Working capital management is an attempt made by accountants and business owners to strike a balance between profitability and liquidity. Many people (especially small business owners) either forget or are not aware of the fact that bad-debt has ‘double cost’ – the cost of writing them off and the cost of servicing associated to [...]
Credit card identity theft is rising at an appalling rate and it is a significant problem across the country. Criminals can perform identity theft quite easily due to lenient credit industry norms, careless data management in the offices and the simplicity of getting Social Security Numbers. Most recently, a number of credit card processing companies [...]
The objective of working capital management is to strike a balance between profitability and liquidity. Many high-tech firms that rely almost solely on IT infrastructures often find it difficult to make economically sound decisions when it comes to working capital funding for IT investment In order to understand working capital requirement for IT infrastructures, an [...]
Small businesses by nature are more volatile. Their owners tend to try out so many ways of doing things within a short period of time. This in most cases land them in the trap of overtrading. Overtrading in common parlance simply means trying to achieve too many with too little. Small business owners usually [...]
Finance is the life blood of every economy. Some people will tell you that ‘money rule the world’ while some will say ‘money makes the world go GAGA.’ Money management skill has never been this important in human history as it is today. A research carried out by an independent researcher shows that the demand [...]
Information technology on its own has no financial risk attached to it but if used wrongly can magnify the risk involved in finance. Take banks as an example. Prior to the time of the deployment of information technology infrastructure in banks, the level of financial losses directly linked to operational efficiency was relatively low compared [...]
The objective of making any worth while investment is to maximize returns from it. Every Accountant and Financier will not hesitate to tell you this, yet you see people making heavy investment in information technology today than ever without really getting the best out of it. Have you ever sat down to take stock of [...]