What are IFRS Standards? IFRS standards are International Financial Reporting Standards (IFRS) that consist of a set of accounting rules that determine how transactions and other accounting events are required to be reported in financial statements. They are designed to maintain credibility and transparency in the financial world, which enables investors and business operators to…
What are T-Shaped Skills? T-shaped skills refer to a special type of qualities that make an employee valuable. A T-shaped individual possesses excellent knowledge of and skills in specific areas and is good at working with others in a collaborative way. There are different types of employees, referred to as “I’s”, “T’s”, and “X’s.” The…
What are Banking Courses? Students seeking a career in banking can opt to either attend traditional schools or take online courses from reputable institutions. Traditional institutions offer banking courses as part of a business degree program. Online courses are preferred by students seeking flexibility, where they can enroll in a banking course and still continue…
What are Banking Certifications? When considering a career in banking, having appropriate banking certifications can enhance your reputation. For existing banking professionals, working toward a banking certification can help with quicker career progression and greater earning power. Although banking certifications are not mandatory, clients and prospects tend to perceive accreditations as valuable, as the long…
What are Flowchart Templates? Flowcharts are great for describing business processes concisely without compromising on structure and detail. They allow users to summarize large amounts of information in a relatively little space. In addition, good flowcharts can improve the quality and accessibility of business reports. Below are four sample flowchart templates that should serve as…
What is Absolute Valuation? Absolute valuation models calculate the present worth of businesses by forecasting their future income streams. The models use the information available in the financial statements and books of accounts of a company to arrive at its intrinsic or real worth. There are two types of absolute valuation models: Dividend Discount Model…
What are Held to Maturity Securities? Held to maturity securities are securities that companies purchase and intend to hold until they mature. They are unlike trading securities or available for sale securities, where companies don’t usually hold on to securities until they reach maturity. Companies mostly use held to maturity securities to protect themselves against…
What are Current Liabilities? Current liabilities are financial obligations of a business entity that are due and payable within a year. A liability occurs when a company has undergone a transaction that has generated an expectation for a future outflow of cash or other economic resources. The key operator in this definition is the word…
What is Contribution Margin? Contribution margin is a business’s sales revenue less its variable costs. The resulting contribution dollars can be used to cover fixed costs (such as rent), and once those are covered, any excess is considered earnings. Contribution margin (presented as a % or in absolute dollars) can be presented as the total…
