage of … Read more
Bank reconciliation statement
A bank reconciliation statement is a process to align the bank statement with the bank balance in the business books. Normally, the balance in your … Read more
Introduction to financial accounting
Financial accounting is a branch of accounting that deals with the recording, summarizing, and reporting of financial information within an organization. In other words, financial … Read more
What is bookkeeping in accounting?
Bookkeeping accounting uses the basic accounting concepts in keeping a record of the business transactions and presenting them to an accountant for their perusal to … Read more
Financial accounting and Managerial accounting
Financial accounting is about financial transactions and accounting systems. The end product of financial accounting is the preparation of the financial statement. The scope of … Read more
IFRS 16 implementation and embedded challenges
Today, the biggest check in the list of compliance is the implementation of the IFR-16. An idea to recognize the right to use in the … Read more
Current Expected Credit Losses-(CECL) a new challenge?
Current expected credit loss-(CECL) was introduced by the Financial Accounting Standard board in 2016. CECL model changes the allowance recognition from incurred mode to expected … Read more
Accounting principles and concepts
Understanding accounting principles and concepts provide a strong base for you to prepare a set of financial statements. Following accounting principles is necessary to meet … Read more
What is inflation and why it increases
Inflation is when the prices of commodities increase in the economy. This increase in prices leads to a decrease in the purchasing power of the … Read more
The balanced scorecard (Best metric to determine performance)
The balanced scorecard is a performance metric in strategic management. It helps companies to set their direction and communicate to employees what’s valued in the … Read more