Tag: finance

How to use Spell number Function in excel

Excel Tips by Rohitashva Singhvi

The “spell number” function is a tool used by accountants and finance professionals to convert numerical values into their written word form. This function is typically used to generate the written representation of a specific amount or value, such as converting “1234.56” to “one thousand two hundred thirty-four and 56/100 dollars.” The spell number function […]

How to proceed with Financial Reporting Consolidation

Financial Reporting Consolidation

Financial reporting consolidation is the process of combining financial data from various business units or subsidiaries within an organization to produce a consolidated set of financial statements. This process involves collecting, validating, and aggregating financial information from various sources to provide a comprehensive view of an organization’s financial position, performance, and cash flow. The process […]

Important Guidelines for Uniform Customs and Practice for Documentary Credits (UCP 600)

Documentary Credit Rules and Regulation UCP 600

The International Chamber of Commerce (ICC) has published the Uniform Customs and Practice for Documentary Credits (UCP 600) as a set of guidelines for banks and businesses engaged in international trade. Some of the key provisions of UCP 600 include:

What is Letter of Credit & How to get it financed?

Letter of Credit by Rohitashva Singhvi

What is LC (Letter of Credit)? “LC” typically stands for “Letter of Credit.” A Letter of Credit is a document issued by a bank that guarantees payment to a seller for goods or services, provided that certain conditions are met. Essentially, the bank acts as an intermediary between the buyer and the seller, ensuring that […]

How to learn and understand about stock market step by step

Stock Market Learning with Rohitashva Singhvi

Learning about the stock market can seem overwhelming, but with the right approach, it can be a rewarding and fulfilling experience. Here are some steps you can follow to learn about the stock market: In summary, learning about the stock market requires a combination of reading, research, and practical experience. By following these steps, you […]

How to determine product costing for manufacturing company

Product Cost Determination

Product costing is a crucial aspect of managing a manufacturing concern, as it allows businesses to determine the total cost of producing a product. Knowing the total cost of production is important because it helps in setting a selling price that ensures profitability. In this blog, we will discuss how to do product costing for […]

Basics of General Accounting

Basics of General Accounting

Accounting is the process of recording, classifying, summarizing, and interpreting financial information. It is essential for businesses to keep track of their financial transactions and make informed decisions. The primary purpose of accounting is to provide financial information that is useful in making economic decisions. Key Concepts Basic Journal Entries Journal entries are the building […]

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