SYLVIA MENSAH

What is a Contingency Plan? And How to Create Your Own

Our contingency plan template has everything you need to start the planning process. Once the key risks are identified, it’s essential to determine how they could impact your business. Let’s cover the basic contingency planning process and detail how to get yours up and running. Contingency planning helps to identify potential risks and get ahead […]

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Accounting Basics

If a debtor is in financial difficulty, the accountant may write his account off even though the business will continue to do everything possible to receive the money the debtor owes them. When the accountant is uncertain about the value of an element or event (assets/liabilities/income/expenses), the prudence principle must be applied. SAICA is a

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