Tutor profile: Mohamed A.
What are the most common to finance your business, and how to select the best source?
The most common sources of finance are debt finance, equity finance, assets sale and leaseback, the selection of the best source of finance vary from organization to another based on the organization status, objectives, and resources for examples some organization prefer to debt finance based on interest rates they can obtain, and inability to be issue shares i.e. privately held, some other organizations might have valuable assets accordingly they can use the options of assets sale and leaseback.
How to ensure from the financial statements accuracy in a very short time ?
using the financial ratios is a very useful to assess the accuracy of financial statements by calculating the most common ratios such as profitability, liquidity, debts ratios and compare them vs. last year ratios to perform an initial opinion, and assess the reasonable reasons for the differences by inquiring, vouching some documents if required.
How to control and govern your own business properly ?
To control and govern your own business you should consider the efficient and effective use of used resources in order to maximize the output based on the input used, to achieve that you should to consider to establish a suitable internal control system based on your business size, and objectives
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