What's it: A financial objective is a target or something we want to achieve through the finance department. They guide the finance department
Accounting and Finance
Accounting and Finance Department: Roles and Links with Other Departments
What's it: The accounting and finance department is concerned with planning, managing, and controlling financial resources, including managing
What are the Invoice Factoring Advantages and Disadvantages
The invoice factoring service has several advantages and disadvantages. Allowing the company to get cash immediately is its main advantage. However,
Invoice Factoring: Meaning, Importance, How it Works
What's it: Invoice factoring is a financing arrangement in which a company sells its invoices receivable to a finance company (called a factor or
Breakeven Point: How to Calculate, Benefits, Pros, Cons
What's it: The breakeven point is the point where revenue equals total costs. At that point, the company's sales level is not high enough to
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Company Funding: Purposes, Types of Sources
What’s it: Company funding is an injection of money from funders to companies. Sometimes, we also refer to it as corporate financing. In
Operating Leverage: Why It Matters, How to Calculate it
What's it: Operating leverage shows you the extent to which a company's operating costs are dependent on fixed operating costs. If the company
Activity-Based Budgeting: Meaning, Steps, Simple Examples, Pros, Cons
What's it: Activity-based budgeting is a budgeting method by quantifying only key business activities and their associated costs. In the process
Full Costing: Meaning, Components, Pros, and Cons
What's it: Full costing is a cost accounting technique that considers all the costs of producing a single unit of product, whether fixed or
Top-Down Budgeting: Meaning, Stages, Advantages, and Disadvantages
What's it: Top-down budgeting is a budgeting approach in which top executives set a budget and then pass it on to managers for implementation.
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Business Risk: Meaning, Types, Sources, Impacts
Competition has become more dynamic in recent years, increasing the business risk for many companies. The business environment is rapidly changing.