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How Does An Auditor Verify The Dividends Proposed And Other Outstanding Expenses Of A Business Company?

How Does An Auditor Verify The Dividends Proposed And Other Outstanding Expenses Of A Business Company?

The proposed dividends of a company include matters like the provision applicable for depreciation, sharing of profit funds or the transfer of reserves and so on. It forms the responsibility of an Auditor to

  • Make sure if these planned dividends comply with the Company Act and are also legally approved by the Court.
  • He must take the appropriate measures to understand the board’s decision regarding this and besides review the notes made regarding the Profit and Loss Appropriation account.
  • Corresponding to the Company’s Act, provisions should be made to provide the gross dividend for sure.
  • To complete the procedure of evaluation with this dividend strategy, the Auditor must double-check with the names listed in the dividend note and ensure that the register holds the respective titles of the shareholders.

For considering the outstanding expenses of a company, the Auditor should

  • Initially obtain a written letter from the dependable officer confirming whether these expenses are added in the current year’s accounts or not.
  • To evaluate the amount paid on the different accounts, the Auditor must cross-check the sum with the entries made in the cashbook of the company.
  • Observe if all the unpaid accounts of the outstanding expenses of the organization are recorded at the date of the Balance sheet.
  • Moreover, all the expenses like the rent, wages, audit fee and so on must be surely accounted in the book of records and the Auditor must check with it.
  • Also, the entries made in the books with regard to the invoices received must be validated so as to ensure if these accounts are not associated with the year under audit.
  • Further, he can conduct a comparative analysis to see if all the paid and unpaid type of expenses of the previous and the current year does not portray much difference.
  • Though ensure if all the outstanding wages and salaries have been paid off correctly without keeping any dues.

Bank Overdraft is another area under consideration. This includes all the loans advanced by the company for satisfying the financial purposes of the same. It is the Auditor’s duty to

  • Examine in detail the Bank Passbook records and other calls for the assuring the statements made regarding the mortgaged assets.
  • Make sure these properties that are mortgaged is accurately stated in the Balance Sheet of the business organization.


5 Tips to Choose Your Automated Software

5 Tips to Choose Your Automated Software

If you are newcomer into the world of trading or if you are professional who is looking for a switch from the manual trading systems to an easier automatic system of trading, then binary automated trading is just what you are looking for.

Advantages of choosing an online-automated trading system over to the traditional offline systems are:

  • No installations or downloads are required
  • No need to bother with software upgrades as everything is automatic and online software is always up to date
  • Can be accessed from anywhere as long as you have access to an internet-enabled device
  • Provides automatic backup and system maintenance, thus no extra cost
  • Data is synchronized across all systems
  • Anytime access to financial data

However, there is a hitch. With plenty of automated systems available, you need to be cautious of the one system that you settle for. Here are some tips that will help you choose your automated software. Learn more about it below.

  1. Check how secure is your data – While opting for an online-automated system security is a crucial factor. Thus, in order to ensure data security, you must understand how data is stored and what are the different security measures taken to safeguard the user’s personal data. Moreover, platforms that use https connection over to HTTP are quite safe and secure.
  2. Realize the system’s features – Although there are a few common features shared by all automated trading software, every system offers some amount of uniqueness. Hence, it is important to identify the features that each system has to offer. For example, the QProfit System is known for its lightning-fast processing speed because it makes use of Quantum Technology, which makes it stand apart.
  3. Get a feel of the user interface – Even though you might find some features of certain systems very interesting, it is important that you find it easy to use as well. Hence, you need to check the user interface and the level of complexity involved. More the number of features does not mean it is the best software but the ease at which users can navigate around the website determines how successful it will be with the user.
  4. Understand the hidden costs – While most systems ask the users to deposit a minimum of USD 250 to fund the user’s trading account, some software might have some hidden costs. You aim, as a trader is to maximize your returns and not spend it on additional costs on the trading portal. Hence, inquire about additional hidden costs before choosing your tool.
  5. Check if the system provides 24×7 customer support and service – It is obvious that you are bound to have doubts and face issues during the initial days. Hence, it is only natural that you seek help. Therefore, make sure that the system offers round the clock service assistance to ensure you have an unproblematic trading experience.


A Keynote On The Essentials Of Audit

A Keynote On The Essentials Of Audit

As the audit papers are prepared with much importance, it must satisfy the following essentials

  • It should maintain a standard form. All the titles and subtitles should be arranged accordingly to present a simple but elegant paper report.
  • Further, things must be properly put on a well-designed and prescribed layout of audit papers. This will help to retain the evenness of these working documents.
  • Adequate space margins should be left for each paper as the auditor need to fill in those left places with his distinguished remarks and also about the prompt decisions are taken.
  • Everything must be written in an organized manner so that it becomes easy for the auditor to locate any specific subject even at times of urgency.
  • The auditor papers should be absolute to the knowledge of the auditor performing the audit. The documentation should possess a detailed description of each and every topic accounted for by the auditor during his auditing course.
  • The presented document must uphold the feature of transparency along with the self-explainable quality and everything is written on the paper should be precise.
  • As these documentation works are frequently used for the read-through purpose, good uniformity in case of size and shape along with excellent quality sheets are preferred that helps in the easy filing of these working papers.

Who can keep these audit papers? Learn more about it here.

Audit papers are the properties entitled only to their creators or the defined auditors. It is the only wish of the auditor to submit a copy of these extracts or a portion of it is being made available to the client. Otherwise, it is the only right of the auditor to retain it.

How about a test checking?

A test checking is based on a decision made by the auditor to reverify certainly selected list of the transaction for evaluating the fairness of the financial explanation made by the office staff. The characteristic features of the test checking include

  • The scientific fact. It should be mathematically evident from the selected portion of transactions that it really represents the aspects of the population using the accounts. The property of sampling is used for the estimation purpose.
  • The approximation works. To establish the accuracy along with dependability feature, subjects under consideration are just a matter of how an individual judge on it.
  • The surprise element. The auditor and his assistants choose different patterns to evaluate the accounts of the company. Sometimes they select a particular area and period to be checked in a year and so that the client’s remain more alarming about the same.


Profit Now From QProfit

Profit Now From QProfit

The QProfit System is a new automated trading robot that has gained popularity among both novel and professional traders mainly because of its reliability, legitimacy, safety and more. Unlike other automated trading systems, the QProfit system assures to deliver results, minimize risk while trading, and safeguard the user’s personal information. Continue reading the article to learn more about it.

Salient Features of the System

  • It is one of the most unique forex trading robots that is operated automatically.
  • A group of skilled professionals who are expert financiers of the Wall Street and professional software developers had developed the QProfit System.
  • The software is especially unique for its two main factors. One is that it makes use of an interesting data investment principle and the other is the high-speed Quantum technology.
  • The software also operates based on multifaceted mathematical algorithms, complex calculations, and intense programming codes that give the system a competitive advantage over the other software.
  • The autopilot mode in the system allows users to trade seamlessly and free of errors.
  • Additionally, the system’s sophisticated logic offers a user-friendly interface, which makes website navigation simpler, especially for first-time users and to those who have no prior trading experience.
  • The QProfit System, in addition, promises its users to a substantial amount of income, which becomes all the more easy with its autopilot mode.

Expectations from the Users

The QProfit System that makes use of the high-speed Quantum Technology is highly capable of predicting the volatile market conditions and market trends that are capable of foreseeing the prices of various assets. In addition, the software has a high rate of success and guarantees a minimum daily income of over and above $2500. However, in order to achieve this level of success, users are expected to:

  • Have access to a good personal computer with a reliable internet connection, as the QProfit System is accessed directly on the web. The software requires no downloading.
  • Complete the registration process, which can be completed in three simple steps. The first step requires the users to create a trading account on the QProfit System’s platform, which is completely free of cost. All the user is expected to do is fill in the necessary information. The next step is that the user must make a minimum deposit of $250 in order to activate his/her trading account. The third step in the registration process is to switch to the autopilot mode and enjoy automated trading.

Trade Exotically

Trade Exotically

Introduction to Exotic Options

We can differentiate between regular options and exotic options with respect to the payoffs they give and the pricing they have. Another differentiation they have is that the regular options have an expiry date that is specific and the price of exercise is also fixed and on the other hand exotic option differ with respect to the determination of getting the payoffs and when options can be utilized. Even the underlying asset is different of exotic option and regular option substantially. We can consider an instance where the underlying asset for an exotic option is weathered condition, to be more specific rain, in this case, the complexity price and building increases because of which trading of such options is done on an over-the-counter market rather than on an exchange market. Learn more about it here.

Differentiation in depth

One should know that both regular and exotic options have the same aim of giving the right of buying and selling of an asset that will happen in the future, however, the technique in which the traders will be realizing their profits made exotic option is remarkably different from regular options.

In simple words, we can say that all the other options apart from the ones that have conventional calls and puts present on major exchanges is known as exotic options. We can say that if the person who has invested will be buying a call option would have essentially purchased a right to buy which will standard and the underlying asset will be some specified amount which will have a strike price that will be agreed upon. On the other hand, the put option will offer the trader the right of selling the specified asset at that same strike price in case the underlying assets price decreases and this type of options are also known as plain vanilla options. Below are few examples of exotic options:

  • Chooser Option– at a particular point till the option expires the option offers the investor the right of choosing whether it should be a put option of a call option.
  • Barrier Option– whether asset underlying has reached or gone beyond the pre-decided price or not decides the payoff for this type of option. Once the price reaches a barrier that has been agreed on will give the right of purchasing the underlying asset and it can be purchased on a predefined strike price.
  • Asian Option– all the people who make investments in regular options will be attesting to its volatile nature. By using an Asian option one can minimize this volatility.

How To Choose The Correct Pricing Strategy For Earning Good Profit

How To Choose The Correct Pricing Strategy For Earning Good Profit

Have you ever wondered whether the price fixed for your products reflect the actual value offered? Is it sufficient to meet your margins and help the business to take advantage of the existing market situation?  There are various pricing strategies which must be selected according to the market condition and strength of your business.  Read on to know more:

Cost plus Pricing:  This is a simple form of pricing.  The first step is to take into consideration all the costs incurred like raw materials, wages, power consumption, rent etc.  After getting the total cost per unit, just add whatever percentage of profit you want to earn say 10% or 15% or 25%.  This will be the price per unit. This method of pricing is as easy as using the Qprofit app to earn huge profits.

Assured return percentage:  Sometimes when the risk appetite is high or when the production process involves costly technology it is better to prefer an assured return from sales. An assured return is needed to reward the level of risk and efforts taken.   Also, an assured return would attract investors if your business needs third-party investment.  Under these circumstances, you can use assured return percentage pricing.

Competitive pricing:  When there is tough competition is market, keep the price slightly lower than your competitors to attract buyers.

Price skimming:  When your product is vital and unique, you can initially set a high price.  Once competitors slowly enter and offer similar products the price can be reduced.

Penetration pricing:  When you need to penetrate the market, this strategy can be used.  Normally market entrants use this strategy.  The price of this strategy is kept low and one cannot expect profits.  Once sales increase considerably, the prices can be raised to a normal level.

Price bundling: When you offer a wide range of related products, offer them as a bundle.  The advantage of price bundling is you can indirectly gain customers for all the products offered by you.  No separate marketing is needed for individual products bundled hence cost will be low and prices can be quoted at an attractive rate.  The buyer also gets the advantage of lower price and bundled benefits.

Psychology pricing:  This is something like keeping price $199 instead of $200.  Psychologically the buyer will feel the pricing as a comparatively cheaper one and hence prefer to buy.


Popular Investment Choices Of 2018

Popular Investment Choices Of 2018

With the passing of every year, the expectations of people to utilize the year perfectly to secure more money for their financial stability only increases multifold as money makes many things happen in this world, undoubtedly! To achieve this desire of theirs people resort to one or more investment choices, according to their financial goals and expectations. While certain investment choices are tailor-made to satisfy specific financial needs, such as the retirement needs, educational needs and so on, few others are in general, capable of offering you more money to satisfy your rightful financial needs, appreciably!

So, not considering this difference, we are here to discover the popular investment choices of 2018, so that you could make better investment decisions, without losing the rest of the year that you have in hand!

  • Automated trading

No introduction whatsoever is required for the trading practice that has long been considered one of the perfect ways to earn money for the brighter future! But, the good old trading practice with the touch of technology has proved itself suitable for anyone and everyone, even disregarding their trading experience or expertise! This new-fashioned trading practice that is now the hot investment choice of 2018 is known as automated trading practice, where the smart machine aka the algorithm of the system takes control over your profitable trading choices, all the time! Need a reliable suggestion? Here you go with the Qprofit auto-trading system with a variety of investment choices and features!


  • Real Estate

Home is the basic requirement of everyone and therefore, investing in the real estate would only yield you profitable solutions, not only in this 2018 but, also in the forthcoming years. But, the catch here is not, every one of us is blessed with the abundant money to invest in the real estate property that calls for the second thought on the subject. But, if you have the money and really shun the idea of becoming a landlord and dealing with the property-related issues then, do not worry any more, as the concept of real estate notes, where a reliable management takes care of a reliable real estate project and allows a group of investors like you to invest in the project, without you having to deal with the property directly but, only enjoy the dividends heartily! Cool, isn’t it?


  • Peer-to-Peer Lending

Have you got some decent amount of money to invest? Then, are you ready to play the role of a bank by lending your money to the needy? Don’t worry, your money would reach your bank account safely, of course, with the added interest when you join the reliable peer-to-peer lending platforms. This is one of the uncomplicated investment options of 2018 that is gaining visible popularity!

Various Business Forms

Various Business Forms

Business can be of various types and sizes. It can be as simple as selling some garments working from home or can be complex and huge like designing high-level machinery parts. Big or small every business plays an important role in the society we all share. Business does not only provide income for the businessman but also provide goods or services needed by the customers helping them with their daily needs.

Business can be of different types and based on how the owner chooses to set it up can affect its legal accountability. Business forms can be commonly categorized in following forms:

1) Sole Proprietorship: This form of business is set up to be owned by only one person. It is the least costly and very easy to set up a form of business. Owner of this form of business has to face extensive liability. This means that the lenders can go after the owner’s personal assets if the owner is not able to repay the creditors. This form of business is usually seen in small business. This form also gives the owner the freedom to set up his business as per his choices. With little guidance, the owner can set up and carry out the business efficiently. The owner can choose to make use of advanced software to make appropriate decisions for his own business. Like when trading in cryptocurrencies the QProfit System can be very helpful.

2) Partnership: This form of business is set up to be owned by one or more persons. These partners provide resources to the business. The profit that incurs from the business is divided amongst the partners. The general type of partnership comes with unlimited liability for all the partners. In the limited type of partnership, the lenders cannot take away the private assets of the limited partners.

3) Corporation: It is a form of business that has its own legal personality other than its owners. A stock corporation represents the ownership in shares of stock. The stockholders face limited liability but their involvement in the company’s working is also very limited. These stockholders elect the board of directors amongst them to handle all the activities in the corporation.

4) Limited Liability Company (LLCs): It is a combination form of business that show features of a corporation and a partnership form of business. The owners of the LLCs face limited liability like any corporation. An LLC has a choice to be taxed as a partnership or a sole proprietorship or like a corporation.

5) Cooperative: This form of business organization is usually owned by a group of members. A cooperative business is run for the mutual benefit of the owners. The owners of the cooperative groups are called member. It can be incorporated or unincorporated. Examples of cooperative business can be cooperative banks.

Business Collaboration- A-Team Work To Success

Business Collaboration- A-Team Work To Success

Collaboration is the practice that the individual businessmen will work together to make the business to reach greater heights and earn more profits. The profits earned can be deposited in Qprofit system software.It is generally of two forms.

  1. Synchronous
  2. Asynchronous

Synchronous collaboration is something which will be done in real time, which is the work is done directly in person or may be in messages.

Asynchronous collaboration is something where everything between the businessmen will be on time-based that is there will be no direct interaction.

Collaboration involves some of the following:

  1. Awareness: The businessmen will be so aware of their business and what is really happening around them.
  2. Motivation: As it is a team work, we will be motivated to reach the goal.
  3. Participation: We will be automatically get involved in the process and we will also try to make the others participate.
  4. Mediation: There will be some acceptance and negotiation among the team members when we do something together as a team.
  5. Self-synchronization: We should merge ourselves with the others and work with them.
  6. Reciprocity: We will share our time and effort to reach the goal and also we will want the others to reciprocate the same to us.
  7. Reflection: We should always think in a right way because when an individual makes a mistake in a team, it will reflect and make an impact on the entire team.
  8. Engagement: We should engage ourselves in the team and the work in an active way.

Advantages of having business collaboration:

Business collaboration has both advantages and disadvantages in it. Let us take a closer look at the advantages of having a business collaboration first.

  1. Knowledge sharing:

Business collaboration helps us to gain more and more knowledge because as we are in a team, it is very easy to learn many new things from the others. It will help us to gain experience and grow our business in a better way. Each and every one will have some unique thoughts about the business. So, they will definitely share their thoughts and we can easily get to know more about the business tactics and strategies from them.

  1. Better communication:

The business collaboration will definitely help us to have more communication with the new and strange people in life. Because communication is the important key for the success in a business life. So, without proper communication, the success is not possible here.

  1. The strength of the employees:

When it is a team, the employee will open up their personal thoughts which will be very useful for the business. The employees will actively participate in a work, they will automatically get into some ideas and this will help them to encourage themselves to be more strong.

Business Fundamentals

Business Fundamentals

Commencing and operating a business is a risky profession. It takes a lot of efforts and discipline to run the business smoothly. No matter how big or small the business is it needs to planned and executed based on a set of rules. Running a business needs a lot of knowledge and experience. At the same time, it needs guidance from the experts of the field.

The technology is also playing a very crucial role in almost every business. We have advanced software that calculates the requirements of raw materials and process time required and similar other functions. Like the cryptocurrency industry is in a boom with the help of automated trading robots like the Qprofit System.

To run any successful business the business person needs to understand these basic business fundamentals.

1) People Management: One of the companies or businesses important assets is the people or Human resource. Every business directly or indirectly has people involved in it. It could be the employees working for the business or the suppliers that provide the basic materials or inputs for the business. A good business depends on the attitude of the people involved in it. And for a good attitude, the businessman needs to learn to manage the people correctly. People Management, in short, is to learn to be an influential and motivational leader to build a strong organization.

2) Operations Management: In order to run smoothly, every business needs to perform some tasks or operations. These operations can be getting the raw materials from the suppliers to delivering the processed goods to the stores to sell. Hence Operations Management is a very crucial factor of any business. Operations Management involves using the available resources like the staff, raw materials, the equipment and technology to enhance the outcome.

3) Finance Management: Every business involves money coming in and going out. Businesses need raw materials or machines or knowledge to execute the operations and in turn by selling these goods or services the business earn the profits. Finance Management again is the most important aspects of any business management. The businessman needs to be aware of all the money coming in and going out of the business. For that, he needs to work out a strategy to categorize and prioritize the expenses and a plan to invest his profits.

4) Marketing Management: The customer base is the one most important factor of any business. If a business does not have customers it won’t survive for a long. The customers will come if they are aware of the business. For this marketing is very essential. Marketing, in short, means advertising the services or goods the business provides. Marketing management involves understanding the requirements of the customers and delivering the desired output. Successful businesses need to be on top of the customer’s requirement, their suggestions, and demands.