Private Limited Company – An Overview

A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited […]

What Does an Accountant Do For a Small Business?

What does an accountant do? Many people might have no idea of what an accountant does. This article is designed to provide a basic definition of what an accountant does. To be a good accountant, you will need to be able to do a few things. You will need to know how to keep accurate […]

Company Limited By Guarantee And Its Uses

In British and Irish company law a company limited by guarantee LBG is an alternative type of corporation used primarily for nonprofit organizations that require legal personality. A company limited by guarantee does not usually have a share capital or shareholders but instead has members who act as guarantors. The guarantors give an undertaking to […]

How to implement an accounting information system

An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used internally by management or externally by […]

Collateral Finance In Lending Arrangements

In lending agreements, collateral is a borrower’s pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender’s protection against a borrower’s default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of […]