Methods of Valuation of Goodwill. The most commonly used methods of valuation of goodwill are as follows:(i) Few Years' Purchase of Average Profits Method;(ii) Super Profits Method;(iii) Annuity Method; and(iv) Capitalization MethodFew Years' Purchase of Average Profits Method:Under this method, goodwill is valued on the basis of an agreed number of … [Read more...] about Methods of Valuation of Goodwill: Meaning, Types
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What Does Goodwill Mean in Accounting?
What Does Goodwill Mean in Accounting? Goodwill may be described as the aggregate of those intangible attributes of a business that contribute to its superior earning capacity over a normal return on investment. It may arise from such attributes of a business as good reception, a favorable location, the ability and skill of its employees and management, nature of its products, … [Read more...] about What Does Goodwill Mean in Accounting?
Components of Financial Statements
Components of Financial Statements. What are the components of financial statements? Or,Corporate financial statements are prepared in accordance with corporate laws, regulations, and IAS/IFRS. Briefly describe the components of corporate financial statements.The components of financial statements are:➢ Balance sheets (assets, liabilities, and owner's equity) ➢ … [Read more...] about Components of Financial Statements
IBPS SO – An Ideal Exam Preparation Can Make Your Dream True
IBPS SO – An Ideal Exam Preparation Can Make Your Dream True. The handsome IBPS SO in-hand salary is one of the most important factors which keeps attracting the attention of aspirants who want to grab an ideal job to have a bright future. It would be an exaggeration to say that the IBPS SO exam is a bit tricky to crack. Candidates start having too much pressure not because of … [Read more...] about IBPS SO – An Ideal Exam Preparation Can Make Your Dream True
Common Challenges Entrepreneurs Face and How to Overcome
Common challenges entrepreneurs face and how to overcome. Whoever said starting a business is easy should have a rethink. If you have attempted to get a business idea off the ground before or are making plans to get started, you will agree that starting a business is far from easy. You will go through many hurdles and run into brick walls a couple of times before … [Read more...] about Common Challenges Entrepreneurs Face and How to Overcome
Ways in which recurring payments can boost your business
Ways in which recurring payments can boost your business. Recurring payments are usually the monthly or annual subscriptions that you can use for your business to build your customer chain. These gateways allow you to gain some loyal customers who reap your services for a defined period. You can use this service to your benefit in many ways. All you have to do is find a service … [Read more...] about Ways in which recurring payments can boost your business
Factors to be considered while hiring an Accounting Firm
Factors to be considered while hiring an Accounting Firm. With the constantly evolving UK’s tax regulations and the increasing complexity of managing your business, it becomes essential to partner with the right accounting firm in the UK to ensure that you keep up with your financial goals.There’s no doubt that your business will benefit from excellent advice and guidance … [Read more...] about Factors to be considered while hiring an Accounting Firm
Small Business HR: Lessons Learnt During the COVID-19 Pandemic
Small Business HR: Lessons Learnt During the COVID-19 Pandemic. The COVID-19 pandemic has caused unprecedented economic upheaval. Millions of small businesses had to either suspend operations indefinitely or take on huge losses as the demand plummeted. Businesses that have survived the worst as well as others that have shut permanently have numerous lessons to share.As we … [Read more...] about Small Business HR: Lessons Learnt During the COVID-19 Pandemic
How to wisely manage your capital while investing for the future
How to wisely manage your capital while investing for the future? As an investor, you are always on the lookout for new avenues to invest. You don't have enough money to simply toss to any investment. At the same time, you also can't afford to make investments as it is good for your future. Your financial success is directly proportional to the amount of capital you manage … [Read more...] about How to wisely manage your capital while investing for the future
10 Car Maintenance Tips for College Students
10 Car Maintenance Tips for College Students. Owning a car while in college comes as a great relief because it delivers convenience. However, it comes with the responsibility of maintenance. It can be a nightmare for the vehicle to stall in the middle of nowhere, on the highway, or at night without quick help. To remain safe with the car, regular maintenance is … [Read more...] about 10 Car Maintenance Tips for College Students