A Complete Guide on Fundamentals of Financial Risk Management

Posté par en date du Juil 13, 2022 dans Bookkeeping | 0 commentaires

Properly managing these risks requires strategic planning, diversified investments, and maintaining an emergency fund to safeguard financial stability. Risk analysis is finding which risks could hurt a business’s money. This means identifying different financial risks, including market, credit, liquidity, and operational risk. The goal is clearly understanding...

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Understanding Inventory Cost Flow Assumptions: A Comprehensive Guide

Posté par en date du Déc 9, 2020 dans Bookkeeping | 0 commentaires

In the United States, both GAAP and IRS regulations allow the use of FIFO, LIFO, and average cost. However, if LIFO is used for tax reporting, it must also be used for financial reporting (this is known as the LIFO conformity rule). International Financial Reporting Standards (IFRS), on the other hand, do not allow the use of LIFO. They affect financial metrics...

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