Search results for keyword: creditor
Corporate Restructuring
In recent years, corporate restructuring have become a popular trend as companies seek to slow in response to market changes. Many companies have found it necessary to restructure in order to stay competitive with larger, more successful companies. Corporate restructuring can involve anything from......
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Sophie
Corporate Financial Culture
Enterprise financial management refers to the strategic use of financial resources to achieve the optimal benefit of enterprises. In the era of knowledge economy, enterprise financial culture is playing an increasingly important role in promoting the sustainable development of the enterprise.
Eff......
Enterprise system innovation
Innovation in Corporate Governance
The corporate world has advanced rapidly in terms of business models, technology and communication in recent years. Along with this, has come a greater array of challenges – challenges that require an understanding of governance, risk management and compliance.......
Auditing Standards
The evolution of auditing standards has been a process whereby the accepted norms for conducting an audit have become increasingly comprehensive, intricate and enforced. Much like a business or other entity’s operation, an audit comes with certain associated risks and the regulations governing th......
Payment in transit
On-the-way Money
On-the-way money refers to funds that are expected to be collected in the near future but not yet received, such as accounts receivable, notes receivable and other receivables. It is an important source of cash flow for finance-needing companies. In particular, small and medium-s......
Payment accounting method
Cash or Accrual Accounting Method
Introduction
For businesses, their accounting method is an important component in measuring their financial health and performance. Types of businesses can use two major accounting methods: the cash basis and accrual basis. The cash basis of accounting records r......
CFO
Chief Financial Officers in the Modern Business World
The chief financial officer (CFO) is increasingly becoming a critical figure in the modern business world, especially in large and publicly traded corporations. As the economy evolves in the 21st century, CFOs are playing integral roles in dri......
controlled foreign company
Controlled Foreign Corporations
A controlled foreign corporation (CFC) is a foreign company in which “United States shareholders”, usually meaning United States citizens or residents, own stock with more than 50% of the vote. CFCs are important to United States tax law as they potentially allow......
creditor's right of rescission
Introduction
A revocable power of attorney, sometimes known as a springing power of attorney, is a legal document that allows a person, called the “principal,” to give another person, called the “attorney-in-fact” or “agent,” the authority to act on their behalf. The principal retains the ......
place of debt settlement
Debt Repayment
Having debts can be incredibly stressful. It affects people’s lives and the situation can feel quite hopeless. But debt can be repaid. It requires patience, hard work and keen financial management. It is possible to pay off your debts and create a better financial future.
One way......
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