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Posted by Terms compared staff | Dec 12, 2020 | Accounting |
Financial statements are prepared for various stakeholders (both internal and external) to gauge the financial performance as well as the entity’s financial health for a specific period. Financial statements largely consist of...
Read MorePosted by Terms compared staff | Dec 6, 2020 | Management |
For many people, the corporate governance and corporate management are the same and they use these two business terminologies interchangeably. However, this is not true as the two are considerably distinct aspects of an...
Read MorePosted by Terms compared staff | Nov 24, 2020 | Finance |
Financial transactions are of significant importance for entities, especially for business entities whose main motive is profit generation. They involve either an inflow or outflow of funds and thus have a direct impact on...
Read MorePosted by Terms compared staff | Nov 10, 2020 | Management |
The two main elements of a Quality Management System (QMS) are corrective action and preventive action, which concentrate on achieving continuous improvement as well as customer satisfaction. People often face issues in...
Read MorePosted by Terms compared staff | Nov 8, 2020 | Accounting |
The financial statements of a business which report its profitability and financial position primarily consist of a profit and loss account and a balance sheet. Accounts recorded in these financial statements fall in either of...
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