Contrary to popular opinion, a company’s statement of cash flows is not sacred and is susceptible to manipulation. Under accrual-based accounting, revenue is recorded when it is earned, not when cash is received. Expenses are also charged once benefits are received, not when actual payment occurs. The cash flow statement is split into three parts […]

In Stephen Kings book – On Writing, he mentioned that the writer has a variety of tools in his/her toolbox. The fundamental tools are vocabulary, grammar and the elements of style. To be a good writer, you must have these tools easily within reach in your toolbox. They must also be in good shape, ready […]