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partnership
Partnerships
A partnership is a business arrangement where two or more people join together to form a business. Partnerships allow for individuals to share ownership and responsibility in a business venture. The partners are legally responsible for the debts and obligations of the partnership and ......
1037 
Oliver
partnership liquidation
Introduction
Partnership liquidation is the closure of a partnership business due to a variety of reasons such as death, dissolution by the court, or through mutual agreement. To ensure a smooth liquidation process, one has to follow certain steps, among them being:
1. Termination of the partne......
doomsday management
Introduction
One of the largest-scale financial events of the year is the end of the year. It can be both an exciting and intimidating experience for many people around the world. Many businesses and organizations need to pay attention to their gains and losses, as well as possible tax deductions......
Provision for bad debts
Bad Debt Provision
Bad debt provision is an appropriation of profits or an allowance for doubtful debts that is made by a company to cover losses on accounts receivable. Its the amount of money that a business sets aside when it is expecting that some of its debts or accounts receivable will not ......
Financial Statements
关于WEB安全
Introduction
Web security is becoming increasingly important and is a topic of growing concern for businesses and individuals alike. In the highly interconnected world we live in today, its important to be able to trust the security of the websites we use, from simple solutions such a......
Auditing of Accounting Estimates
Accounting Estimation and Auditing
The nature of estimation in financial accounting is often underestimated. Accounting estimates are often more freeform than static entries and can pose a problem of accuracy, creating a realm of uncertainty. An estimation is an approximation of the expense or re......
contingent liabilities
Debt is a huge financial burden that affects individuals, businesses and entire economies. When a person is in debt, their ability to purchase important necessities such as food, clothing, and housing is greatly reduced. Having too much debt is a serious problem and requires a great amount of disc......
equity risk
When it comes to investing in stocks, bonds, mutual funds and other assets, there are certain risks associated with each investment. Equity risk, also referred to as market risk and volatility risk, is the risk associated with investing in stocks and other equity investments. Equity risk refers to......
mandatory contract
Contract for Legal Consultation
Party A: Mr. Smith
Party B: Mrs. Jones
WHEREAS, there is an existing dispute between the two above parties, Party A and Party B, and the parties wish to negotiate a legal consultation to resolve said dispute.
THIS AGREEMENT (the “Agreement”) is entered into......
Enterprise Life Cycle Theory
The Life Cycle Theory of a Business
Introduction
A business life cycle is a model that describes the stages of a business from its formation to its termination. The life cycle model is designed to give an overview of a business, from when it is formed to when it dies. Each stage of the cycle has......
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