by Doctor | Mar 24, 2023 | Accounting
introduction: As a Chief Financial Officer (CFO), one of the most important CFO’s roles is to review and analyze the financial statements of the business. These statements provide a snapshot of the company’s financial transactions and position, and allow...
by Doctor | Mar 10, 2023 | Accounting
introduction: If you’re a small business owner struggling to turn a profit, you may have heard of the Profit First system developed by entrepreneur and author Mike Michalowicz. The system involves allocating a percentage of revenue to specific accounts for...
by Doctor | Mar 3, 2023 | Accounting
introduction: A zero-based budget is a budgeting method in which all expenses must be justified for each new period. This means that all expenses must be re-evaluated each period and that all expenses, including those carried over from the previous period, must be...
by Doctor | Nov 26, 2021 | Accounting, Assurance
types of reporting officers: accounting officer An Accounting officer is someone who is appointed in terms of Section 60 of the Close Corporation Act, 1984 to report on the financial statements and other information of Close Corporation (as well as Most Owner...
by Doctor | Nov 19, 2021 | Accounting, Assurance
types of companies: Private Company –Owner-Managed This company is also known as (Pty) Ltd and most companies in South Africa are registered as these type of companies Shareholders are also Directors of the business. Shareholders are involved in the running of...