Finance Basics & Concepts

Introduction "Making good judgments when one has complete data, facts, and knowledge is not leadership - it's bookkeeping" — Dee...

Introduction “Inventory is money sitting on shelves” – Philip Fisher Efficient inventory accounting is crucial for streamlining logistics, reducing tax...

Introduction Think about how you follow certain "rules" in your life, whether it's holding the door open for someone, saying...

Introduction “Accounting is the language of business” - Warren Buffet  Accounting methods are foundational to how organizations record transactions, match...

Introduction As a CFO, you may prefer a mix of equity and internal financing instead of just debt on the...

Introduction “If your business was a play, accounting policies are the curtain raiser.” Accounting policies are a company’s guidelines and...

1. Introduction Credit and debit are two sides of any financial transaction.  When it comes to managing them as a...

Introduction Imagine you setting off on a long road trip with your eye only on the destination and ignoring to...

Introduction Clarity about cost is paramount for an investor.  The expense ratio tells them how much it costs to manage...

Introduction Operating cost is a company's expense to keep its operations running smoothly. Operating costs are a monetary representation of...