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Hedge Accounting: What is it, and How Does it Work? It is important for you to realize how hedging can impact your financial statements. Companies do hedging to minimize the exposure of firms to markets, but it does not impact the income statement through an unrealized loss/gain (P&L). Therefore, a lot of firms want to…
What You Need to Know Before Forming a Nonprofit Organization Forming a nonprofit organization can arise for many reasons. But ultimately, these foundations are all inclined with pushing various causes and advocacies aimed at improving the condition of humankind, whatever they may be. From the name itself, nonprofit organizations are not created to generate big…
Doing Business in Indonesia: Basics of Islamic Accounting Accounting can be defined as the process of recording financial transactions pertaining to a business. It includes the summarizing, analyzing, and reporting of the company to analyze its performance. This is the conventional definition. But how about if we put the prefix “Islamic?” What would be the…
Secretary vs Administrative Assistant: What Sets Them Apart? The roles of secretaries and administrative assistants play a crucial part in ensuring smooth business operations. While their responsibilities often overlap, there are distinct differences in their scope of work, career expectations, and skill sets. Understanding these distinctions can help business owners hire the right talent and…
Helping You Understand the Common Bookkeeping Terms Every field or industry has its own set of jargons, like in accounting. You should be familiar with the different bookkeeping terms as a business owner. In this way, you can understand and understand the different financial statements of your company. Remember that bookkeeping and accounting are important…
Doing Business in Indonesia: Differences Between Islamic and Conventional Accounting If you practise Conventional Accounting and transferring to Islamic Accounting, knowing the difference between the two can help you help sort out your confusion. The Key Difference between Islamic and Conventional Accounting lies in different factors such as the nature and definition of their Financial…
Doing Business in Indonesia: Accounting Tips for Indonesian Startups There are some fundamentals of business that you need to attend to even you’re just a startup. These include People, Operations, Strategy, Finance, Marketing, and Accounting. Among them, we are going to talk about accounting. After all, the role that accounting plays in business can’t be…
Doing Business in Indonesia: Differences Between Accounting and Bookkeeping Bookkeeping is the systematic identification and recording of business transactions and financial events affecting a company. When we say transactions, we’re talking about the trading activities of buying and selling that needs to be recorded in the book of records. The financial events, however, are those…
Staying at the Forefront of Hospitality Sector with Accounting in Hotel Business Hospitality industry, alongside the tourism business, has been growing in the past years before the COVID-19 pandemic caused a major slowdown in 2020. Still, several parts of the world have been reopening again, slowly reviving the sector. Once a vaccine for the virus…
Doing Business in Indonesia: Xero or Quickbooks: Which One is Better? Xero or Quickbooks – If you’re to choose only one from these cloud services for your accounting needs, what would it be? If your answer is “I have to take a deep look first on the features and prices for both of the two”,…
