While profit and cash may be the ultimate heroes of the small business world, there is a component of the bottom line which may be just as informative. This component is called revenue, which can give the user of financial statements actionable information about performance that profit or cash flow from operating activities alone does not reflect.
Category: Accounting Services
The Vocational Education and Training (VET) Levy was proposed and brought into legislation to aid the country’s need for a better quality and quantity skills development, aiding the National Training Authority (NTA) to address training opportunities. Are you compliant?
Historical cost or fair value accounting? Which methodology of presentation provides more valid, reliable, and relevant information? The debate has been going on for many years and according to numerous data and opinions, both methods have its flaws.