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|Managers use financial statements as well as other financial information to understand the financial health of a business. Others are also concerned about the business’s financial health. That includes current and prospective investors; creditors , including banks and suppliers who may make loans and offer credit to the business; government officials involved in taxation and oversight of business practices; and customers. They want to know such things as whether the cash flow and working capital are sufficient to pay the company’s bills. They also analyze ratios calculated from financial statements to identify where any financial problems lie. If a business needs general advice or special help with a financial problem, it hires an expert. Types of experts available to businesses are
Accountants establish systems for collecting, sorting , and summarizing all types of financial data. They prepare and explain in detail the many figures found on financial statements. Accountants also help managers interpret financial data and make suggestions for handling various financial aspects of a business. Large firms have full-time accountants, whereas small firms usually hire accountants on a part-time basis. A firm may hire a certified public accountant, or CPA , a person who has met a state’s education, experience, and examination requirements in accounting. Corporations that sell stock to the public must hire CPAs to approve their yearly financial records.
Bankers also assist businesses with financial decisions. Bankers are well informed about the financial condition of businesses , and they also provide advice on how and where to get loans. Because bankers frequently work with businesses, they are aware of businesses’ problems and needs.
A consultant is an expert whom companies hire to help them solve problems within a specific area of expertise. Consultants are not employees. They are outside experts with specialized knowledge. A financial consultant is valuable to people thinking about starting a business and to managers facing challenges in existing businesses. Professors of accounting, finance , and management from colleges or universities often serve as consultants. Large and small consulting firms sell their services to other businesses. Some specialize in a particular area such as financial services; others offer expertise in a broad set of business issues.
Many state and federal government agencies provide financial information and other resources for businesses. Probably the best known is the Small Business Administration (SBA). The SBA is an agency of the federal government that provides information, advice, and assistance in obtaining credit and other financial support for small businesses. Regional offices in every state offer expertise and access to a range of technical and managerial information for small-business owners and people considering starting a new business. Other federal agencies offering resources and assistance as well as regulations related to the financial performance of businesses are the Department of Commerce and the Department of the Treasury.
BARCELONA， March 1 (Xinhua) -- Chinese small- and medium-sized enterprises (SMEs) have managed to show up at the Mobile World Congress (MWC) fair by using digital technologies.
Unlike the big companies that have large booths at the MWC -- the most important event of the mobile phone industry being held here， smaller companies often lack the resources to do so.
Digital technologies are bringing opportunities for them， and enabling them， as smaller companies， to be integrated into the global industry and make transactions easier with lower costs.
While some don't have a physical store， online platforms enable them to directly connect with overseas buyers.
DHgate is one example. This online platform helps Chinese SMEs to connect with overseas buyers.
Hang Li， overseas marketing manager at DHGate， told Xinhua that they worked as a bridge of Chinese products to the world， offering high-tech products from China at the client's fingertips.
The platform provides a massive selection of quality and price competitive products. It has 1.4 million sellers globally， 10 million buyers worldwide and 40 million product listings online.
Products range from drones to virtual reality glasses， waterproof sports cameras with ICT resolution and other smart wearable items， such as wireless earbuds that allow users to listen to music and talk on their phones.
This year's MWC， to be closed on Thursday， gathers leading companies of the mobile phone industry to showcase their devices and cutting-edge technology.
The event is expected to receive a total of 101，000 industry professionals， over 160 government delegations， 4，000 representatives and 2，200 exhibitors.
by Hummam Sheikh Ali
DAMASCUS , Nov. 29 (Xinhua) -- After failing to bring a solution to the prolonged Syria war by seven rounds of talks, the eighth round of Geneva talks this time is also not expected to achieve any breakthrough, analysts say.
Since 2012 , the consecutive rounds of Geneva talks have failed to produce a solid ground for the solution in Syria as the talks were marred by the intervention of foreign powers in the talks in addition to the fragmentation of the Syrian opposition groups.
Sure, there are developments on the ground that are important and also in the political arena.
On the ground, the Syrian government forces , with the help of the Russian ally and the Iranian-backed troops, have retaken key and large areas from the rebels, including the ultra-radical ones , such as the Islamic State (IS) and the al-Qaida-linked Nusra Front.
Their latest achieveme.