“Clarity and transparency matter. More than two out of three investors said they would apply a bigger discount to a company if its corporate reporting lacked clarity. Good reporting can also help to strengthen financial markets and ensure that capital flows to where it can be most usefully invested.”—ACCA (the Association of Chartered Certified Accountants) Global Research, Understanding Investors: Directions for Corporate Reporting

It’s somewhat easy to place value on a company’s physical assets such as land, equipment, vehicles, inventory, and any other tangible property. However, as modernization continues to take over all businesses, the issue of valuing intangible assets is gaining more importance than ever, in terms of how it could significantly affect business appraisal and at the same time, how the business valuation methods could be tricky. How could you attach a price on something that is not physically visible, more so without any set rules? We recommend bigdata technology.

As a business owner, you are expected to wear many hats. On top of looking after your actual business operations, you are also expected to stay on top of your business finances. Unfortunately, the latter could be a challenge if your business is growing and there is an expansive set of critical business numbers to crunch. Not to worry though, because you are not entirely helpless on the matter. In fact, there are a myriad of modern tools and processes to get you ahead - one of which is a business audit where you can look at the seven audit red flags. 

The reporting period for businesses in the US might not yet be near, but this surely is not an excuse to lie low on your efforts to keep your business financial documents on track. Anyone who has experienced the tedious tasks of going through a complex set of books knows that keeping financial statements in order - way before the deadline - is always the best way to go.

For individuals who do not belong to the business financial sector, it may be easy to assume that all financial statements are transparent. By transparent, the assumption is that the said financial documents are clear and filled with relevant and pertinent financial information.

“Don't tell me what you value, show me your budget, and I'll tell you what you value.” Or so says Joe Biden. If you look at budgeting closely, you will realise that this statement indeed rings a lot of truth in it. When we do our budget, we prioritise spending. And yes, as we exercise our discretion, it is inevitable that we focus on what we deem is most important.   But then again business organisations are complex and you may need to shift gears sooner than you think. When that time comes, how do you redo your existing budget?