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Financial statements are only useful if you are able to perceive and interpret the knowledge they include. Except you have a background in accounting, understanding your enterprise' financial statements may be like making an attempt to grasp a foreign language. Stratten's engagement-advertising approach is built heavily around social media, and as a result many of the concepts of the book will resonate most with those that are energetic with social media or seeking to build there. Nevertheless, the ideas have equal relevance for nearly any advisory firm looking to grow — especially given recent research suggesting that client engagement is the best way to drive referrals as well — although advisors not lively with social media might must stretch a bit further to apply among the guide's concepts.

The place the guaranteed time period of a director's employment with the company or a subsidiary is or may be longer than two years, approval must be given by a decision of the members of the corporate and of the company's holding company of which he is also a director (Companies Act 2006, section 188). If an organization agrees to a long-term provision in contravention of the requirement for such approval, the supply is void to the extent of the contravention and the company is entitled to terminate the contract at any time by giving reasonable notice (Firms Act 2006, sections 188 and 189).

There are a large number of other points concerned with understanding your financial statements, e.g. money vs. accrual, underlying assumptions, and many others. Your greatest wager is to take a seat down along with your accountant and ask him to explain anything you do not understand. No query is off-limits. The essential thing is that you've a solid grasp of what the financial statements mean for you and … Read More ...