The Future of Accounting: Blockchain and Cryptocurrency In the world of accounting

All the technological advances are changing the way financial transactions are managed and accounting records are maintained. One of the most important developments in recent years is the increasing adoption of blockchain and cryptocurrencies in accounting. – These technologies promise to revolutionize the financial industry and accounting consulting, improving security, transparency, and efficiency in the…

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Financial Accounting vs. Management Accounting

Although financial accounting and management accounting have their differences, the underlying objective remains. To meet the information needs of the user. Financial accounting is generally used by external users whereas management accounting is generally used inside the organisation. There are several factors which differ between the two and these factors will be set out below.…

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Navigating Business Sales: The Crucial Role of Working Capital Adjustments

In the intricate process of selling and buying businesses, the finalisation of the sale price is a meticulous process that involves considerations beyond the surface-level cash exchange. Among the key factors in this complex financial transaction are working capital adjustments. In this blog, we will explore the nuances of working capital adjustments and their significance…

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Decoding Heads of Terms (HOT) and Sale and Purchase Agreement (SPA)

In the dynamic world of business transactions, the sales process stands as a structured framework, guiding professionals through a series of strategic stages to achieve successful deals. The key steps in the sale of the business are set out below.  Information Release Phase Teaser Document: The opening notes of the sales process are often set…

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Unlocking Business Value: A Buyer’s Perspective

When a business is on the market, potential buyers are on the lookout for more than just a set of financials. They seek a strategic investment that promises not only immediate returns but also long-term value. To entice buyers effectively, sellers must understand what buyers are searching for and how to present their business as…

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Unravelling the Decision: Why Entrepreneurs Choose to Sell Their Businesses

In the ever-evolving landscape of entrepreneurship, the decision to sell a business is a strategic crossroads that entrepreneurs navigate for various compelling reasons. Let’s explore some key motivations behind why individuals decide to part ways with the ventures they’ve nurtured and built from the ground up. Financial Gain: One of the most straightforward reasons is…

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Rental Yield

What is rental yield? Simply put, rental yield is the financial return that a landlord and investors are to achieve from renting out their property. Commonly used by landlords and real estate investors the rental yield calculation is used in conjunction with other factoring information to make a decision on a property’s profitability. What is…

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The Global Fight Against Crypto Tax Evasion: Understanding the Crypto-Asset Reporting Framework (CARF)

In 2022, the OECD unveiled the Crypto-Asset Reporting Framework (CARF), a pivotal initiative addressing tax transparency in the rapidly expanding global crypto market. With a comprehensive definition covering stablecoins, derivatives, and specific non-fungible tokens, CARF sets out to combat tax evasion through automatic information exchange between crypto platforms and tax authorities worldwide. – This framework,…

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Leasing: The shift from FRS 102 s.20 to IFRS 16

Financial reporting involves the production of financial statements showing an entity’s profit or loss, assets, liabilities, and other additional information relating to the financial statements. In recent years there has been a shift from Financial Reporting Standards (FRS) to International Financial Reporting Standards (IFRS). One of the reasons for this transition is to standardise financial…

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