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Valuation of Goodwill is an important function of the finance department of an organization. Good will is an intangible asset but not fictitious. Although it is not tangible and it is not used like plant and mac...

Ratios are among the most popular and widely used tools of financial analysis. A ratio expresses a mathematical relation between two quantities. To be meaningful, a ratio must refer to an economically important relation. For example, there is...

Cash Management means managing the cash in currency form, bank balances and readily marketable securities. Cash is the most important component of working capital of a firm. Cash is the life blood of the business, so managed well means the bus...

Analyzing the profitability of a company is a major part of financial statement analysis. All financial statements are pertinent to profitability analysis but none is more important than the income statement. The income statements reports the...

The terms finance, finance function and financial management are all used interchangeably for the discipline related to managing of money matters. Money is the life - blood of the business and all the economic activities are carried out throug...

Working capital can be understood as the fund required for meeting the day to day expenses of the business entity. An effective management of the working capital is very essential for the success of the o...

The financial executives of an organization have to perform variety of tasks to discharge their huge responsibility of handling the finance functions of the organization. The responsibility of the finance...

Book keeping in the context of a business is simply the recording of financial transactions of an organization. Transactions include purchases, sales, receipts and payments by an individual or organization. Ther...

Operational Audit operational audit is concerned with the evaluation of systems and controls which ensure that the strategies, goals and objectives of the management are being met. The management cannot simply take the...

Internal control is an essential prerequisite for effective and efficient management of any organization. Most of the SMEs lack the proper system of internal control which results in various fraudulent activitie...