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It is therefore imperative that a company periodically carry out inventories in order to ensure the reality, exhaustiveness and correct valuation of its assets and liabilities during its financial year. The inventory of stocks provides supporting documents for goods, raw materials and finished or outstanding products that are the property of the company, regardless of…
The study of the need for forensic accounting expertise arises in the investigation of criminal cases of misappropriation, malfeasance, as well as in civil cases when it becomes necessary to analyse data on financial and economic transactions reflected in accounting. A special economic expert investigator conducts an investigation, the purpose of which is primarily to…
.The process of physical inventory is to count the inventory one by one to record the available inventory. Correct goods management can help avoid shortages or excess goods (often referred to as overstock). Since this is a manual process, it can be very laborious. A large part of the warehouse staff is involved in this…
We all know how complex it is to register or form a company in a country like India where the rules and regulations are vast and filled with red-tapism. And to make this process of company formation easier for you, we are here with our expertise in making suitable entry strategies for different businesses. The…
A company valuation measures the environment and everything that a business includes including fixed/current assets, liabilities, brand, personnel, technology, etc. That is, the entire environment in technical and economic matter of the same. Specifically, it is the economic capacity that a business has to generate cash flow or profits in the future, it must have…
The control of fixed assets goes beyond having a list of everything that a company owns.This implies continuously monitoring the performance of each asset to obtain in this way the total budget to spend on them. However, the same amount of assets often turns out to be a problem and ends up complicating the proper…
Almost every industry all across the globe is reliant on barcode numbering of inventory and it has become an integral part thereby replacing the method of manual entry effectively. The usage of barcodes has become inevitable due to its accuracy, speed and reliability. As a matter of fact, barcoding is now a vital cog for…
Fixed asset accounting pose a lot of challenge to many businesses. Not to mention the conundrums in the decision making. The decisions like which depreciation method to apply or the estimated salvage value of an asset can have a significant impact on tax liability and earnings. Fixed asset management system in India has to see…
Based on the results of the audit of the retail trade, management decisions are made aimed at improving the efficiency of the company. When it is carried out on a regular basis, the company’s turnover will increase by 30% within three months Retail audits can be performed by both the company’s merchandisers and/or its own…
Retail audit is based on the results of retail sales of the products of the studied group and the subsequent analysis of the assortment, prices, distribution tools, and advertising materials. A retail audit is commonly understood as a method of evaluating a brand and its presence in retail outlets. A retail audit allows the management…
