Why do Auditors Attend Stocktakes?
It is very common for an auditor to attend stocktakes at a company’s year end. These stocktakes may also be referred to as a stock counts and these terms are …
What are the Optional Exams for Level 4 AAT?
In order to Become level 4 AAT qualified students must sit a number of exams. It is important to understand that these exams are a mixture of both mandatory and …
How to Calculate Revenue
In order to create an Income statement you will need to be able to calculate the revenue figure which will go at the top. As discussed in our previous post, …
The Difference Between Gross and Net Revenue
When talking about sales made from a business it is quite common to hear the terms gross and net revenue. In the UK most businesses have to add value added …
What is Revenue?
To put it simply, revenue is the money earned by a business whenever it makes a sale. The main aim of most businesses is to make as many sales as …