Sources of information on the balance of payments are: Customs statistics – transactions with goods registered by the customs authorities. The customs authorities record in their reports the value of consignments of goods exported and imported into the country, as they are declared by suppliers. The main errors may arise in connection with the overestimation […]
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Signs of bankruptcy
The financial position of the enterprise depends on the results of its production, commercial and financial activities. Uninterrupted production and sale of high-quality products have a positive effect on the financial condition of the enterprise. Failures in the production process, deterioration of product quality, difficulties in its implementation lead to a decrease in funds on […]
Scorecard used in planning and forecasting
The basis for the development of planning, program and forecast documents are indicators that allow to comprehensively describe social and economic processes and phenomena, to form, present and justify the tasks of the plan, program, forecast for the projected period. An indicator is a qualitative and quantitative representation of an object: a socio-economic process, a […]
Terms of payment
When determining the terms of payment, the contract usually establishes: the currency of payment, the payment term, the method of payment and the form of settlement, as well as reservations for reducing or eliminating currency risk. At the conclusion of the contract of sale, it is established in which currency the payment for the goods […]