A financial reporting framework refers to a set of rules, standards, and guidelines that dictate how financial information should be prepared and presented in a company’s financial statements. This framework provides a common language for communicating financial information to stakeholders, including investors, creditors, and regulators. The purpose of a financial reporting framework is to ensure […]
Cash flow management is critical for any business but especially important for SMEs. Here are some tips on how to control cash flow in SMEs: Create a cash flow forecast: This involves estimating your income and expenses over a particular period. By forecasting, you can identify potential cash shortfalls and take corrective action before they […]
Expertise and Experience: External providers of internal audit services bring a wealth of experience and expertise to the table. They have worked with multiple organizations in various industries and are aware of best practices, regulatory requirements, and industry-specific risks. This enables them to offer a broader perspective and identify areas for improvement that may be […]
Generating healthy cash flow for your company is essential for its success and sustainability. Here are some strategies you can implement to improve your cash flow: Monitor your cash flow regularly: Keep track of your cash inflows and outflows on a daily, weekly, and monthly basis. This will help you identify any potential cash flow […]
Corporate communication is the set of methods companies use to communicate with a variety of external and internal audiences, including customers, employees, stakeholders, the media, public and regulatory bodies.
In its simplest form, the declaration can be thought of as notifications to the tax authorities. Taxpayers are obliged to make various declarations to the relevant institutions according to the tax types.
Management consulting is the name given to the science of solving the problems faced by a company or institution while managing its own company or institution.
They can issue ÖKC receipt instead of e-invoice for goods delivery and service performance below the invoice issuance limit.