What is Process Value Analysis? Meaning and Importance
Process value analysis is a systematic approach to identify, analyse and improve the value of specific processes within an organisation. Process Value Analysis’s (PVA’s) purpose is to cut back the number of redundant processes and prices within the value chain needed to deliver honest service whereas maintaining customer satisfaction. If an activity doesn’t give value […]
Ratios are mechanical and incomplete – Comment
Ratios are basically figures that represent an element’s value in terms of the other. These are some of the most used techniques of financial analysis. Typically, ratios are used to analyse performance or for comparison purposes. Several characteristics of ratio analysis make it one of the most popular financial analysis tools for newbies and professionals. […]
What is a Chart of Accounts | Meaning and Purpose
A chart of accounts is a systematic listing of all accounts employed to classify and record financial transactions in an organization’s ledger. It is a financial filing cabinet where every drawer is a category of account—assets, liabilities, equity, revenue, and expenses. This organised structure enables companies to keep orderly financial records, making analysis, reporting, and […]
The Development of Bookkeeping and Accounting
In the realm of business, the principles of bookkeeping and accounting have played a pivotal role in shaping the way we manage and analyse financial data. From the ancient ledgers of Mesopotamia to the modern digital systems of today, the evolution of bookkeeping and accounting has been nothing short of remarkable. In this blog post, […]
History of accounting standard setting in Australia
Accounting standard setting Accounting standards in Australia were initially developed by professional accounting bodies and were enforceable under their codes of ethics. From 1966, the professional bodies jointly operated the Australian Accounting Research Foundation (AARF), which ultimately encompassed both the Accounting Standards Board (AcSB) and the Public Sector Accounting Standards Board (PSASB). These Boards worked […]
What are capital structure ratios in accounting?
Capital structure ratios are financial assess company’s long-term financial stability and the proportion of debt and equity in its financing These ratios reveal important information regarding a company’s long-term solvency, financial leverage, and general financial risk position. The most prevalent capital structure ratios are the debt ratio (total debt over total assets), debt-to-equity ratio (total […]
How to Delete a bill in QuickBooks Online?
For a new user, it may be difficult to find how to delete a bill in Quickbooks Online. This situation may arise as a result of wrong particulars in the entered invoice. Or once the correct details are entered but due to manually importing the data there may be duplicacy of invoices. Steps to Delete […]
Financial Analysis of Sainsbury’s
Sainsbury’s is a British grocery store giant, the second biggest chain in the UK. Founded in 1869, it boasts a protracted record of providing groceries and family necessities. Sainsbury’s offers various keep codecs, from big supermarkets to comfort stores. They are recognised for his or her personal-emblem merchandise alongside popular labels. Beyond groceries, Sainsbury’s owns […]
Meaning and Types of Solvency Ratios
Solvency ratios are financial measurements used to assess a company’s ability to meet its long-term obligations and remain financially stable. These ratios evaluate a company’s ability to generate adequate cash flows to cover its debt and other financial obligations. By analyzing solvency ratios, investors and lenders can gauge the financial health and stability of a […]
Incomplete records system is unscientific and Inaccurate
An incomplete records system is unscientific, incomplete, inaccurate and unsystematic. Explain An incomplete records system is unscientific, incomplete, inaccurate, and unsystematic because it does not follow the accepted principles and standards of accounting. This can lead to a number of problems, including: Unscientific: An incomplete records system does not use the scientific principles of data collection, […]