What is Financial Management ?
Summary: Financial management comprises methods and techniques for handling a company’s financial assets. It helps the business track its expenses & profits and, more importantly,
Category: Business Management
The Scope of Financial Management
Summary- Finance management plays a vital role in all kinds of businesses and it is the backbone of any organization. Various factors, including profit or
The Objective of Financial Management
Summary- Finance is the lifeline of any organization and it requires meeting the needs of all business issues. With the increasing competition in the market,
What is the Operating Profitability Ratio and why is it used?
Summary: Numerous financial metrics measure the success of a business. One of them is operating profitability ratios that track and measure the business’s overall financial
Understand Accounts payable Journal Entry in detail
Summary: Accounts payable is an essential business process through which businesses manage their payable commitments effectively. It helps track debts, enabling companies to pay them
The Role of Journal Entries in Accounting
Summary: Journal entries present the real-time financial standing of a business. It allows decision-makers to answer critical questions like: a. How many employees can we
10 types of BOM and why they matter?
SUMMARY: Manufacturers make use of BOM (Bill of Materials) to build products. Generating an accurate bill of materials is pivotal since it makes sure that
Top inventory management techniques SMEs must follow
Summary: Inventory management techniques is one of the most important factors of supply chain management. It is the process of tracking stock standards as well
3 Golden Rules of Accounting
Summary: A company tracks its financial transactions by following rules of accounting. They help review, summarize, and report financial transactions to tax collecting authorities, finance
Efficient Supply Planning in the Chemical Industry
Summary: Supply chain functions in the chemical industry optimize warehouse, freight, distribution, and warehouse operations to run their everyday activities. As a result, challenges don’t