You don’t need an MBA to know there are two basic ways to increase your profits: increase revenues or reduce costs. The smartest businesses implement marketing strategies and cost-cutting measures that do both, but far too many obsess so much over increased sales that they forget about the importance of trimming the fat, and end up actually reducing profits.
Information technology innovations have brought sweeping changes to contemporary accounting practices. The.
Unless you're in a big Fortune 500 company, you probably equate the word "audit" with a letter from the IRS..
Gross profit is an important key performance indicator (KPI) to track, but so is the contribution margin. Many.
The accounting method you choose to use can determine how you show a profit in a given year. This directly affects.
Too many businesses never think about internal controls until they start losing efficiency, investors demand it, or.