What are consolidated financial reports?
Consolidated financial reports are general statements of the parent company and all other subsidiaries in just one financial report. These statements serve to depict the consolidated position of a company overall, comprehensively describing its entire financial health, and encompassing all its different forms of entities and activities. Consolidated financial reports are most used by investors, […]
Key Differences Between Revenue and Income
Revenue and income are two common terms seen on the Profit and Loss account or income statement of a company. Most students non-accounting persons don’t usually understand the difference between both terms. These terms depict two different aspects of a company’s financial health for any person associated with finance or business management. While revenue and […]
What Are ESG Reporting Frameworks?
Companies need Environmental, Social, and Governance or ESG reporting frameworks to express their sustainability and ethical performance. The significance of sustainability in businesses and in responsible investing cannot be overstated. As a result, companies’ stakeholders, customers, and regulators demand that they disclose more about their ESG performance. Companies are able to secure a structured way […]
How AI is Making the Work of Accountants Easier
Artificial Intelligence is changing the face of industries in all directions, and accounting is definitely not excluded. Artificial intelligence can help accountants deal with large volumes of data easily, minimize human error, and improve overall productivity, from repetitive tasks to complex data insights. In this article, we have discussed some of the prominent ways in […]
Benefits of Issuing Debentures Rather than Shares
Companies raising capital to raise funds in order to expand are at liberty to opt for shares or debentures. While both can raise the needed capital, oftentimes debentures offer more benefits compared to shares, especially to businesses that require maintaining tight control and want to maintain costs. In this article, we have discussed a few […]