Financial planning

financial projections help startups build successful business

How do financial projections help startups build a successful business?

Financial planning, Funding / By

A prerequisite for every business is to maintain a sound business plan that includes meaningful financial projections. This is especially important for startup companies since their failure rate in the first year of operation is extremely high and #1 reason for failure is the startup ran out of cash. Financial projections help companies get insight …

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Certified Management Accountant provides added value to business

What benefits a certified management accountant brings to your business?

Financial planning, Management accounting / By

Not every accountant is the same. Certified Public Accountants (CPA) and Certified Management Accountants (CMA) provide distinct services. The difference between the two is not widely understood outside of the accounting profession and established companies. While CPAs or financial accountants are primarily focused on maintaining your financial records, CMA’s core task is to provide management …

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Winning Startup Business Plan

Essential Components of a Winning Startup Business Plan

Financial planning, Funding, Risk management / By

Key reasons why you need a business plan for your startup 1. A roadmap to success To succeed in today’s competitive environment, you need a sound business plan and solid execution capabilities. A critical step is to develop a thorough understanding of your competitive environment and to identify the key drivers that will determine your …

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How to choose between straight-line depreciation and accelerated depreciation methods?

How to choose between straight-line depreciation and accelerated depreciation methods

Accounting, Financial planning / By

Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated …

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