November 2023 – Ruchita Batra

Using AI in Finance Read on to learn the benefits and by Khang Pham

Exploring the transformative power of AI in finance For instance, a publicly available dataset on US FSPs highlighted in this paper indicates that close to 20% of the adult population receive insufficient credit services. An inference derived from this data reveals that women-owned enterprises receive a disproportionately low share of accessible credit, attract smaller loans, …

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Period costs: Period Costs: Financial Modelling Terms Explained

Bookkeeping / By Ruchita Batra

This distinction is important in terms of how these costs are reported on the financial statements. Product costs are part of the cost of goods sold and directly impact the gross profit of a company. On the other hand, period costs are recorded separately and reduce net income on the income statement. Items that are …

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Cash vs Accrual Accounting: Whats the Difference?

Bookkeeping / By Ruchita Batra

Your customer paid you at the beginning of July, and you deposited the check on July 5. Here’s how this transaction would look for cash basis and accrual basis accounting. Therefore, the accrual-basis accounting method ultimately provides a greater overview of your business’s financial situation, taking far more into account than cash flow or cash …

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