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GLOSSARY


What is the basis of accounting? 02 Feb 2023    •    B The basis of accounting will indicate when transactions are recognized for tax and accounting purposes.

What is a balance sheet? 02 Feb 2023    •    B A Balance sheet is an overview of the Assets, Liabilities and Owner equity and any given point in time.

What is a bank reconciliation 02 Feb 2023    •    B A Bank reconciliation is where you balance the business accounts in the accounting system to the actual bank account.

What is Book Value? 02 Feb 2023    •    B Book value represents the value of an asset as reflected on the business' Balance Sheet

What is Business Accounting? 02 Feb 2023    •    B What is business accounting? Business accounting entails the recording, organizing, analyzing, interpretation, reporting and presentation of financial data.

What is a BO Register 17 Aug 2023    •    B A BO Register is a repository of natural persons who own or exercise control or influence over legal entities.

What is a Business Valuation 12 Feb 2024    •    B Business Valuation is the process of determining the worth of an asset or company. It involves making assumptions and considering conditions, using the data that is available at a specific date.

What is Blockchain 25 May 2024    •    B Blockchain is an incorruptible digital ledger where financial transactions or anything of value can be recorded.

What is Big Data why is it important 25 May 2024    •    B Big data refers to a large amount of structured and unstructured data that can be analyzed for information and insights.

What is Business Intelligence and why is it important? 25 May 2024    •    B Business intelligence (BI) uses technology to analyze data. It provides useful information for executives, managers, and workers.

BINDING GENERAL RULING (INCOME TAX) 73 11 Aug 2024    •    B Meaning of Taxable Income for Purposes of Setting-Off the balance of an assessed loss by a Company.