Accounts Receivables: Definition, Examples, Process and Importance

Consolidated financial statements also known as CFS, presents the financial position and results of operations for a parent and one or more subsidiaries as if they were a single company.

Accounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet.

Advertising expense refers to cost incurred in promoting a business in newspapers, magazines television, radio etc. Check the classification of advertising expense with example.

Payment advice note is a document or letter of communication sent by a customer or buyer to businesses which states that an invoice has been paid.

A consolidated balance sheet is a financial statement that shows the financial position of a parent company and its subsidiary companies.

Income statement presents information on the financial results of a company’s business activities over a period of time.

Cost behaviour is an indicator of how a cost will change in total when there is a change in some activity. Know more about cost behaviour definition, formula with example.

MIS Reports are reports required by the management to assess the performance of the organization and allow for faster decision-making.

Inventory management is the basis of a well-functioning retail business. Learn these techniques and methods to help your business improve efficiency