Bookkeeping

But they can’t be used interchangeably; because they are entirely different in their nature, scope, and purpose. On the other hand, Solvency handles long-term debt and a firm’s ability to perpetuate. Once you understand these concepts, you will be able to become prudent. Long-term liquidity shows how much of the company’s capital has been raised Read Post

Audits may be scheduled, to give managers time to gather and prepare the required documents and information, or they may be a surprise, especially if unethical or illegal activity is suspected. What Are the Types of Internal Audits? Robust internal audits are viewed as a key way to correct issues quickly, maintain a good reputation, Read Post