by Amogelang Nawa | Apr 5, 2020 | Gamers Reflections
Sipho: ”alright, I think we are left with one thing: ”notes”. Madimetja: ”oh yep, notes to the financial statements. Notes explain the key figures of financial statements for example what is sales made out of and what do the assets of the...
by Amogelang Nawa | Apr 3, 2020 | Gamers Reflections
Madimetja: ”well, if equity is decreasing year after year it means the company is destroying value. Should the total liabilities exceed total assets it would mean the company is insolvent and according to the Companies Act insolvent companies are not...
by Amogelang Nawa | Apr 1, 2020 | Gamers Reflections
Madimetja: ”secondly, the statement of changes in equity, with this one you will see how the equity of your business has changed from one financial year to the other. Remember equity reflects the book value of your business and another way to determine...
by Amogelang Nawa | Mar 30, 2020 | Gamers Reflections
Sipho: ”awsome, I am gonna start my daily cash flow budget tomorrow, I need to set goals and hold myself accountable to achieving them so that I can grow my business”Madimetja: ”let me know should you be stuck”Empower yourself, grow your...
by Amogelang Nawa | Mar 28, 2020 | Gamers Reflections
Sipho: ”alright, I get you but how will a cashflow statement help me? Madimetja:”Great question, to manage your business on a day to day basis I would advise that you prepare daily cash flow projections. This will help with setting targets and then...
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