Author: John Ng

How Much Does Business Insurance Cost?

Insurance is an important part of any business. It protects your business from financial losses in the event of a disaster or accident. While the cost of insurance can be expensive, it is worth it to protect your business. In this blog post, we will discuss how much business insurance …

Total Addressable Market (TAM): Definition, Formula, Example

To get the most out of the products and services, businesses must first determine the demand of the market. The total addressable market (TAM) is defined as the size of a specific market or opportunity offered by an organization, product, or service. Without the proper knowledge of the total addressable …

Audit Documentation: Definition, Example, Check List

The auditing process involves an auditor examining a company’s financial and accounting systems. These auditors are independent of the underlying company. Similarly, they can be external or internal based on the type of audit. During audits, auditors perform various procedures and gather evidence to support their work. Documenting these procedures …

Decentralized Applications (DApps): What They Are, How They Work

Decentralized applications are a new type of application that is based on blockchain technology. They are becoming more and more popular, as people become aware of the benefits that they offer. In this article, we will explain what decentralized applications are, how they work, and the benefits that they offer. …

Return on Investment (ROI): Definition, Formula, Example

The ROI of a corporation is not just an investment, it’s the return on that investment. Corporations are always looking for ways to grow their profits and this is done through different strategies. It helps businesses consider all of the different investment options that will help their company earn the …

Prime Cost: Definition, Formula, Example

When manufacturing a product, companies incur various expenses. These expenses are crucial in helping companies produce that product. Similarly, they contribute to the cost of that product. Based on that cost, companies can decide the pricing and other factors. Companies may also classify those costs for several reasons. One such …

Break-Even Analysis

Break-even analysis is a key concept in corporate finance that determines the point at which a company breaks even on its operations. It helps to determine the point at which total costs and total revenues intersect and is one of several measures of the company’s financial performance. This analysis is …

Test of Control in Audit

Internal controls refer to the rules and procedures within a company to ensure the integrity of financial and accounting information. These controls are essential to running a company. Similarly, they help with business continuity and ensure the accuracy of the financial reporting process. Internal controls are also a vital part …

Synergy in Merger and Acquisition

Synergy is a term that has been used in business for decades. Mergers and acquisitions are often justified by the need to create synergy, which can mean cost savings or increased revenue. But what does it really mean? What different types of synergies exist, and how do they work? This …