Inventory Valuation and VAT Would changing the inventory valuation method from First In First Out (FIFO) to Weighted Average (WA) or vice versa reduce my VAT payments? VAT is computed on the amount paid to purchase or sell an item. So, in case a retailer purchases stock for 1,000 BD from a distributor, the VAT … Read more
Any business owner needs to know how to maximize their profit and to demonstrate to investors that the company is heading in the right path since revenue can indicate a firm’s potential. The most important difference between revenue and profit is that while any company can increase its revenue, it may well be registering a … Read more
Where to Invest with the Coronavirus Crisis? The objective of today’s post is simple, as its title indicates, we are going to see how to make money with the Coronavirus crisis. For all those who have a tendency to be offended, I know that it doesn’t sound good at all to make money out of … Read more
مع استمرار انتشار فيروس كورونا، المسمى ب COVID-19 ، من المهم جداً من البالغين التواصل مع الأطفال حول الموضوع. من أهم الأشياء التي يجب وضعها في عين الاعتبار أن الأطفال يتطلعون إلى الكبار لفهم العالم. لذلك، سوف يكون الأطفال قلقين إلى حد ما اعتمادًا على كيفية تواصل الكبار من حولهم معهم. يحتاج كل من الأطفال … Read more
There has been a lot of talk lately regarding the deficit faced by the Social Insurance Organization and the impact that such a deficit will have on the pensions of hard working Bahrainis looking to retire in the near future. Ironically, much of the focus has been directed towards the efficiency of the SIO’s … Read more
The success of a manufacturing business primarily depends on the way that the products are costed. There are different kinds of costs involved in a manufacturing organization. Knowledge about the difference between absorption costing and variable costing is essential to do the product costing. Mainly, the costs can be recognized as variable costs and … Read more
So, what is a disaster? A disaster is an event, often unexpected, that seriously disrupts your usual operations, processes and producers, and can have long term impact on your normal way of life or can affect your business. What is Business Continuity Planning (BCP)? Business continuity plan (BCP) is the creation and validation of … Read more
In our previous article, we listed the main reasons behind the deficit being faced by Bahrain’s Social Insurance Organization. We are now going to discuss the remedies being discussed by Parliament and the Shura Council to resolve the issue. In order to put things into perspective, we need to get some figures from the SIO’s … Read more
Inventory management is so critical if you want to run a profitable restaurant. A restaurant’s profitability is calculated using the cost of goods sold, so it is important that your calculated inventory value be as accurate as possible. This is where the inventory valuation method comes to surface. Choosing the right method can make the process … Read more
In our previous articles, we listed the main reasons behind the deficit being faced by Bahrain’s Social Insurance Organization and we also reviewed the solutions being discussed by the Shura Council and Parliament. In this article, we are going to propose alternatives that could potentially resolve the issues faced by the Pension Fund once … Read more