Category: accounting

IFRS International Financial Reporting Standards
IFRS “International Financial Reporting Standards”
IFRS IFRS Is an international accounting framework, a set of accounting standards developed by the International Accounting Standards Board (IASB). Correctly organize and report financial information. It is derived from the statement of the London International Accounting Standards Board (IASB) Currently, this is the accounting framework required by most countries around the world. IFRS requires   More... .
income statement
income statement
The three financial statements – the balance sheet, the income statement, and the cash flow statement – all serve different purposes. One might be more suited to determine the company’s profitability, and another might be better for showing the company’s assets. They should all be studied together because they are connected, and by analyzing these   More... .
OPEX Operating Expenses
OPEX Operating Expenses
opex meaning Operating expenses or OPEX refer to the expenditures associated with operating or running a business. They are necessary in order for the company to produce revenue. They are the muscle that makes things happen. Operating expenses consist of selling, general and administrative expenses (SG&A), research and development, and depreciation. SG&A expenses are expenditures   More... .
Revenue is the Return a company receives from providing services or selling goods to its customers, A company’s revenue, which is reported on the first line of its income statement, is often described as a service or sales revenues. Therefore, revenue is the amount earned from clients and customers before subtracting the company’s expenses. Revenues   More... .
balance sheet
The Balance sheet
The balance sheet Role of the Balance Sheet in Financial Statements For every business, you should examine three important financial statements: The Balance Sheet tells to investors how much money an institution or company has (assets), how much it owes (liabilities), and what is left when you net the two together (book value, net worth,   More... .
Supply Chain
Supply chain – Supply Chain Management
It’s known that supply chain management is an integral part of most businesses and is essential to company process success and customer satisfaction. What is Supply chain management? Supply chain management is the integrated process-oriented planning and control of the flow of information, goods, and money across the supply chain and entire value from the   More... .