An audit trail shows precisely how money moves through a company and how the company keeps track of it. Think of it as the complete story of every financial transaction a business makes. This article explains audit trails, why they matter, and how they work in the real world. What Is an Audit Trail? An…
An audit report is an important document that shows what auditors found when they checked a company’s money and records. It is a detailed review that tells everyone how well a company handles its finances and follows the rules. What is an Audit Report? Basic Definition An audit report is a formal document written by…
You’ve probably heard of “the economy” talked about on the news all the time. When the economy is doing well, things are great! People have jobs, make money, buy stuff, and everyone’s happy. But when the economy’s in the dumps, hoo boy, watch out! Jobs disappear, folks struggle to pay the bills, and the country…
Microeconomics is a type of economics that looks at the small picture and focuses on how people and businesses choose what to buy, what to make, and how much to pay or charge. It’s all about how buyers and sellers work together in different markets. The Basics Microeconomics gets down to the basics of how…
Social science is all about studying people—what they do, how they act, and how they think. It studies anything related to humans and society. It’s a huge area of study that covers a whole bunch of different subjects. The main social sciences There are a whole lot of social sciences, but some of the biggest…
An audit opinion is what an outside accountant, the external auditor, thinks about a company’s financial statements after looking closely at them. Their job is to ensure the company follows the rules and tells the truth about its economic situation. The auditor takes a good, hard look. When it’s time for an audit, the external…
Audience flow in marketing means how many people watch a certain TV station before, during, and after a show. It’s super important for TV stations to keep track of this stuff. They want to know where people are coming from and going to. Audience Flow Diagrams To help figure this out, they make these things…
Attrition in human resources is when a company lets the number of workers slowly go down. They do this by not hiring new people when someone quits or retires. Attrition is a way companies can shrink their workforce without having to fire anyone. Why Companies Use Attrition There are a few reasons why a company…
A financial audit is when an auditor looks very carefully at a company’s financial statements and records. The auditor wants to make sure the company is following all the rules about how to keep track of its money. These rules are called accounting standards. The auditor checks that the amounts in the financial statements are…
Attributable profit is a special kind of profit. Companies use it for really long projects that take a lot of time to finish. These projects could be things like constructing a big building or creating a new software system. The project usually lasts way longer than one year. Figuring out attributable profit To calculate attributable…
