Английски език
This famous quote, by Jim Rohn, says a lot about the importance of discipline in today's world.
And financial discipline is even more important.
Badly run companies don't want to know how bad they're doing. However, even companies that are doing well are missing out on gains due to poor accounting and inadequate financial analysis.
Poor accounting and finance can result in the non-acquisition of loans, mistrust of business partners, poor business decisions, and in the long run even loss of assets or business. After all, the management of a company is responsible for the accuracy of its financial statements. Therefore, the quality and professional competencies of the employees in the accounting service should be a criterion that weighs the price of the service.
Especially in times of crisis, cooperation between accounting services and management is very important. Maybe the last business year was worse than the previous one, so it is even more important how the company presented the basic information: the relationship between customers and suppliers, the amount of financial liabilities, the ratio of financial liabilities to the maturity of assets; capital to finance operations, turnover of funds and so on. Too often, banks give companies a worse credit rating and then a lower borrowing limit as a consequence of poor accounting presentation. This can mean fewer loans at a higher interest rate. In the worst case, the credit rating committee even rejects the company.
Enjoy!!!
