12 errors in working with spreadsheets, resulting in catastrophic losses
A ranking of the largest errors in working with spreadsheets has been compiled, because of which companies suffered huge losses. The list includes both financial institutions and private enterprises from…

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Simplification of the business structure: 5 reasons for enlarging a group of companies and 6 reasons not to do this
Structuring a business is usually associated with an increase in the number of companies in a group. There are many reasons for this. There are even more solutions to isolate…

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Coffee is not only tasty, but also profitable
The Endorfin team has remained stable all these four years: the three founders of the company continue to develop their business, chief barista Anna develops new tastes and trains staff.…

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requires return

Practical aspects of accounting for business combinations in the fuel and energy sector

A contribution is any economic resource that creates or can create returns as a result of applying one or more processes.A process is any system, standard, protocol, agreement or rule that, when applied to a deposit or deposits, creates or can produce returns.

Return – the result of contributions and processes applied to such deposits that provide or are able to provide income in the form of dividends, cost savings or other economic benefits directly to investors or other owners, members or participants.

Given the fact that the acquisition of a business and a group of individual assets is reflected in the statements differently, it is important to understand how the first differs from the second. Such an analysis is based on the three components of a business in terms of IFRS 3 Business Combinations, which is why if a company is able to demonstrate contributions, processes and returns, then, as a rule, there is a business as such. Continue reading

HOW TO CREATE A SUCCESSFUL BUSINESS
Quite often, reflecting on the future field of activity, we do not think at all about those skills that are already given to us easily. Human psychology is such that…

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FINNEXT 2019: TOP INNOVATION IN RETAIL, FINANCE AND REAL ESTATE
Emology = People + Technology Technological effectiveness today gives way to humanity. In the world of financial services, the winner is the one who has acquired technological trends, provided users…

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Why do we need a foreign company?
To be brief, a foreign company is needed to develop its own business and itself. Why is it still important to have your own foreign company? The detailed answer is…

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10 applications for those who manage the business: planners, audio books, finance
This application is different from the usual WhatsApp messenger and is designed specifically for entrepreneurs. Here you can add account information, work email address or your store address. To communicate…

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