How to Conduct a Business Financial Review: Keys to a Successful Business
The closing of the fiscal year is a defining moment for any organization. Conducting a thorough business financial review not only provides a clear understanding of the company’s current financial ...
Non-Financial Indicators: Key metrics to review for business impact
In today’s dynamic business landscape, leaders face a constantly evolving market that demands a comprehensive and strategic perspective. It is crucial for managers to focus not only on traditional ...
Breaking down annual planning: how to project funds and ensure financial sustainability
Annual financial planning is a critical process for any company aiming to ensure its long-term sustainability and growth. At the heart of this planning lies the accounting department, which plays a ...
ROE: What is it and how to improve it?
The Return on Equity (ROE), relates the net profits obtained in a specific investment operation to the resources required to achieve it. As a financial index, ROE shows how efficiently a company is ...
Financial problems: How to handle them?
Financial problems in companies can lead to various scenarios where financial health is at risk or threatened by debt, stagnation, low profitability, bankruptcy risk, etc. Therefore, it is essential ...
Budget monitoring and control
One of the most effective tools for managing the finances of business activity is controlling the annual budget. The elaboration of the budget and the control of its fulfillment and deviations ...
Advantages and disadvantages of financial leverage
Debts can be a headache or an opportunity for the finances of a company, we have already mentioned it before. Therefore, there are conflicting opinions regarding the effectiveness of financial ...
What is the purpose of finance in a company?
Accounting is the way of keeping track of a company's activities, but finance gives life to a business and runs through every part of a company's operations. Few decisions are made without the ...
The importance of the financial profitability of a company
In previous articles, we had already referred to the concept of financial profitability, known in Anglo-Saxon literature as Return on Equity (ROE), as a measure of profitability that is closer to ...
How to carry out a complete financial audit and optimize its cost
Most people think that financial audits are like researches carried out by a Certified Public Accountant (CPA). That is one definition and if your company needs a loan, it's possible it lists on the ...