Finance Basics & Concepts

Introduction to fixed assets Fixed assets are tangible or physical assets that a company owns and uses for its business...

Introduction “Constantly take inventory of what's important to you.” – Dave Chappelle Effective inventory management is crucial for enterprises to...

Introduction to payroll expense Payroll, the one word with two syllables, is an intrinsic part of any business. Simply put,...

Introduction to explicit cost Explicit cost or explicit expense refers to a tangible and quantifiable expenditure resulting in a cash...

Introduction A prime cost is directly incurred when an enterprise produces a good or service. Organizations can use these expenses...

Introduction A provision is a sum of money set aside by a company to pay for potential expenses or liabilities....

Introduction A comparative balance sheet is a critical asset that helps businesses assess their financial health and track progress over...

Introduction Managerial accounting is a critical aspect of financial management within organizations. It helps with managerial decision-making through a series...

Introduction Free cash flow is one of the most fundamental metrics in numerous distinctive concepts in Finance. It provides insights...

Introduction Accounting and finance are two essential pillars that stand tall in business management. It is common for people to...