Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc. Financial controls:The finance manager has not only to plan, procure and ...
plan 1 of 3 noun ˈplan Synonyms ofplan 1 :a drawing or diagram drawn on aplane: such as a :a top or horizontal view of an object b :a large-scale map of a small area 2 a :a method for achieving an end b :an often customary method of doing something:procedure ...
Financial accounting is the process of recording, summarizing, and reporting a company’s business transactions through financial statements. These statements are: (1) theincome statement, (2) thebalance sheet, (3) thecash flowstatement, and (4) the statement of retained earnings. Here’s What ...
and how it is managedThe Bank of Thailand has retained a tight monetary policy.the European Monetary Systembudgetary[only before noun]formalrelating to theofficialplan of how the money of a country ororganizationis spentCity officials are facing tough budgetary decisions.the process of budgetary cont...
What is the meaning of FP&A, where should you start and how can your company benefit from it? Learn how to take advantage of FP&A.
The meaning of BENEFIT is something that produces good or helpful results or effects or that promotes well-being : advantage. How to use benefit in a sentence.
considerable financial resources;riches: a man of means. something that is midway between two extremes; something intermediate: to seek a mean between cynicism and blind faith. Mathematics. a quantity having a value intermediate between the values of other quantities; an average, especially thearithme...
In the previous section, we got to know about the various types of financial markets funds. Let us see the various advantages offered by mutual funds: Tax Efficiency Under Section 80C of the Income Tax Act, 1961, you are able to invest in tax-saving mutual funds known as ELSS (Equity ...
Figuring out whether a company has an underfunded pension plan can be as simple as comparing the fair value of plan assets to the accumulated benefit obligation, which includes the current and future amounts owed to retirees. If the fair value of the plan assets is less than the benefit obli...
However, a company also has the discretion of forming favorable legal structures to help minimize its tax assessment. Some may argue that if a company fails to strategicallyplan its future tax liability, it should be held accountable for the taxes assessed when analyzing financial results internally...