Financial Management & Reporting

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Saving: Rule of 72

Benefits: This worksheet is set up to be used to illustrate the “Rule of 72.” You can readily calculate how long it will take your money to double by dividing the number 72 by the interest rate. For example, at 2 percent interest, it will take approximately 36 years for invested money to...

Selling Your Business

OBJECTIVE: Selling your business is not a process you can turn over to your broker, lawyer or CPA, although you will need all their services. This session covers what you should know before selling your business. Deciding when to sell Selling your business is a process Careful planning is necess...

Business Valuation Methods

There are a number of instances when you may need to determine the market value of a business. Certainly, buying and selling a business is the most common reason. Estate planning, reorganization, or verification of your worth for lenders or investors are other reasons. Valuing a company is hardly a...

Preventing Employee Fraud

Embezzlement and other kinds of financial fraud are perhaps the most common kind of employee theft. Small businesses tend to fall prey to this swindle because they don't have the controls in place to prevent it. Use the tips below to help protect your business from unethical staff members. Keep duti...

Analyzing Financial Position

Provided by Potential.com, Content Partner for SME Knowledge UAE   This video explains some important ratios to track and help improve the cash flow.     ...

Four basic elements for effective financial management

Provided by Potential.com, Content Partner for SME Knowledge UAE   Basic elements for effective financial management. This video explains the four basic elements for effective financial management: Budgeting & forecasting, bookkeeping, optimizing cash flow, reporting.   ...

Optimizing your cash flow

Provided by Potential.com, Content Partner for SME Knowledge UAE     The most important part in a business is maintaining and increasing cash flow. This video explains the steps for optimizing cash flow by increasing the company cash flow through credit facilities.   ...

Solvency Ratios Exercise

Provided by Potential.com, Content Partner for SME Knowledge UAE   This video shows an exercise on solvency ratios about calculating the debt to worth ratio, working capital and sales to working capital. For more videos, please visit our website http://www.potential.com This video i...

Getting Financial Controls in Place

OBJECTIVE: Growing your business will require establishing a solid foundation of internal controls including accounting, auditing, purchasing and damage control planning. This session will give you an overview of what you need to prepare for. Cash flow Accounting Your accountant's role Check list...

The Accountant: Your Trusted Financial Advisor

As a team member in a dynamic business environment, accountants take on a highly visible profile. Accountants have a simple and elegant tool for getting a fix on a company’s financial status; it is called the Accounting Equation. This equation states that Assets = Liabilities + Owner’s E...

Proper financial management and its business implications

Provided By Potential.com, Content Partner for SME Knowledge UAE The term “financial management” refers to the science of money management, which entails planning for the future of a business enterprise, includes the administration and maintenance of financial resources at dis...