Among the member countries of the Organization for Economic Cooperation and Development (OECD), Australia ranks the sixth highest on life expectancy. Nevertheless, despite its comparatively good performance, Australia still has many challenges in the health system, such as the rising cost of the health system, responding to new health risks, and universal access to health care.

Financial statement analysis and valuation serve as a backbone for businesses to know how their finances are going. Are the funds moving in an increasing trajectory? Is it in the red? Will your existing capital help you stay afloat in the coming fiscal year? With the right financial reports on hand, you can confirm your firm’s current performance, compare it with your past year’s standing and even forecast if you can stay in the green during the next quarter. 

Setting up a medical practice can be a rewarding venture for health professionals in Australia. However, no matter how keen you are to build your practice from the ground up, the idea can be overwhelming. After all, medical schools don’t teach you how to open a medical practice.

Business owners have a lot on their plate, all running from management matters to tracking financial status. Staying on top of your numbers can be an overwhelming task to regularly attend to because overseeing your core operations still comes first. However, with the rise of technology, the finance and accounting (F&A) industry openly welcomed new integrations in its realm to upgrade the workflow process of their teams.  Different accounting software offered competitive suites of automated services to cater F&A duties for small business owners and corporations. Among the names revolutionizing the accounting technology, Xero is one of the pioneers.

For modern healthcare to succeed in providing effective, high-quality care, it takes a team of various health professionals working together. Often, a (patient) client’s first contact is with allied health professionals. But what role do these health professionals have in providing optimal patient care in Australia?

Before the turn of innovation, chief financial officers (CFO) had been responsible for all financial movements within a company. They are responsible for the accuracy of the company’s books, providing financial statements and statutory compliance.  However, with the growing demands of the finance and accounting (F&A) industry, the responsibilities of a CFO also extended beyond its breadth by welcoming employee management duties and deploying strategic plans for the company.