Covering the full spectrum of accounting, finance, and investing, to help you understand and apply the principles that shape financial decision-making.
Finance
Private equity investing is a long-term game, measured in years, sometimes even a decade or more. Unlike public markets where you can buy and sell shares daily, committing capital to a private equity fund means tying it up for the fund's life. Because of this long horizon, the
Finance
Special Purpose Vehicles (SPVs), also called Special Purpose Entities (SPEs), are vital tools in modern finance. From securitization to real estate development and private equity deals, SPVs allow companies to isolate financial risk, manage complex transactions, and optimize reporting. In this guide, we’ll cover what SPVs are, how they’
Finance
In corporate governance, two titles often sit at the pinnacle: the Chief Executive Officer (CEO) and the Chairperson of the Board. Often, confusion arises because in some companies, the same individual holds both positions. However, even in such cases, the hats they wear are fundamentally different. To fully grasp their
Finance
For company directors, the onset of insolvency marks a critical juncture where their duties and responsibilities fundamentally change. No longer is their primary focus solely on promoting the success of the company for the benefit of its shareholders. Instead, the law dictates a significant shift in allegiance: to the creditors.
Finance
Corporate insolvency is a challenging reality that many businesses may face. Understanding the intricacies of this legal and financial state is crucial for directors, creditors, and anyone involved with a company experiencing financial distress. A company is deemed insolvent if it meets one of two key tests: * Cash Flow Test:
Finance
What Is Cost-Benefit Analysis? A cost-benefit analysis (CBA) is a systematic process used to compare the projected costs and benefits of a project, decision, or policy. It helps determine whether the choice is worthwhile from a business or economic perspective. By assigning monetary values to both costs and benefits, then
Finance
Going public is a pivotal moment for any company, offering access to vast pools of capital and enhanced visibility. However, for many founders and long-standing owners, the traditional Initial Public Offering (IPO) model presents a dilemma: the need for capital often comes at the cost of relinquishing significant control and
Finance
Introduction: Why Boards of Directors Matter Behind every successful company is a powerful decision-making body: the Board of Directors. When boards are effective, they provide strategy, oversight, and accountability that drive long-term growth. When they fail, companies can collapse under poor governance, fraud, or lack of direction. In this guide,
Finance
One of the key summary documents produced as an output of the crucial planning phase is the Audit Strategy Memorandum (ASM). Often referred to as the 'roadmap' for the audit, the ASM is an internal document that lays the foundation for how the audit will be conducted. It&
Finance
When a company decides to undergo an audit of its financial statements, the relationship between the auditor and the client is formalized through a crucial document: the engagement letter. More than just a formality, this letter acts as a contract, laying the groundwork for a smooth and effective audit process.
Finance
Effective corporate governance is the bedrock of a successful and sustainable company. It's not just about rules and regulations; it's about the people and their respective roles in ensuring the company operates ethically, transparently, and in the best interests of its stakeholders. Below I explain the
Finance
In the quest for higher returns and diversification, investors are increasingly turning to private markets. Private markets can be split into two categories: private credit and private equity. While both operate outside public exchanges and target private companies, they cater to different risk appetites, return objectives, and investment philosophies. Let’
Get exclusive playbooks on Financial Models, Advanced Finance, M&A, Investing & More