How CFO’s role is important in the Bitcoin centric world of today?

admin July 13, 2021

Story Behind the Recent Bitcoin Impact

During the early part of 2021, Elon Musk-owned Tesla bought $1.5 billion worth of Bitcoin and announced that the company will accept Bitcoin as a payment. Immediately, the price of Bitcoin went northwards. In a filing with the Securities and Exchange Commission, Tesla said, they bought the Bitcoin because “it offers more flexibility to further diversify and maximize returns on our cash.”

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Every business is set up with dreams of turning big. But success is not an overnight phenomenon.

A man who does not plan long ahead will find trouble at his door” – a Confucius quote.

As a meticulous business growth plan is developed, an in-depth plan organizing the business’s finances must also be put in place. As you are juggling about every other department, finance also requires your attention.

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Organizing your finances to reach the pinnacle of success

Bookkeeping and Accounting – how important is it for your business?

May 7, 2020

Overview

Though Bookkeeping and Accounting seem to be synonyms for a single operation, they are actually two interrelated different tasks essentially to be performed in a business entity. Whilst Bookkeeping is primarily aiming to record the business transactions in the Books of Accounts, Accounting on the other hand is to analyze the recorded data and derive the financial information aiding the decision-making.

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A Note on Franking of Shares

May 7, 2020

Overview

A company or an organization can issue shares to indicate unit of ownership and issue share certificates indicating the names of the shareholders and the number of shares. The shares must be issued within 60 days of allotting the shares. The share certificates issued is similar to all companies, be it a public or a private company. 

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