Author: Jesna John K

Supply chain finance, also known as supplier finance or reverse factoring, is a financial strategy that optimizes the cash flow and working capital of a supply chain ecosystem, which typically includes buyers, suppliers, and financial institutions. The primary goal of supply chain finance is to improve the financial stability of all parties involved in the… Continue reading Supply Chain Finance

Blockchain in accounting refers to the use of blockchain technology in various accounting processes, particularly in recording and verifying financial transactions. Blockchain is a decentralized and distributed digital ledger technology that allows multiple parties to maintain a shared record of transactions in a secure and tamper-proof manner. Here’s how blockchain is applied in accounting: Transaction… Continue reading Blockchain and Accounting

The cost of capital is a critical concept in finance and business decision-making. It represents the cost a company incurs when raising funds to finance its operations or undertake new projects. There are several methods used to calculate the cost of capital, and the choice of method depends on the specific context and the availability… Continue reading Methods used for calculating cost of capital

Cost-Volume-Profit (CVP) analysis is a financial management tool used by businesses to understand the relationship between costs, volume, and profits. CVP analysis helps companies make informed decisions about pricing, production levels, and sales strategies by providing insights into how changes in these variables impact a company’s financial performance. Key components of CVP analysis include: Costs:… Continue reading Cost -Volume-Profit Analysis

Income Tax Returns (ITR) in India are filed by individuals and entities to report their income and tax liabilities to the Income Tax Department. The type of ITR you need to file depends on your income sources, the nature of your income, and your eligibility. Following are some common types of ITR forms in India:… Continue reading Types of Income Tax Returns (ITR)

The Goods and Services Tax (GST) audit procedure in India involves a systematic examination of a taxpayer’s financial records, accounting systems, and GST compliance. The objective is to ensure that the taxpayer has accurately reported and paid their GST liabilities and has adhered to GST laws and regulations. Here is a general overview of the… Continue reading GST Audit Procedure

There are several types of bank accounts that cater to different financial needs and goals. Here are some common types of bank accounts: 1.Savings Account: A savings account is designed to help individuals save money while earning interest on their deposits. Savings accounts usually offer easy access to funds, making them suitable for emergency funds… Continue reading Types of Bank Account

A wire transfer is a method of electronically transferring money from one person, organization, or financial institution to another. Unlike some other payment methods, wire transfers are generally considered to be fast and secure, making them a preferred option for transferring larger sums of money both domestically and internationally. Here are the key features and… Continue reading Wire Transfer

Costs in business can be categorized in various ways based on their behavior, purpose, and relevance to decision-making. Here are some common types of costs along with examples for each category: Fixed Costs: Fixed costs remain constant regardless of the level of production or sales. They do not vary with changes in output.Examples: Rent for… Continue reading Types of Cost

Corporate tax is a tax levied on the profits or income of corporations and other legal entities that are recognized as separate entities for tax purposes. These entities may include corporations, limited liability companies (LLCs), and other business structures. The corporate tax rate and regulations vary from country to country, and in some cases, from… Continue reading Corporate tax