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Analysis financial risks

Analysis financial ris...

Prudent management is one that measures the risk of turning the business that is, taking the acti...

Financial receivables

Financial receivables

Credit according to the traditional concept, is defined as the right of the debtor's creditors re...

Financial Assessment

Financial Assessment

The basic financial statements are the primary means to provide information about the company and...

Financial management through indicators

Financial management t...

In a globalized world we live in, we cannot compare, and we measure ourselves against the competi...

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Get solutions for grads

Get solutions for grads

One of the most confusing periods for anyone’s life is right after they have finished an import...

Control fundamentals for the company’s investments

Control fundamentals for the co...

The design of control tests established by the administration and management of investments are v...

Audit program and internal control to manage the available

Audit program and internal cont...

Programs for each company's internal control and audit can vary, but here is an outline of how to...

What are the differences between auditor, internal auditor and external auditor?

What are the differences betwee...

The essential difference between public accounting professionals, is based on the scope of review...

Affordability and financial indicators

Affordability and financial ind...

Refers to study the possibilities of the company to cover its debts in the short and long term. T...

What is  financial management of cash?

What is financial management o...

Effective financial management is one of the key areas in the management of working capital and i...

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Get solutions for grads

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Control fundamentals for the company’s investments

The design of control tests established by the administration and management of investments are vital because these owners must provide reasonable assurance that investments there were authorized and are owned by the company at the date of Balance General The establishment of controls can help business managers to establish a very high degree of trust between him and the owners and even more so when it is extended in business investment since they are a resource in the long term. INVESTMENT OVERVIEW Business investments primarily include: Securities of companies or institutions affiliated subsidiaries or affiliates. Marketable securities. Mortgage loans. Surrender values of life insurance. When entrepreneurs and investment managers must assess the type of investment to be undertaken, the tools used are: Often In many cases the investment has operations and does not take appropriate measures to safeguard these resources 1. Internal check Purchases and sales of securities ...

Audit program and internal control to manage the available

Programs for each company's internal control and audit can vary, but here is an outline of how to apply these elements within and utility organizations that provide for management analysis and decision making of senior and management. INTERNAL CONTROL PROGRAM FOR THE COMPANY AND AUDIT To validate the information the company has provided with respect to the item available, setting the audit program and internal control by developing the points listed below: 1. Review and assess the strength and / or weaknesses of internal control system and based on that review: Compliance testing and determine the extent and timing of audit procedures applicable under the circumstances. Prepare a memorandum or report on the results of the work, conclusions and comments about the strength and / or internal control weaknesses that require immediate action or may be appropriate points for the letter of recommendations. 2. Plan and carry out substantive testing of the figures showing the financial...

What are the differences between auditor, internal auditor and external auditor?

The essential difference between public accounting professionals, is based on the scope of review each place of business, here are the basic overview of each: Auditor The auditor is responsible for rule subject to auditing standards generally accepted financial statements of the company. You should also review and systematically evaluate the components and elements that make up the internal control, timely and independent in the manner prescribed by law. The auditor must conduct a comprehensive audit and must set out an independent professional opinion of the evaluation and supervision of control systems. In its report to determine whether the financial statements are prepared under generally accepted principles, if it has complied with the regulations, assess the efficiency and effectiveness in achieving the objectives set by the company, good management of resources and evaluation of internal control system to conceptualize on their management. Internal Auditor Is appointed ...

Affordability and financial indicators

Refers to study the possibilities of the company to cover its debts in the short and long term. The short-term debts are covered through the use of current assets (cash, cash, bank, accounts receivable) and calculated using the following relationship. Current Assets / Current Liabilities This ratio should be greater than 1 because there must always be an adequate margin to meet the needs of immediate payment which must be incurred. The ability to service debt in the long term, based on earnings, expected sales gain, when the project enters its normal operating phase. Expected profits set the borrowing limits and conditions of payments of principal and interest. This ability to pay long-term consists of earnings and expenses, which are not expenditures, including depreciation and measured by the coverage rate of the debt. Ultimately, utilities will be reached in the exercise once Deducting the payment of taxes, employee participation, profit sharing, etc., which allows us to c...