Category Archives: Accounting
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 […]
Continue readingWhat 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 […]
Continue readingCompany 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 […]
Continue readingHow 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 […]
Continue readingFinancial Statement Analysis In Business
Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company’s financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is […]
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