Methods of financial analysis
How to analyze the company’s performance to plan? Financial analysis methods make it possible to …
USALI 12 What will be changed?
Hospitality Financial and Technology Professionals (HFTP®) and the Global Finance Committee (GFC) are preparing new …
Cost of Goods Sold (COGS)
What Is Cost of Goods Sold (COGS)? There’s no one answer to this question as …
Responsibility accounting
What is responsibility accounting? When it comes to management accounting, performance is key. Companies need …
Cash Flow Forecasting
What is Cash Flow Forecasting? Cash flow forecasting is a process that allows a company …
Restaurant Profit and Loss Statements (Restaurant P&L)
What Is a Restaurant P&L? A restaurant’s P&L statement summarizes the company’s financial performance over …
Sales budget
What is a sales budget? Sales budget is essential for any business, especially for companies …
Profit and Loss Statement
A profit and loss (P&L) is a report that lists the profits and losses of …
Balance Sheet statement
Balance Sheet statement in Finoko The balance sheet is a report that summarizes the financial …
GAAP generally accepted accounting principles
Generally accepted accounting principles (GAAP) set the standards for financial reporting in publicly traded companies. …