A qualified accountant is a person who has qualified by examination, received training and is skilled in the practice of accounting. Accountants work in either the public sector or the private accounting sector ...
Accounting is involved in the recording, analysing, classifying and interpreting of the financial affairs of a business. Accounting is a science involved in the recording, monitoring and assessment ...
An actuary is a professional person concerned with the financial evaluation of risk. The actuary's job is to design and administer insurance programmes, pensions, government welfare plans ...
Most successful business people will acknowledge that their business success was due in no small way to the help they received from a carefully selected group of people known as "business advisers ...
n January 3, 1977 Apple Computer was incorporated with starting capital of $1,300 raised by founders Steve Jobs (who sold his VW bus) and Steve Wozniak (who sold his HP scientific calculator.) ...
A bank is an institution, which collects funds from the general public, safeguards them and then makes them available back to the owner of those funds when required. It also loans out funds ...
Bankruptcy is a process, laid down by law, which deals with debts a person cannot pay. It is a term used for the formal procedure for individuals who are declared by the court as insolvent ...
Barter involves 2 parties. Each party wants to trade with each other and instead of exchanging cash for products or services, the exchange is carried out with products or services that each possesses ...
Benchmarking is a process or system which allows the comparison of performances between businesses that will produce results or recommendations for improvement to that business ...
The simple definition of bookkeeping is that - "it is the practice involved in the recording of transactions affecting the operation of a business". Bookkeeping involves a system which records ...
A budget is basically the plan of your business shown in money terms because it estimates your sales, purchases and your other business expenses, including drawings you take for yourself ...
business broker is an agent who arranges the buying and selling of businesses on behalf of a client. The broker is a specialist, with skills that can assess a business for sale ...
Business failure is an event that occurs when your business has reached a point where it is insolvent (insolvency means you are unable to pay your bills when they fall due) ...
You will need to write up a business plan at the early stage of your research before you start your business. The business plan document describes the vision and the objectives of your business ...
One of the main reasons for the failure of a small business is due to poor record keeping. If you don’t keep accurate and up-to-date records of the financial transactions of your business ...
Businesses are established and operated for the sole purpose of making a profit. Although the term profit has many different meanings for different people, it is usually considered that profit ...
A company is one of the legal structures a business owner can use to run their business through. It is the one legal entity that has more to do with complying with regulations and other aspects ...
When you start investigating whether to buy a business, you will come up with a list of advantages as well disadvantages if you go down the purchase option rather than starting one up from scratch ...