A business is a legal entity or organization that engages in commercial activities, such as producing and selling goods and services, and making a profit. Not all businesses are successful and do not generate profits, but the main goal ...

If you want to pursue a career in accounting, you’ll need to take courses related to business and the finance fields. Accounting majors must complete 120 to 123 credits to graduate. You’ll also need to complete a number of ...

What Is an Audited Financial Statement? – It is a report that verifies the accuracy of a financial statement. An auditor reviews the statements to ensure that they reflect cash transactions and are consistent with the company’s accounting standards. ...

In order to make the best use of a potential investor’s funds, you need to know how to appraise the profitability of your e-Commerce business. You can do this by doing your due diligence and looking at the storefront, ...

The fundamentals of management were first developed by Frenchman Henri Fayol, who lived from 1841 to 1925. His principles outlined five essential skills required to manage effectively. Fayol titled these skills administrative functions and they continue to guide management ...

An element of risk in business can be defined as any activity that involves the potential for failure. Business units, whether small or large, are surrounded by various types of risks, from physical, natural, and economic factors. The factors ...

Outsourcing your accounting is a great way to save time and make the most of your investment. But if you don’t know what to look for, here are seven tips for success. First, you must know what you want ...

If you have a business, you should know why tax provision matters. The process of calculating the tax provision of a business is complicated and time-consuming. Moreover, it is also challenging to gather data and manage it in an ...