What is Performance Budgeting?
The process of performance budgeting entails evaluating an organization’s performance within the context of the organization’s particular objectives as well as its overarching goals. To do this, there must be no ambiguity whatsoever on either the short-term or the long-term goals of the company. It is important that the different levels of management have their […]
What are Different Types of Financial Statements?
Financial statements provide essential tools for understanding an entity’s health and performance from various angles, whether you are an investor, creditor, stakeholder, or otherwise. The primary purpose of financial statements is to present the financial information of a company in a reliable and useful format. Financial statements provide a detailed picture of a company’s financial […]
What Are Sweat Equity Shares and Why Are They Issued?
Sweat equity shares are equity shares granted to employees of a company on favourable terms in recognition of their work. Sweat equity shares are one form of share-based compensation for employees. The beneficiaries of sweat equity shares receive incentives in exchange for their contributions to the company’s growth. Moreover, sweat equity shares encourage employees to […]