In the ever-evolving business landscape, achieving financial success requires more than luck or hard work. It necessitates a deep understanding of your organization’s financial health, a well-thought-out roadmap, and informed decision-making. This is where Financial Planning & Analysis (FP&A) comes into play. FP&A is not just a department; it’s a strategic approach that empowers businesses…
Financial planning and analysis (known as FP&A) is an essential component of any business, whether starting a new company or being established in India. It helps ensure the organization’s future success by mapping out various paths for achieving both short-term and long-term goals. In this guide, we’ll explore everything you need to know about financial…
Financial controls are an essential part of any organization, not just to comply with regulatory requirements but also to ensure that the economic well-being of the organization is maintained. However, the need for proper internal financial controls has become more critical in the current world of ever-evolving regulations and increasing compliance requirements. In this blog,…
Having accurate financial reporting is essential to the success of any business. But how can you ensure that your financial reports are accurate? Implementing internal Financial Control in India is one of the most effective ways to guarantee accurate financial reporting. This blog post will explore three critical internal financial controls essential to ensuring accurate…
Accounting is a scientific field that has an important role in various things. In practice, accounting science can help companies, organizations, investors, and government agencies to make decisions in allocating available resources. To provide the required information, an accountant will usually record, summarize, and analyze the financial data that has been collected. After these…
Internet and social media have led to an information boom in our lives and the kind of information we get is relevant in all walks of life. Moreover, there is always a preference to consume information that is clear, concise snippets and not some lengthy text. The same goes well for the financial statements that…
It was on 23rd March 2020 that the Supreme Court extended the limitation period for filing petitions/applications/suits/appeals and all other proceedings in all courts and tribunals with effect from 15th March 2020 until further orders. A bench headed by The Chief Justice of India passed this order taking Suo-moto cognizance of the situations arising from…
A business owner should keep financial reports at disposal which enables to analyze the business operations for better future functioning and make more informed decisions. Given below are the five most important types of financial reports which the owner should be reviewing on time to time to gain a better understanding of the company’s financial…
One of the first requisites for a company’s management is the formulation of reliable financial data. If the business is handled efficiently, it can have a logical consequence which can give access to accurate information that determines the decision making for its operations. What is Internal Control Over Financial Reporting? Internal Control Over Financial Reporting…
