The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.

• Health Insurance
• Home Office
• Monthly Utilities
• Office Supplies
• Autos and Commuting
• Travel
• Retirement Plans

Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone.

A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities.

All money received into PayPal must be transferred to your Indian bank account within 7 days.

Useful life usually refers to the duration for which the item will be useful (to the business), and not how long the property will actually last. Many factors affect a property’s useful life, including the frequency of use, the age when acquired and the repair policy and environmental conditions of the business.

Short term finance, often referred to as bridging finance, usually refers to loans mostly offered on terms of up to 12 months. 

Goodwill is an asset that captures excess of the purchase price over fair market value of an acquired business. Let’s walk through the following example: Acquirer buys Target for $500m in cash. Target has 1 asset: PPE with book value of $100, debt of $50m, and equity of $50m = book value (A-L) of $50m.

• Acquirer records cash decline of $500 to finance acquisition
• Acquirer’s PP&E increases by $100m
• Acquirer’s debt increases by $50m
•  Acquirer records goodwill of $450m

Deterioration of working capital (i.e. increasing accounts receivable, lowering accounts payable), and financial shenanigans are its two scenarios.

Since our cash flow statement starts with net income, an increase in accounts receivable is an adjustment to net income to reflect the fact that the company never actually received those funds.