Manual Payroll Vs Computerized Payroll Systems

Jack Prot

Not so long ago, all payrolls used to be calculated manually, without any help from a computer. Professional accountants invested a lot of time and energy into keeping track of all employee data, files and information, calculating monthly salaries, hourly remunerations, bonuses, sick leaves, benefits, taxes, deductions and so on. […]

Mergers And Acquisitions In Cyprus

Jack Prot

The major legislation that regulates mergers and acquisitions in Cyprus is the Companies Law (Cap. 113). In particular, the sections 198-202 contain provisions about mergers, reconstruction and amalgamation of companies, and exchange of shares between two or more companies. Other important legislations are the Control of Concentration Between Enterprises Law […]

Liquidity Ratios: The Case For/Against Bank Overdrafts

Jack Prot

Liquidity ratios are used to measure an entity’s ability to fulfill its financial obligations in the short-term, i.e. they are measures of a firm’s liquidity. Short-term here refers to a period of 12 months or less. Two of the most important liquidity ratios are the Current Ratio and the Quick […]

The Lemonade Stand

Jack Prot

One of the best ways to learn about finance is to start with a real-world story that everyone can relate to – a story that even kids can understand. The most iconic – if not most enjoyable – business enterprises of childhood is the lemonade stand. Setting up a table […]

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