This article deals with how goodwill normally arises and what does goodwill means.

Goodwill normally arises :

When a partnership admits a new partner, two important things are considered:

Profit adjustment whether in terms of existing and future profits and

Goodwill

Also, besides new […]

This type of purchase of business is usually a mere “conversion” of a sole-proprietorship to a limited company where the seller (sole-proprietor) will be allotted shares in the Limited Company.

Accounting for Purchase of a soleproprietorship business:
In the Purchaser’s books, the following steps need to be taken:

(a) transfer all assets & liabilities […]

Let’s hope that our REIT managers have their following wishes come true when they push for changes in the government legislation in the forthcoming budget:

A more liberated equity holding in REIT so as to allow foreign partners to set up REIT companies. Currently, there was a 49% restriction on foreign shareholders and minimum 30% […]

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Needless to say that when debtors are not paying us on time, we need to raise our alertness level as this can ultimately lead to a future bad debt.
So what might be some of the warning signs of a future bad […]

Appended below is a small checklist to assess the quality of your stock management.
The questions are outlined in different perspective/areas.
If you score yourself somewhere close to 100%, then rate yourself A+ class on managing your inventory.
Knowledge, Systems & Policy/Procedures:

Do you know the stock turn for all major items of inventory.?
Have you applied ABC methodology on […]