How to Create a Startup Financial Plan: Step-by-Step Guide with Examples
Starting a business is exciting, but it’s also filled with risks, especially financial ones. Statistics show that about 82% of startups fail due to cash flow issues. However, a well-structured financial plan can mitigate these risks by giving you a roadmap to manage finances, attract investors, and achieve sustainable growth. This guide will walk you […]
How AI in Finance Works: Benefits, Applications, & Examples
The finance sector has one of the highest AI adoption rates across industries. This is because AI offers unparalleled capabilities in automating processes, enhancing decision-making, and managing large data sets. AI can now act as a finance consultant, providing real-time insights, personalized financial advice, and advanced risk assessments. From fraud detection to portfolio management, AI […]
Depreciation in Accounting: Definition, Methods, and Computation
Depreciation is an essential concept in accounting, allowing businesses to allocate the cost of their tangible assets over time. By understanding depreciation, you can more accurately assess the true value of assets and their impact on your financial statements. In this article, we’ll cover the basics, various methods, how to compute depreciation, and some FAQs. […]
What Is Unearned Revenue? Examples and Simple Tips
Unearned revenue refers to payments received by a company for goods or services that have not yet been delivered. Even the biggest brands, like Amazon, often deal with unearned revenue. This practice helps them manage cash flow and predict future revenue effectively. However, unearned revenue can be a bit tricky to account for, since it […]
What Are Different Types Of Electric Vehicles In The Philippines
The Philippines is shifting towards a more sustainable future, and electric vehicles (EVs) are leading the charge. With the rising demand for cleaner transportation options, the Electric Vehicle Association of the Philippines (EVAP) anticipates surpassing the target of 6.6 million EV units sold by 2030. However, with the increasing popularity of EVs comes confusion about […]
How Many Contributions are Needed to Avail SSS Pension?
Retirement is a significant milestone that comes with the promise of relaxation and the opportunity to enjoy the fruits of years of hard work. For many, it also means relying on benefits like the SSS pension to sustain their lifestyle. However, before you can secure this financial safety net, it’s important that you meet certain […]