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Top Challenges Facing Business Accountants

The accounting industry is going through a plethora of dramatic changes right now, and it goes without saying that these changes are presenting new challenges for leaders in the industry. Let's take a look at the challenges below, and what you can do about them if you want to stay ahead of the competition in today’s competitive market. According to the recent surveys, the biggest reason for inefficiencies in corporate accounting is resource constraints. Outdated processes and insufficient tools were also ranked highly amongst challenges most commonly faced by corporate accountants.

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5 Part Financial Section of a Business Plan

Any million-dollar business starts with a golden idea. But, to become and remain profitable, it needs an organized, well-constructed business plan. As all entrepreneurs know, business plans should lay out company goals, discuss products and services, and explain strategies. These sections are important, but pale in comparison to the financial section of your business plan. A well-researched and thorough financial section substantiates your theoretical claims, and certifies your business as a practical prospect. In fact, many investors (whether they are family, friends, or independent) will not fund your business without a financial section that dictates precisely how you intend to utilize your resources. In this post, we’ll detail how you can write this financial section to appeal to investors.

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