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Finance

//Finance

What are Liabilities?

By | 2018-08-23T17:40:01+00:00 December 27th, 2018|Categories: Finance|Tags: , , , , , |

As part of OnlineAdvisor's efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  For this article, we cover the concept of liabilities. A Brief Definition Liabilities represent company's financial debt or obligations. They include loans, accounts payable, mortgages, deferred revenues and accrued expenses.  A great definition of a liability refers to [...]

What are Assets?

By | 2018-08-23T17:37:14+00:00 December 26th, 2018|Categories: Finance|Tags: , , , , |

Within a balance sheet, there is a category that lists the value of assets in the organization.  An asset is a resource of a company that it exclusively owns.  It is a resource that is “scarce.” Also, it is able to produce economic benefit by generating cash inflows or decreasing cash outflows.  Simply stated, selling it [...]

What are Accounts Receivable?

By | 2018-08-24T13:47:10+00:00 December 24th, 2018|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  The concept of accounts receivable is an important one for executives, especially those responsible for sales departments.  The reason is simple: customers who do not pay their invoices to the company will eventually lose the opportunity to buy.  [...]

What are Accounts Payable?

By | 2018-08-23T17:35:44+00:00 December 21st, 2018|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  The concept of accounts payable is an important area of financial management.  Let's cover the details of what it is and what it means. Definition Accounts payable is an accounting entry that represents an entity's obligation to pay [...]

Three Important Financial Reports

By | 2018-08-23T17:34:11+00:00 December 20th, 2018|Categories: Business Strategies, Finance|Tags: , , , , , |

In this article, we introduce three important financial reports: A balance sheet An income (or profit and loss) statement A cash flow statement In fact, every publicly traded company – a company that allows people to buy stock in it – provides these reports for their shareholders. For example, go to this link and you can [...]

How to Use the Balance Sheet

By | 2018-08-23T15:05:28+00:00 December 16th, 2018|Categories: Finance|Tags: , , , , |

As part of OnlineAdvisor's efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  For this article, we focus on why a balance sheet is important as part of the important financial reports of your organization. What It Is A balance sheet tells us our company’s health at one specific point [...]

How to Use the Cash Flow Statement

By | 2018-08-23T15:07:12+00:00 December 13th, 2018|Categories: Accounting, Finance|Tags: , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An important part of managing the financial matters for a business is the cash flow statement. A cash flow statement is an important financial report.  It is especially important for those companies which have a short history.  It [...]

The Cash Flow Statement

By | 2018-08-23T17:30:58+00:00 December 13th, 2018|Categories: Finance|Tags: , , , , , |

The Cash Flow Statement The cash flow statement reflects three categories: cash flow from operations, cash flow from investing, and cash flow from financing.  It it one report in the set of fundamental financial statements.   It is useful for businesses that are using the accrual method of accounting.  Let's discuss the reasons why you want a [...]

How to Use an Income Statement

By | 2018-08-23T15:04:56+00:00 December 12th, 2018|Categories: Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  Understanding the benefits of an income statement is important for the executive. An income statement, as we’ve covered before, shows the company’s performance over a period of time.   Usually we print out an income statement either during [...]

The Income Statement

By | 2018-08-23T17:32:51+00:00 December 11th, 2018|Categories: Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An important part of financial literacy for a business, among all of the reports, is the income statement. Definition The income statement is a different report than the balance sheet.  A balance sheet shows information on a [...]