It might appear obvious, but in managing a business, it is important to understand how the business makes a profit. A company needs a lovely business model & a lovely profit model. A business sells services or products & earns a positive amount of margin on each unit sold. The number of units sold is [...]

Accounting has been authentic as, by Professor of Accounting at the University of Michigan William A Paton as accepting one basal function: “facilitating the administering of bread-and-butter activity. This action has two carefully accompanying phases: 1) barometer and arraying bread-and-butter data; and 2) communicating the after-effects of this action to absorbed parties.” As an example, [...]