Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets good again. So what does a strong balance sheet look like, and how can you take steps to strengthen yours?
Taken together, the balance sheet and profit and loss statement represent a complete financial picture of a company and provide valuable “decision-relevant” information. Ratio analysis, in particular, is a useful management tool that can help improve your understanding of how well your business is performing financially and can be used to spot trends over time.
Topics: Financial Reporting
For us the end of the financial year process is about uncovering opportunities for improvement that were undetectable earlier in the year. We also see it as the perfect time to test the status quo and, through fresh thinking, ensure that our clients are well positioned and ready to enter the new financial year. The end of financial year checklist below, summarises some of the keyareas to consider. So whether your interest lies in minimising your tax bill, getting good reporting data or simply streamlining your finance and accounting systems, then read on!
Topics: Financial Reporting, Business Improvement, Financial Management
Last year more than 700,000 sets of accounts for companies, partnerships, trusts and not-for-profit organisations were prepared in New Zealand. But with the biggest accounting changes in nearly two generations all but executed, the look and shape of more than 470,000 of them are going to be very different. Yuline Little outlines key changes by tackling some important frequently asked questions.
Topics: Financial Reporting
